The fastest growing technology companies in the North of England and Scotland have been recognised at the Northern Tech Awards 2016. Recognised as a shining example of this growth trend, the Award for ‘Fastest Growing Company’ went to Ontrac, the IT solutions company and Tracsis' most recent acquisition, based in Gateshead.
The annual Northern Tech Awards identify the fastest-growing tech companies in the North of England and Scotland, showcasing the impact of digital talent across the region and highlighting its growing international importance.
With the 50 fastest-growing companies increasing their combined revenues by 90% in 2015, the awards celebrated the continued expansion of the Northern digital economy.
GP Bullhound, the technology investment bank, made awards to eight outstanding tech companies at a prestigious ceremony at Liverpool’s Titanic Hotel.
Ontrac was amongst winners selected by a panel of high-profile judges, including David Rowan, Editor of Wired, Sir Terry Leahy, Sherry Coutu, and Alex Baldock, CEO of Shop Direct.
Hugh Campbell, Managing Partner of GP Bullhound, commented: “The caliber of the companies profiled this evening is astonishing. The Northern Tech Awards recognise the companies driving momentum in Northern tech, the firms with true ambition, scaling at speed. Never before have we had such a wealth of technology talent on our doorstep. It has not been an easy job adjudicating the entries, but our judging panel has succeeded in picking out the most promising northern digital businesses.”
Herb Kim, Executive Chair of Tech North, commented: “The spectacular rate of growth that these companies have demonstrated in recent years is testament to the rapid acceleration of the North’s digital economy. These are the leading lights, but with 80 per cent of all tech firms now based outside of London, they represent the wider opportunity for growth and innovation across the UK.”