Vermilion Achieves Ranking in 'Hiscox Tech Track 100’ For First Time
24 September 2014, London: Vermilion Software, a leading supplier of client reporting and communications software, announces that it came 78th in the Hiscox Tech Track 100 league 2014, published last weekend in The Sunday Times.
The 14th annual Sunday Times Hiscox Tech Track 100 league table ranks Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales. The 100 ranked companies grew their sales over the last three years by an average of 79% a year to a total of £2.1bn and together they employ almost 14,000 staff, having added more than 10,000 jobs over the period.
“The Tech Track 100 has been an objective of ours for a number of years. One of the requirements was an average gross profit of 40 per cent for the past three years, so we are delighted to have achieved this milestone,” said Simon Cornwell, Global Sales and Marketing Director at Vermilion Software. “This is a positive statement to the asset management community, as it reflect Vermilion’s growth and financial stability at a time when the client reporting market is in a state of flux due to mergers and acquisitions. We are an independent firm with a long-term perspective, free from shareholder pressures.”
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