Also ranked 170th in the Deloitte Technology Fast 500 EMEA 2014
Bristol, UK, 3 December, 2014 – TVS, a leader in software test and hardware verification solutions, today announced that is has achieved an impressive 26th position in the Deloitte UK Technology Fast 50 awards 2014, one of the UK’s foremost business technology award programmes. TVS has also ranked number 170th on the Deloitte Technology Fast 500 EMEA 2014, a ranking of the 500 fastest growing technology companies in EMEA.
Both Deloitte rankings are based on average percentage revenue growth over five years, and TVS’ 963% growth rate is an incredible achievement for the company that has worked tirelessly to gain both domestic and overseas contracts for its test and verification services and products.
“Making the Deloitte Technology Fast 50 is a testament to a company’s commitment to technology,” said Nigel Thomas, Deloitte Technology partner for the South West UK. “With its 963% growth rate over five years, TVS has proven that its leadership has the vision and determination to grow in competitive conditions.”
”Securing a position in the Deloitte Technology Fast 500 is an impressive feat, especially in the highly competitive and rapidly changing environment of the technology industry,” said David Halstead, Deloitte UK and partner in charge of the Deloitte Technology Fast 500 EMEA programme. “We congratulate TVS on being among the most dynamic and successful technology companies in the region.”
Mike Bartley, CEO and Founder of TVS, commented, “We are delighted to achieve this ranking in the Deloitte UK Fast 50 and EMEA Fast500 awards 2014. The award underpins the company’s ongoing commitment to technical expertise, resourcing and staffing, and of course that adds up to orders received and increased revenue growth. In recent years we have developed and expanded our ‘asure’ products that have enjoyed a fantastic, industry-wide reception, and we have won several excellent overseas contracts.”
Bartley continues, “The worldwide semiconductor and embedded systems industries are constantly morphing, reflecting the needs of fast changing market places and end users, and this creates new test and verification challenges. Our strategy is to meet those challenges by a process of continuous development and innovation, and as a result we continue down the path of controlled expansion on a worldwide basis. My congratulations and thanks go out to the whole team at TVS.”
TVS was founded in the UK by Dr. Mike Bartley in 2008 to provide specialist software test and hardware verification services and products to the worldwide semiconductor and embedded systems industries. The company delivers start-of-the-art solutions, engineering support and training programmes by keeping abreast of latest developments through attending, speaking at and organising industry conferences and events, and by writing leading edge articles on test and verification methodologies and tools.
Now in its seventeenth successful year, the Deloitte UK Technology Fast 50 is a ranking of the country’s 50 fastest growing technology companies. Entrants must 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.
Together, the UK Technology Fast 50 winners generated over £963 million revenues in 2013/14, provided jobs for almost 8,500 people and recorded an average five-year growth of 1,695%. Software and Internet firms make up 82% of the UK Fast 50, up from 56% in 2009-2013, and 69% of CEOs identified North America as the biggest opportunity for growth over the next three years.
The Technology Fast 500 list is compiled by the Deloitte EMEA Technology Fast 50 programme nominations being submitted directly to the Technology Fast 500, as well as public company database research. To qualify for the Technology Fast 500, entrants must have had base-year operating revenues of at least €50,000 and current-year operating revenues of at least €800,000.
Further information on TVS’ products and services is available at: www.testandverification.com.
TVS (Test and Verification Solutions Ltd) provides services and products to organisations developing complex products in the microelectronics and embedded systems industries. Such organisations use TVS to verify their hardware and software products, employ industry best practice and manage peaks in development and testing programmes. TVS’ embedded software testing services includes onsite/offshore testing support including assistance with safety certification and security testing. TVS hardware verification services include onsite/offshore verification support and training in advanced verification methodologies. TVS also offers Verification IPs and its own Verification (EDA) signoff tool.
In this press release references to Deloitte are references to Deloitte LLP, which is among the country’s leading professional services firms. Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms. The information contained in this press release is correct at the time of going to press. For more information, please visit www.deloitte.co.uk.
Member of Deloitte Touche Tohmatsu Limited
Media & Telecommunications (TMT) Group
The Deloitte TMT Group is composed of service professionals who have a wealth of experience serving TMT 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. For more information, please visit www.deloitte.co.uk/tmt
Deloitte UK Technology Fast 50
The Deloitte Technology Fast 50 is one of the UK’s foremost technology award programmes. Now going into its 17th successful year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last five years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. The UK Fast 50 is part of an international programme run by Deloitte, qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from Internet specialists to biotech, digital media technology to life sciences, computers to semiconductors and software to telecommunications.
About Deloitte Technology Fast 500™ EMEA
The Deloitte Technology Fast 500 EMEA programme is the region’s most objective industry-ranking to focus on the technology field, recognising technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East, and Africa (EMEA) during the past five years. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies – large, small, public and private – span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, internet, media, life sciences and emerging areas, such as clean technology.
The programme is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is run by the Deloitte Touche Tohmatsu Limited’s Technology, Media & Telecommunications (TMT) global industry group. Co-sponsors include Fidelity Growth Partners Europe, a venture and growth capital investor which backs entrepreneurs with aspiration for greatness in the IT and clean technology sectors across Europe, Silicon Valley Bank, the premier bank for technology, life science, private equity and premium wine businesses and Taylor Wessing, a leading International law firm with a focus on the industries of tomorrow. More information on the programme and prior year winners is available on www.deloitte.com/fast500emea.
The information contained in this press release is correct at the time of going to press.