Neural Technologies has achieved a place in the prestigious Sunday Times ARM Tech Track 100 league table of Britain's top technology companies.
The Hampshire-based firm has built a global client-base including giants of the telecommmunications and banking world. It has developed the world-beating Minotaur neural technology system to combat telecoms fraud and assess credit risk.
Since 2000, revenues have expanded by 70% per year, rising to £3.5 million from £1.2 million. That rapid rate of growth earned Nt 65th place in the Tech Track 100. Sales this year are expected to accelerate to £6.5 million.
Neural Technologies Chief Executive Officer John Gavan said: "Our rapid sales growth is testimony to the power of our technology because we offer clients the chance to pay only if they make savings as a result of using it. We are delighted to have achieved this further recognition by inclusion in the Tech Track 100."
Neural Technologies clients include Orange, MBNA, Visa, Standard & Poor's and the US mobile telecoms giant Sprint PCS, among many others.
The Communications Fraud Control Association estimates annual worldwide telecom fraud losses to be in the region of $35 - $40 billion. Nt is so confident in the capability of its solutions, that it offers to bill clients for a percentage of the savings it generates.
Now in its third year, The Sunday Times ARM Tech Track 100 annual league table is compiled by Oxford-based research company Fast Track and published with The Sunday Times business section. Companies are ranked according to their annual growth rate in sales between 2000 and 2002. Eligible companies had to be registered in the UK as unquoted ultimate holding companies. The league table adopts the London Stock Exchange's techMARK definition of what constitutes a technology company. Further information can be found at www.fasttrack.co.uk.
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