Ubisense Ranked number 2 Fastest Growing Technology Company in the UK in the 2008 Deloitte Technology Fast 50

Ubisense attributes its 15324% Percent Revenue Growth to its World beating precise real-time location system driving huge costs out of the businesses of its’ customers delivering an ROI in less than 12 months for companies like, BMW, Cummins, Honda and Boeing.

Cambridge, UK Oct 29 2008 — Ubisense today announced that it ranked Number two in the 2008 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in the UK. Rankings are based on average percentage revenue growth over five years Ubisense grew 15324 percent during this period.

Ubisense’s CEO, Richard Green credits his world class team, intellectual property and their determination to make our customers succeed with the company’s 1324% revenue growth over the past five years. He, "With such talented people the company can do amazing things for our customers and see no limits to growing this to be Cambridge’s next billion $ company"

“Growing the top line enough to make the Deloitte Technology Fast 50 is especially meaningful during tough economic times for the technology sector,” comments David Halstead, lead partner for the Deloitte Fast 50. “The Fast 50 provides a fascinating view of the evolving structure of the UK's tech sector, with software and internet businesses making up the bulk of the fastest growing companies. While their products and services are at the extreme cutting edge of global technology, it is important to note that it is not just technology that makes these companies leaders in their sectors – it is about the quality of the people and their Intellectual Property (IP).”

Fast 50 Selection and Qualifications

The Fast 50 list is compiled from Deloitte’s nominations submitted directly to the Fast 50, and public company database research. To qualify for the Fast 50, entrants must have had 2003 operating revenues of at least £34,000. Deloitte researchers examined financial statements to validate operating revenues.

Entrants must also be public or private companies headquartered in a participating region of the UK and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.

About Deloitte

In this press release references to Deloitte are references to Deloitte & Touche LLP, which is among the country's leading professional services firms. Deloitte & Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu ("DTT"), a Swiss Verein whose member firms are separate and independent legal entities. Neither DTT nor any of its member firms has any liability for each other's acts or omissions. Services are provided by member firms or their subsidiaries and not by DTT. Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority.

Deloitte Technology, Media & Telecommunications (TMT) Group

The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications companies throughout the UK in areas including cable, communications providers, computers and peripherals, entertainment, media and publishing, networking, semiconductors, software, wireless, and related industries. These specialists understand the challenges that these companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte is a leader in providing strategic, financial and operational assistance to its technology, media and telecommunications clients

About Ubisense

Ubisense is the market leading vendor of precise RTLS (Real-time Location Systems) based on Ultra-Wideband (UWB) technology. The company delivers complete solutions based on a highly scalable and reliable real-time location platform that is being deployed in mission critical applications around the world. www.ubisense.net

Ubisense
St. Andrews Hous
Cambridge CB4 1DL, UK

Richard Green
Ubisense
info@ubisense.net
Tel: +44 1223 535170

This release was published on openPR.