|
 |
 |
 |
|
|
Your advert here!!! Our Guides Technical Editors:
Last modified: |
Player X makes Top 5 VC backed firmsA report issued by researcher Library House appears to suggest
that technology companies are no longer the Darlings of VC business in the UK.
The opposite seems to be true. Library House stated that technology companies
"appear to require a longer commitment from investors than is commonly
anticipated," at almost eight years. Which is a strange thing to say given that seven IT companies are in Library
House's Top 20 fastest growing VC backed companies in Britain. Most of them have
links to the telecommunications industry, too. At No. 1 was Rocela - a consultancy that helps Oracle clients, which sowed a
compound annual growth 224 per cent in one year [2006]. But the biggest surprise must surely be mobile games and TV specialist Player
X, whose antics have long been recorded by Mobile Software Insight. Player X grew by an impressive 179 per cent in 2006 and came fourth. That
compares to Number Five slot, Eazyfone, a company that repackages mobile phones
for developing countries and grew at 164 per cent. Player X was also selected as one of the finalists for the 2007 Red Herring
100 Europe Awards which recognises the top 100 private ventures in Europe. Down at Number 11 is Neowave Distribution which claims to be a top supplier
of GSM gateways. Formerly known as Wavelink, it grew by 112 per cent. But at
Number 10 was another mobile orientated company – Pedagog. Based in Wales this company specialises in sending video directly to a mobile
phone from a wireless camera. Instead of being the scourge of VC companies, IT and comms companies appear
to be more than over-represented in the Top 20 fastest growing companies. |
|
