Virtual1 has cemented its position as one of the fastest growing tech companies in the UK, by having its residency in The Sunday Times Hiscox Tech Track 100 confirmed for a third consecutive year.
The ‘Tech Track 100’ list ranks the UK’s fastest-growing private tech companies, based on the past three years’ sales and, once again, London-based Virtual1 is the highest-ranked network provider, with an overall ranking of 78.
In the financial Year 2014/2015 Virtual1 achieved sales of over £12.5m, showing an increase of around 35%, year-on-year, and a 3-year increase of over 250%. The privately-owned Virtual1 has maintained this impressive record of year-on-year growth, through its heavy investment in UK-wide network infrastructure; innovative product and service development; significant expansion in its London fibre network; plus its vibrant, entrepreneurial leadership since its inception in 2007.
Managing Director of Virtual1, Tom O’Hagan, commented on the latest ranking: “Once again my team have worked hard on our vision of driving the company forward in a sustainable way and we are all delighted to have been listed in the Sunday Times Hiscox Tech Track 100. As a technology company, adhering to a strictly wholesale sales strategy, we are fully committed to developing the new and innovative products and services that our Partners need in order to develop their own businesses. In the past year we have expanded our London network still further, developed 1Cloud and expanded our datacentre capacity, and will continue this innovation strategy in order to drive new markets and business opportunities.”
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