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Deloitte Fast 50 Award Winner
28 Oct 2009
Sensornet up to 23rd fastest growing technology company in the UK in the 2009 Deloitte Technology Fast 50
Sensornet, part of the Tendeka family, has moved up to 23rd place in the prestigious 2009 Deloitte Technology Fast 50 award, a ranking of the 50 fastest growing technology companies in the UK.
This latest ranking is an improvement of one place for Sensornet, which was listed 24th in last year’s awards. Rankings are based on average percentage revenue growth over five years.
Launched in 1998, Sensornet provides the world’s most advanced asset digital monitoring solutions, using high-tech fibre optic monitoring systems. The company delivers the complete digital monitoring package to the global oil and gas, power, and hydro industries, including offering its own temporary and permanent distributed sensing installation capability. It is rapidly expanding and has offices based globally in Europe, North and South America, the Middle East and Asia.
Earlier this year Sensornet became part of the Tendeka family of companies which aims to consolidate specialist solutions for increased efficiency in well completions and production. Also within Tendeka are swellable elastomers expert Swellfix and wireless well communications, downhole instrumentation specialist Well Technology and unique sand face completion technologies provider, Flotech.
Sensornet General Manager Richard Kluth said: “We were very proud last year to make it into the Deloitte Technology Fast 50 list along with other successful British businesses, and we are delighted to have moved forward in the placing this year. Our higher ranking is a reflection of the way in which the business itself is going – upwards. It is also a clear indication that Sensornet’s track record of growth, ambition and technical innovation continues to be recognised within our own industry and beyond.
"Achieving sustained revenue growth over five years is a tremendous accomplishment, particularly in these most challenging times. It is a testament to the hard work and commitment from each member of our team.”
David Halstead, Partner leading the Deloitte Technology Fast 50, said: “In spite of the challenging financial market conditions, the 2009 Deloitte Fast 50 shows that stellar growth rates are still possible. The Technology Fast 50 awards are an opportunity for businesses to gain recognition for their successes and achievements over the previous 12 months.
“The importance of a company’s relationship with its customers is clear – listening to feedback and providing an excellent service are crucial in achieving these impressive levels of growth through a turbulent time for the sector.”
The Fast 50 list is compiled from Deloitte’s nominations submitted directly to the Fast 50, and public company database research. Deloitte researchers examined financial statements to validate operating revenues.
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.
About Sensornet
Launched in 1998, Sensornet is the global provider of the most complete monitoring solutions to the upstream and downstream oil and gas industry by using real-time distributed temperature, strain and pressure measuring systems.
Sensornet is part of the recently-formed Tendeka family of companies which aims to consolidate specialist solutions for increased efficiency in well completions and production. Joining Sensornet within Tendeka are swellable elastomers expert Swellfix, wireless well communications and downhole instrumentation specialist Well Technology and unique sand face completion technologies provider, Flotech.
Sensornet provides the world’s most advanced monitoring solutions and offers its own temporary and permanent DTS installation capability. The company is rapidly expanding and has offices based globally in Europe, North and South America, the Middle East and Asia-Pacific.
Sensornet’s award winning technology is supported by a highly qualified and experienced technical, operations and management team, which has provided multi-million dollar turnkey solutions to many of the world’s leading blue-chip businesses. The company is ISO 9001 accredited.
From system engineering and design, to data interpretation services and post delivery support agreements, Sensornet delivers the total monitoring service.
About Deloitte
In this press release references to Deloitte are references to Deloitte & Touche LLP, which is among the country’s leading professional services firms. Deloitte & Touch LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (“DDT”), a Swiss Verein whose member firms are separate and independent legal entities. Neither DDT nor any of its member firms has any liability for each other’s acts or omissions. Services are provided by member firms or their subsidiaries and not by DDT. Deloitte & Touche LLP is authorized and regulated by the Financial Services Authority.
Deloitte Technology, Media & Telecommunications (TMT) Group
The TMT Group is composed of service professionals who have a wealth of experience serving technology, media and telecommunications 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.
Related Links:
www.deloitte.co.uk/fast50/winners/winners-list-2009/
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