Fluidata has been fortunate enough to be involved, and list in, the inaugural year of the Megabuyte50 awards. Fluidata was unveiled as one of the Top 50, best-performing privately-owned technology companies in the UK mid-market.
Megabuyte is an independent research provider, tracking the corporate and financial affairs of some 1,500 of Europe’s key public and private companies in the ICT Services and Software sectors. Megabuyte’s founder and CEO, Ian Spence, is one of the technology sector’s most established and respected financial analysts. In January 2015, and for the second year running (since the inaugural awards), Spence was recognised by Debrett’s and The Sunday Times as one of the 20 most influential people in the UK technology sector.
The megabuyte50 awards identify the 50 best financially performing privately owned companies in the UK mid-market. The awards differ from other growth awards in the superior rigour of their financial analysis and their specific focus on pure-breed technology companies, rather than companies with a peripheral involvement with technology. As such they provide a highly sophisticated and influential benchmarking reference for companies or the investor and advisory communities seeking to understand relative peer performance. Companies’ rankings are calculated using ‘The Megabuyte Scorecard’, a proprietary benchmarking methodology developed by the research team at Megabuyte, pooling over 50 years of combined experience assessing the performance of software, IT and telecoms services companies. The methodology uses seven key measures: two each for growth, margins and cash flow, as well as overall size. These measures are then weighted to provide the optimum balance for mid-market and later-stage companies.
Megabuyte View: Fluidata is an innovative provider of connectivity solutions, generating solid organic growth, stable underlying EBITDA margins and good operating cash conversion from its role as a picks and shovels provider for the Cloud gold rush. Growth has been self-funded from the reinvestment of cash flows.