2017 Winners Announced
The 100 fastest growing tech firms in the North generated almost £2 billion in revenue in 2016
Newcastle, 31 March 2017
Winners announced for the Northern Tech Awards 2017
GP Bullhound’s Northern Tech Awards showcased the outstanding contribution of digital businesses to the national economy.
GP Bullhound, the European technology investment bank, showcased the substantial contribution of Northern digital businesses to the UK’s economy at last night’s Northern Tech Awards, in Newcastle.
The awards recognised the entrepreneurs and businesses that have led the growth of the Northern digital economy in the past year. The award winners were selected by a panel of high-profile judges, including Richard Flint, Chief Executive of Sky Betting and Gaming, David Rowan, former editor of WIRED UK, and Carol Kane, CEO and co-founder of Boohoo.
The Hut Group was awarded the Overall Judges’ Award, in recognition of its outstanding innovation, leadership and international impact in the e-commerce sector.
2017 Northern Tech Awards Winners:
- Fastest Growing Company – The Car Buying Group
- Fastest Growing Larger Company – Evolution Funding
- Local Hero Award – Dynamo North East
- Northern Star – Air Time Rewards
- Judges’ Innovation Award – Zerolight
- Judges’ Award for International Success – Interact
- Judges’ Leadership Award – Godel Technologies
- Tech4Good Award – Reason Digital
- Young Entrepreneur Award – The Floow
- Overall Judges’ Award – The Hut Group
Alongside awards to nine outstanding tech companies. GP Bullhound compiled the Northern Tech 100 League with Tech North. This list recognises the fastest growing tech companies across the North and features high growth achievers such as Tyres on the Drive, Sky Betting & Gaming, and Panintelligence.
The data compiled by GP Bullhound and Tech North has shown that the 100 fastest growing tech firms in the North generated over £1.9bn in revenue in 2016.
In particular, the strength of software development in the North was highlighted, with a total of 31 software companies in the 100 fastest growing companies. Of these, 19 were recognised within the top 50 fastest growing companies. This represents an increase on the 12 software businesses included in the top 50 last year, increasing the sector’s total share to 38 per cent in 2017.
The Northern Tech Awards celebrate the continued expansion of the Northern digital economy, which continues to go from strength to strength. In 2016, the winner of the Overall Judges’ Award, Skyscanner, served as a shining example of Northern success when it was sold to Chinese travel company Ctrip for £1.4bn.
Hugh Campbell, Managing Partner of GP Bullhound, commented: ‘After years of huge potential, Northern tech companies now command the valuations and deals worthy of international recognition. The tech sector in the North is more robust than ever and high profile transactions will continue establishing the region’s reputation as a home for profitable tech companies, a real depth of talent and genuine software innovation.”
The acquisition of Skyscanner by Ctrip.com demonstrated the ability of the Northern technology sector to build, scale, and exit billion-dollar businesses. This is further shown by the near £2 billion that the Northern Tech 100 has this year generated in revenues.”
Richard Flint, CEO of Sky Betting and Gaming and judge at the Northern Tech Awards, commented: “The awards have shown just how strong the tech sector is in the North. The rapid growth achieved by so many of these fantastic companies is testament to the innovation and ingenuity present in the region.”
The Northern Tech Awards 2017 are presented by GP Bullhound as a not-for-profit event with the support and sponsorship of Tech North, Barclays, OBI Property, Performance Horizon, Squire Patton Boggs, Teesside University, Tees Valley Combined Authority, Berenberg, Frazer John Recruitment, Inflexion, London Stock Exchange, Mercia Technologies and Seven Hills.
About GP Bullhound
GP Bullhound is a leading European technology investment bank with a passion for entrepreneurship. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester and Paris. The firm’s advisory team has completed over 240 M&A and Capital transactions to date, working with category leaders including Essence, Avito, Delivery Hero, Fjord, King Digital Entertainment, Pingdom, Innogames, Spotify and many more. Through its principal investment team, GP Bullhound provides institutions, family offices and entrepreneurs with access to some of the most ambitious privately-held technology and media companies in Europe. The firm’s events and speaking activities bring together thousands of Europe’s leading digital entrepreneurs and technology investors throughout the year, and its thought-leading research is read by decision makers globally, and regularly cited in leading newspapers and publications. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound
Dealmakers in Technology