| | | | 29th October 2004 | | | | | | Second Fastest Growing Technology Company in Scotland | “Revenue growth of 2000% is down to our flexibility and high levels of customer satisfaction.” |  | XCalibre Communications Ltd today announced that it ranked second in the 2004 Deliotte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Scotland. Rankings are based on average percentage revenue growth over five years, from 1999-2004. Compound annual growth rate (CPAG) for the period was 180%. |
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| | | | | | | XCalibre CEO, Tony Lucas, credits its investment in developing its technology, infrastructure and its flexible approach to customers’ requirement with the company’s very strong revenue growth over the past five years. He said, “It’s an honour to be appearing in the Fast 50 again this year, it’s really good to see the hard work, that the entire company has put in over the last five years to be recognised in this way.” “Growing the top line enough to make the Deliotte Technology Fast 50 is especially meaningful during tough economic times for the technology sector,” said William Touche, National Managing Partner of Deliotte Technology, Media & Telecommunications Group. “We congratulate XCalibre on becoming one of the 50 fastest growing technology companies in the UK and Ireland.” | | | | | | About the Deliotte & Touche Technology Fast 50 Programme The programme consists of a series of regional programmes covering the East, London & South East, Midlands, South West & South Wales, the North and Scotland and Ireland. Each region will host an awards ceremony to honour the 50 fastest growing technology in their areas in October and November. | | 
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| | | | | Following the regional programmes, Deliotte & Touche will publish a national ranking of the UK’s Technology Fast 50 companies. | | | | | | | Eligibility criteria for the Technology Fast 50 In business for a minimum of three years, considered a technology company defined as: producing technology, manufacturing technology-related products, technologically intensive or uses unique technology in problem solving, devoting a high percentage of effort to research and development of technology. Parent company must be UK owned and headquartered in a participating region (subsidiaires do not qualify), and turnover must be over Euro 50,000. The Technology Fast 50 programme was originally started in San Jose, the centre of Silicon Valley, California in 1995 and has expanded across the globe in the last six years. Both regional Technology fast 50 and the national Technology Fast 500 were created to recognise the outstanding contribution of fast growing technology companies to the US economy. |
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