Energy trading software developer Contigo is celebrating, following its inclusion on one of the UK’s most highly regarded indexes of the country’s fastest growing technology companies.

The Birmingham-based company – which develops commodities trading software for the energy industry - has entered the prestigious UK Deloitte Technology Fast 50 list in 28th place, having generated a revenue growth of 1,019% over the last five years.

Jon Yeomans, Marketing Director, Contigo, said: “This has been a truly outstanding year for us, having been nominated in a number of business and technology awards, and now to be included in the UK Deloitte Fast 50 is fantastic recognition for effort of the Contigo team.

“Our exceptional level of growth across the last five years is a clear indication that as a company we are continuing to provide cutting-edge, market-leading products that are bringing genuine, measurable benefit to our customers.

“This is an outstanding achievement and one that I and the rest of the team are incredibly proud of. To feature on the UK Deloitte Fast 50 is a firm demonstration that Contigo is on the right track and we are continuing to build on our present successes, while remaining firmly focused on the future of the commodities trading industries.”

A business is eligible to feature in the Technology Fast 50, now in its 15th year, as long as it has been active for a minimum of five years, operates in the technology sector, and has operating revenues of at least £34,000 in the first financial year of the five that are analysed.

David Halstead, Partner leading the Deloitte Technology Fast 50, said: “The Deloitte Technology Fast 50 gives great profile to technology companies and is internationally recognised as being one of the most important business awards in the sector.

“The 2011 Deloitte Fast 50 shows that tremendous growth rates are still possible, with internet and software sectors showing particular strength and making up over half of the companies in the Fast 50 ranking.
“The Technology Fast 50 awards are an opportunity for businesses to gain recognition for their successes and achievements over the last five years.  This year’s ranking highlights the importance of finding a niche product or service to beat the recession.”

Alongside the prestige of being recognised for their achievements, companies that feature in the Deloitte Fast 50 entrants are qualified for entry into the Deloitte Technology Fast 500 EMEA (European, Middle East and Africa) programme.

An award ceremony to honour those companies that have been featured on the 2011 Fast 50 will take place at the Tower of London on 24 November.

For more information on the Deloitte Technology Fast 50, visit www.fast50.co.uk

Notes to Editors

Contigo

Based in Solihull in the UK, Contigo is a leading provider of trading and logistics software products to the energy industry and is becoming the provider of choice for many energy companies who seek expert knowledge of their business in a supplier.   Contigo’s enTrader product suite launched in March 2009 and is emerging as a market leader in addressing both energy retail portfolio management and fuel logistics as well as establishing itself as a serious contender in the Energy Trading and Risk Management (ETRM) space.

Deloitte

In this press release references to Deloitte are references to Deloitte LLP, which is among the country’s leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by guarantee, whose member firms are legally separate and independent entities.  Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press. 

For more information, please visit www.deloitte.co.uk.

Member of Deloitte Touch Tohmatsu Limited

UK Technology Fast 50 entry criteria
1. The company must have been in business for a minimum of five years;
2. The company must be considered a technology company, which is defined as:
a. Producing technology
b. Manufacturing technology-related products
c. Be technology intensive, or use unique technology to solve problems
d. devoting a high percentage of effort to technology R&D;
3. The parent company must be UK-owned and have its headquarters in the UK (subsidiaries of UK or multinational organisations do not qualify);
4. Operating revenues must be at least £34,000 (€50,000) for the first financial year of the five year period and £540,000 (€800,000) for the most recent financial year;
5. All submissions must be accompanied by signed accounts for the first and last financial year being measured in the competition.  Unless a statutory exemption is being taken, these accounts should be unabbreviated and audited.

Technology Fast 50 selection and qualifications

The Technology Fast 50 list is compiled from Deloitte’s nominations submitted directly to the Technology Fast 50, and public company database research.  To qualify for the Technology Fast 50, entrants must have had 2006 operating revenues of at least £34,000.  Deloitte researchers examine financial statements to validate operating revenues.

Entrants must also be a public or private company 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.  Using other companies’ technology is a unique way does not qualify.

http://www.contigoenergy.com

For media information please contact DanielHill@core-marketing.co.uk
For sales information please contact David.Calmonson@contigo.co.uk