Quartix Ltd an AIM-listed vehicle tracking and fleet management solutions supplier,is proud to have been ranked as #1 of the 50 top performing technology businesses in the UK by Megabuyte in May 2016. The ranking provides an independent measure of companiesâ€™ financial performance, by criteria other than share price.
Megabuyte is a highly respected independent research provider that tracks the corporate and financial affairs of around 1,500 of Europeâ€™s key public and private companies in the ICT Services and Software sectors. Their Scorecard is a proprietary methodology for assessing the financial performance of technology companies. It uses a combination of seven key measures incorporating growth, margins, cashflow and overall size. The report on which the results appear is sponsored by Silicon Valley Bank and more information can be found here.
â€œThe Megabuyte Scorecard was developed to identify what a â€˜goodâ€™ tech company looks like, pooling over 50 yearsâ€™ collective analyst experience,â€ says Ian Spence, founder and CEO of Megabuyte. â€œItâ€™s our view that once companiesâ€™ formative years have passed, high growth, high margin, cash generative businesses will always provide better long term results for investors, whether in public or private markets.â€
â€œWe are delighted to have reached first position on the Megabuyte Scorecard this month, having also reached 2ndposition at this time last year â€œ, said Andy Walters, Managing Director and co-founder of Quartix. â€œTogether with the prestigious Fleet World Award for Innovation in Telematics we received in April this is testament to the hard work and commitment of everyone at Quartix.â€
Founded in 2001 by four industry professionals, Quartix has enjoyed growth every year since their formation and have become one of the UKâ€™s leading vehicle tracking suppliers. Quartixâ€™s tracking systems, which are designed in-house, have been installed in over 250,000 vehicles, for more than 8,000 clients. In 2010 Quartix expanded into France and, in 2014, it began operations in the USA. Quartix floated on the AIM stock exchange in November of 2014 and has been named as one of the 1,000 Companies to Inspire Britain by the LSE for both 2015 and 2016.