Tideway Named Fastest Growing Software Company in the U.K.

NEW YORK and LONDON: October 28, 2008 – Tideway, one of the fastest growing providers of IT automation software, today announced that it has been named the fastest growing software company in the U.K., and Britain’s sixth fastest growing privately held technology company overall, by the Sunday Times Microsoft Tech Track 100. This marks the second consecutive year Tideway has topped the software company rankings and its overall ranking has increased from eleventh place in 2007.

The Sunday Times Microsoft Tech Track ranks the fastest growing private companies in Britain’s technology, telecoms, and digital media sector, based upon sales growth over a three year period. From 2004 to 2007, Tideway has built remarkable momentum, increasing sales at a rate averaging 184 percent per year, and nearly doubling its customer base in 2007.

“Tideway’s phenomenal growth is based on a few key ingredients: great customer relationships, world-class people and constant innovation,” said Richard Muirhead, CEO and Founder of Tideway. “These latest marks of distinction reflect the increasing market demand for IT automation, optimization, and rationalization – requirements that have grown even more pressing in the current economic climate.”

Tideway’s Tech Track ranking comes on the heels of recognition from other industry organizations and publications. Earlier this month, Tideway was named as a finalist in three categories of the British Computing Society IT Industry Awards: Technology Supplier of the Year, Green IT Project of the Year, and IT Leader of the Year for Muirhead. Tideway has also achieved 2008 finalist status for the Computing Awards for Excellence (Business Software Supplier of the Year) and the CNET U.K. Business Technology Awards (Business Application of the Year). Most recently, Tideway has been ranked 359th in Software Magazine’s 26th Annual Software 500 Ranking for the largest software and service providers in the world, which is up 40 places from 2007’s ranking of 399th.

Earlier this year, Tideway won the Best Infrastructure Strategy Award at The Banker Technology Awards 2008, for the implementation of its flagship product Tideway Foundation at a major financial services organization. Tideway was also recognized by Red Herring as one of the top 100 private technology companies based in the EMEA (Europe, Middle East and Africa) region.

Tideway Systems provides a shared platform for technologists to visualize and report on the data they need to make informed decisions. Tideway Foundation™ software continuously maps application relationships to physical and virtual infrastructure, including the dependencies between them. This single, automated view of application topology enables enterprises to cut costs, reduce risk and better manage change. Tideway is rated as a category leader by prominent analyst firms. Clients include Dresdner Kleinwort, ING, Linklaters and Mizuho Bank. For more information, visit www.tideway.com.

Press Contacts:
Audra Tiner
Director, Marketing Communications
Tideway Systems
a.tiner@tideway.com
+1 646 884 9481

Cheryl Gale / Liz Swenton
March Communications
164 Canal St. Boston, MA 02114
tideway@marchpr.com
+1 617 960 9839

This release was published on openPR.