Cwmbran, 30th November 2015: SIPHON Networks Ltd (SIPHON), an award-winning, Cwmbran–based solutions provider of advanced voice and unified communications (UC) technology, announced today that it has been ranked 23rd in the 2015 Deloitte UK Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK.

Rankings are based on percentage revenue growth over the last four years. During this period, SIPHON grew by 644% per cent.

“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,” said David Cobb, lead partner, Deloitte UK Technology Fast 50 and Technology Fast 500 EMEA Programmes.

“Making the Deloitte UK Technology Fast 50 is a testament to a company’s commitment to technology,” continued Cobb. “With its 644% growth rate over four years, SIPHON has proven that its leadership has the vision and determination to grow in competitive conditions.”

Steve Harris, co-founder and managing director of SIPHON, commented, “We’re delighted to find ourselves among the prestigious Deloitte UK Technology Fast 50. It’s a great honour to be recognised for the growth that SIPHON has achieved and having earned the trust of the Unified Communications channel, increasing numbers of service providers and VARs are turning to us to draw upon our expertise across a broad portfolio of UC products and professional services.”

Rob Smith, co-founder and technical director, added, “Our focus continues to be on driving our own successes by making our customers successful at what they do. With a strong team in place across the company and process enhancements that have taken effect over the last 12 months as we prepare for a further uplift in business, SIPHON is poised to deliver on the next phase of our unique technology-enablement proposition.”

Founded in the UK in 2009, SIPHON is a leading European player in the innovation, delivery, integration and support of advanced Voice & Unified Communications technology. For more information please visit: www.siphonnetworks.com

Notes to editors
* Growth rates are all over the last four years.
The full list of this year’s winners and winner breakdown by region and sector is available at www.fast50.co.uk

About 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 Touche Tohmatsu Limited

Deloitte UK Technology Fast 50
The Deloitte Technology Fast 50 is one of the UK’s foremost technology award programmes. Now in its 18th successful year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. The UK Fast 50 is part of an international programme run by Deloitte, qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from Internet specialists to biotech, digital media technology to life sciences, computers to semiconductors and software to telecommunications.

For more information visit www.fast50.co.uk

UK Technology Fast 50 eligibility criteria

1.     The company must have been in business for a minimum of four years;

2.     The company must be considered a technology company, which is defined as:

  • Developing or owning proprietary technology that contributes to a significant portion of the company’s operating revenues;
  • Producing technology;
  • Manufacturing technology-related products;
  • Be technology intensive, or use unique technology to solve problems;
  • Devoting a high percentage of effort to technology R&D;

        NB: Using another company’s technology or intellectual property in a unique way does not qualify.

3.     The parent company must be UK-owned and have its headquarters in the UK;

        NB: Subsidiaries of UK or multinational organisations do not qualify.

4.     Operating revenues must be at least £44,000 (€50,000) for the first financial year of the four year period and £806,000 (€1,000,000) for the most recent financial year;

        NB: The accounts for year four should have an accounting period ending between 1 June 2014 and 31 May 2015.

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 must 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 programme.  To qualify for the Technology Fast 50, entrants must meet the eligibility criteria stated above, including operating revenues that must be at least £44,000 (€50,000) for the first financial year of the four year period (2011/12) and at least £806,000 (€1,000,000) in the most recent financial year (2014/15). Deloitte researchers examined financial statements to validate operating revenues.

Entrants must also 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.  Using other companies’ technology in a unique way does not qualify. 

About the sponsors

About Eight Roads
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About Silicon Valley Bank UK
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative businesses and their investors move bold ideas forward, fast. SVB provides a range of targeted financial services and expertise through its office in the UK. With commercial and international banking services, SVB helps address the unique needs of innovators. Forbes named SVB one of America’s best banks (2015) and one of America’s best-managed companies (2014). In 2014, SVB was recognised as Service Provider of the Year for the third year in a row at the Investor Allstar Awards in London.

Learn more at svb.com/uk

About Taylor Wessing
Taylor Wessing is a full-service international law firm, with 1,200 lawyers working with clients in the world’s most dynamic industries. Our focus on the industries of tomorrow has enabled us to develop market-leading expertise in: Technology, Media and Communications; Life Sciences; Private Wealth; and Energy. We support clients wherever they want to do business. Our 28 offices* across Europe, the US, the Middle East and Asia are not token presences – they blend the best of local business, industry and cultural knowledge with international experience to provide astutely commercial solutions for our clients. 


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