NewswireToday - /newswire/ -
London, United Kingdom, 2006/09/27 - Vecta, the sales intelligence software specialist, was recognised as one of the UK's fastest growing technology companies at the weekend when the company was included in the coveted “The Sunday Times Microsoft Tech Track 100” league table.
The league table, now in its sixth year, ranks unquoted UK technology companies according to their annual growth in sales. Rankings are based on independent research carried out by researchers at publishers Fast Track.
Vecta’s inclusion in the table this year was based on achieving an impressive 38.5% growth between 2003 and 2005.
Martin Mackay chief executive officer of Vecta said, “We are delighted to have our progress recognised in The Sunday Times Microsoft Tech Track 100. Moreover, we are particularly proud to be identified as the only fast growing technology company dedicated to serving the wholesale distribution industry. Achieving this sort of growth demonstrates the value which our sales intelligence solutions deliver for customers.”
“This year we have launched Vecta OnDemand, a hosted web-based service, which has allowed our customers to deploy sales intelligence faster with lower implementation, maintenance and support costs. We have also added new features for marketers and delivered cutting-edge enhancements to our architecture that improve usability in the latest release of the software. Later this year we will be launching Vecta Pocket 2.0, putting sales intelligence into the hands of field-based sales people using PDA’s or smart-phones. All these developments and our inclusion in The Sunday Times Microsoft Tech Track 100 demonstrate that Vecta is one of the leading technology companies in the UK. You can expect to see more sales people selling intelligently and hear more from Vecta in the coming year.”
About the league table
Now in its sixth year, The Sunday Times Microsoft Tech Track 100 annual league table is compiled by Oxford-based research and events company Fast Track. It was published with The Sunday Times business section on 24th of September.
In addition to title sponsor Microsoft, the league table is co-sponsored by PricewaterhouseCoopers LLP.
League table criteria:
Companies are ranked according to their annual growth rate in sales between 2003 and 2005. Companies had to be unquoted, independent and registered in Britain. The league table adopts the London Stock Exchange’s techMARK definition of what constitutes a technology company. Companies primarily engaged in simply reselling or reassembly were excluded, as were IT consultants that do not develop proprietary technology.
Companies also had to forecast an increase in sales from 2005 to 2006, but were not required to be in profit.
The research was carried out by Fast Track between 3 April and 31 August. All companies were interviewed by telephone and the majority (81) have also been visited by the Fast Track research team.
About Vecta Software Corporation Ltd
Established in 1996, Vecta Software Corporation Ltd provides world-class sales intelligence solutions to hundreds of major companies. Thousands of salespeople use VECTA sales intelligence solutions on a daily basis to dramatically improve their sales performance. Vecta operates from its headquarters in Oxford, UK.
What is Sales Intelligence?
Sales Intelligence enables sales teams to challenge assumptions about their customers’ buying expectations and patterns. Our software, VECTA, allows salespeople to easily interpret information about their existing customers, and identify and act intelligently on opportunities for increased sales.