(London – September 29, 2008) – Sunday September 28th The Sunday Times released the annual Tech Track 100, a highly sought-after league table which measures Britain’s fastest growing private technology companies by revenue growth between 2004-2007. Retail Decisions (ReD), a card issuer and world leader in credit card fraud prevention and payment processing is pleased to announce it was the 34th fastest growing company with 82% revenue growth and indeed the 3rd largest in overall revenue for 2007.
In 2006 ReD successfully completed a management buyout led by CEO Carl Clump and backed by Palamon Capital for £168m. Since 2004 ReD has increased revenue from £31.7m in 2004 to £190m in 2007.*
Carl Clump, CEO says; ”To be listed 34th in the Tech Track 100 league is extremely pleasing and a credit to all our staff. We will continue to provide leading edge technology to our customers that increases their operational efficiency whilst reducing internal costs.”
The Sunday Times Microsoft Tech Track 100 survey says, “Over the past three years the companies in this year’s league table have successfully sold technology into a market characterised by cheap debt, rapid corporate growth and buoyant consumer confidence.”*
As a specialist provider to the payments industry, ReD provides prepaid cards, fuel cards, card fraud prevention and payment processing internationally to blue-chip clients on six continents including Air China, DHL, DHS, LG Card, T-mobile, Macy’s & Bloomingdales, Thomas Pink, Wal-Mart, Woolworths, Coles, and many more.
Notes for editors:
ABOUT ReD
Retail Decisions (ReD) is a payment card issuer and a world leader in card fraud prevention and payment processing. Headquartered in the UK, ReD’s international presence covers Europe, the US, Australia and South Africa. Additionally we have commercial partners in Japan, China, and South America.
ReD is a specialist supplier to the payments industry worldwide, and is a recognized industry leader with a blue-chip international client base. Our services include fuel cards, fraud prevention, payment processing, prepaid cards and consulting. Our customers come from the telecommunications, retail, travel, petroleum, banking and the broader e-commerce sectors.
ReD's international blue-chip clients include: Wal-Mart, Travelocity, T-Mobile, Coles Myer, Texaco, Shell, Esso, ASDA, Comet, Virgin Mobile, Superdrug, Woolworths, Pick & Pay, Accenture, DHL and Australian Post.
About the league table:
Now in its eighth year, The Sunday Times Microsoft Tech Track 100 annual league table is compiled by Oxford-based research and networking events company Fast Track. In addition to title sponsor Microsoft, the league table is co-sponsored by BDO Stoy Hayward and Barclays Commercial.
League table criteria
Sales growth is measured by compound annual growth rate (CAGR) over the latest three financial years between 2004 and 2007, or 2005 and 2008. A minimum of 25 weeks’ trading in the base and latest years was required. For financial years lasting less or more than 52 trading weeks, figures were annualised on a simple pro-rata basis. Annualised sales had to exceed £250,000 in the base year (2004 or 2005) and £5m in the latest year (2007 or 2008). Companies had to also show an increase in sales in their latest year, plus forecast sales growth. They were not required to be in profit.
Companies had to be unquoted, independent and registered in Britain. The research was carried out by Fast Track between May and August. All companies were interviewed by telephone and the majority (80) have also been visited by the Fast Track research team.
About Fast Track
Fast Track is an Oxford-based networking events and research company ranking Britain’s top-performing private companies, ranging from the fastest-growing to the biggest. The company was founded and is run by Dr Hamish Stevenson, who has been an associate fellow at Oxford University for the past 12 years. www.fasttrack.co.uk
*“Reproduced by permission. Copyright The Sunday Times”.
Contacts:
Carl Clump, Chief Executive, Retail Decisions Ltd, Tel : +44 (0) 1483 728700 email :ceo@redplc.comEmail
Kami Boyer, Head of Group Marketing, Retail Decisions Ltd, Tel: +44 (0)1483 728700 email:kboyer@redplc.com
