Distributed attributes its 400% year on year revenue growth to its unique Elastic TeamsTM solutions.
Distributed today announced that it ranked number 32 in the 2021 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. Distributed grew 9,600% during this period.
Distributed’s CEO, Callum Adamson, credits the company’s ability to leverage its deep understanding of the motivations and needs of the highly-skilled, global freelance developer economy to build unique, re-composable teams that solve client problems faster than any other offering in the market with the company’s phenomenal revenue growth over the past four years. He said, “Distributed is building the future of work using proprietary technology and workflows to let the best global tech talent work on solving client problems in ways that clients could never do for themselves. Elastic TeamsTM can be built and commissioned faster than any other way of building tech teams, which gives clients huge cost savings and guaranteed success.”
Duncan Down, the lead partner for the Deloitte UK Technology Fast 50 programme, said: “The extraordinary growth of this year’s Fast 50 represents the remarkable tenacity of the UK’s technology industry. Deloitte’s 2021 Fast 50 awards are a clear demonstration of the wealth of talent, creativity, and entrepreneurship in the UK’s technology industry today.
“The 2021 Deloitte UK Technology Fast 50 highlights the success being achieved within the sector today.
“The Deloitte UK Technology Fast 50 awards are an opportunity for businesses to gain recognition for their innovation and achievements over the last four years.
“The 50 fastest growing UK technology companies, as ranked by Deloitte, generated around £2.92bn in total annual revenues in the year 2020/21 and employed more than 19,320 people. The Deloitte UK Technology Fast 50 recorded an average three-year growth rate of 3,337%.”
Now in its 24th 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.