Yorkshire firms stake their place list of Britain’s fastest-growing tech firms

Two Yorkshire firms have won a place on an elite league table which ranks Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales.

The new entrants in the Sunday Times Hiscox Tech Track 100 include Hull-based Giacom, a cloud services provider. Its sales grew by an average of 61% a year to £6.6m in 2016. The company employs 50 staff and its MessageStream platform is used by more than 4,000 software re-sellers.

Harrogate-based Chameleon is another new entrant. It designs and manufactures energy display units, which help customers monitor and reduce their energy consumption. Nearly two million of these devices have been installed in homes around the UK since 2010 and sales hit £10.9m last year, up by an average of 48% a year.

The companies appear with businesses from around Britain, including designer fashion website Farfetch, peer-to-peer lending platform Funding Circle and money transfer provider WorldRemit. Past stars range from travel search engine Skyscanner, which was bought by Ctrip, China’s largest travel company, for £1.4bn last November, to takeaway website Just Eat, now worth £4.2bn.

The Tech Track 100 is sponsored by Hiscox, Barclays, BDO, BGF and N+1 Singer, and compiled by Fast Track, the Oxford-based research and networking events firm.

Steve Langan, CEO of Hiscox, said: “Congratulations to all of the companies on the Sunday Times Tech Track 100. Their courage is laudable; rapid growth and continual innovation takes grit. We are extremely proud to be associated with such an impressive list.”