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VIRTUS climbs to 15th place in The Sunday Times Hiscox Tech Track 100 and is recognised as one of LS

13 September 2017   (0 Comments)
Posted by: Amanda McFarlane
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London – 11th September 2017 – VIRTUS Data Centres (VIRTUS), the UK’s fastest growing data centre provider and where the cloud lives in London, has again been recognised for its success in the UK and Europe. As testament to its continued growth, VIRTUS has risen to 15th place in The Sunday Times Hiscox Tech Track 100. The company has also been included in the second edition of the London Stock Exchange Group’s 1000 Companies to Inspire Europe report.

The Sunday Times Hiscox Tech Track 100 was first published in 2001 and celebrates Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales. LSEG’s 1000 Companies to Inspire Europe is a celebration of the top 1,000 high-growth and most dynamic of the 23 million small and medium sized businesses across the 28 member states of the European Union. To be included in the list, companies needed to show consistent revenue growth over a minimum of three years, significantly outperforming industry peers.

VIRTUS achieved theses placings in recognition of its rapid expansion, growing 163% per year on average in each of the last three years. The key to this growth is the exceptional quality, innovation and service VIRTUS provides to its customers. From the largest global banks and cloud computing giants, to charities, universities and startups, listening to, and working closely with each to deliver the best commercial and technical solution for their businesses.

VIRTUS designs, builds and operates the most innovative data centres in the UK, in and around London, to support the UK’s growing appetite for cloud adoption and digital transformation. It leads the data centre industry in providing unrivalled flexibility, cost efficiency, service excellence and value for highly specified, highly connected data centres.

Neil Cresswell, CEO of VIRTUS Data Centres, said, “The past five years have been extremely busy for VIRTUS. We have grown to be one of the UK and Europe’s leading data centre and tech companies and it’s an honour to be recognised for our achievement by such prestigious bodies as TechTrack, The Sunday Times, the LSEG and the EU. Being named amongst other such successful organisations is testament to the skill and hard work of the VIRTUS team and the continued support of our customers. We are also very proud to be a leading UK and European Tech company in the company of other great UK tech companies past, present and future. We are on a continual development cycle to improve everything we do and strive to provide excellence on every level. We have big plans for further growth and these accolades serve to recognise our progress so far.”

Xavier Rolet, Chief Executive, London Stock Exchange Group said, “If Europe is to have a sustainable economic future, it must back its engines of economic growth and only real source of potential job-creation: its 23million SMEs. It is critical that we continue improving access and cutting the cost of finance for fast growing companies, giving them access to long-term patient equity capital to fund their enormous potential. This is an ambition we share with the EU Commission and applaud its initiative to develop deeper and more connected capital markets across the continent through the Capital Markets Union project.

“LSEG has long been committed to supporting high growth companies. Together our 1000 Companies to Inspire Europe reports, international growth market, AIM, and business support and capital raising programme, ELITE, shine a light on the fastest growing companies across the continent and their critical importance to innovation, job creation and Europe’s future economic resilience.”

 

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About VIRTUS:

VIRTUS Data Centres, the UK’s fastest growing data centre provider, owns, designs, builds and operates the country’s most efficient and flexible data centres. VIRTUS leads the industry with award winning innovation in hyper efficient, ultra-high density and highly interconnected facilities.

 

Located in and around London’s metro, VIRTUS offers the best of traditional retail and wholesale colocation models, combining dedicated support and complementary ecosystems with low cost, scalable and custom solutions, in uniquely flexible and customer friendly packages. Customers also benefit from Tier III certified, ultra-secure facilities, that provide 100 per cent uptime; protecting and connecting data, applications, networks and clouds within VIRTUS Data Centres and the global digital economy.

 

Press contact:

Susanna Collins

Email: susanna.collins@apodpr.co.uk

Mobile: +44 (0)7872 558593

 

About The Sunday Times Hiscox Tech Track:

Fast Track has published league tables of the UK’s top-performing private companies with The Sunday Times for the past 20 years. The company was founded and is run by Dr Hamish Stevenson, who also holds an associate fellowship at Green Templeton College, Oxford University. League table criteria The Tech Track 100 adopts the London Stock Exchange’s (LSE) techMARK definition of a technology company as one that shows a ‘commitment to innovation, research and product development’ and operates in sectors including software, internet, telecoms and biotech. Companies had to be registered in the UK and be independent, unquoted and ultimate holding companies. They are ranked according to the compound annual growth rate in sales over the latest three years. Annualised sales had to exceed £250,000 in the base year and £5m in the latest year. Companies also had to increase sales in the latest year, but did not need to be in profit. Pure computer resellers are excluded, and this year the criteria were tightened to require IT consultancies and services companies to generate a significant proportion of their sales from proprietary technologies. The research was carried out by Fast Track principally between May and July 2017. Most of companies were interviewed by telephone or visited by the Fast Track research team.

 

About LSEG’s 1000 Companies to Inspire Europe:

LSEG worked with the research company, Bureau Van Dijk, to identify the list of the 1000 companies. Companies had to meet certain criteria: be registered in the European Union (EU 28) and active; have revenues between €20 million and €300 million based on latest filings and have a minimum of four years in operation. Having identified the long list, the eligible companies are then separated into their country of incorporation. Within each country, the companies are ranked by their individual revenues compounded annual growth rate; and those that have most outperformed within their country are identified. The long list is split among the EU 28 countries according to every country’s contribution to EU GDP.


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