The list ranks Britain’s 100 privately-owned technology, media and telecoms companies with the fastest-growing sales. Locally, Multisource partnered with Xconnect UK to launch South Africa’s first neutral interconnect point and is experiencing similar growths and market acceptance as their highly awarded UK counterparts.
This is XConnect’s first appearance on the list, with reported annual sales growth of 172 percent over three years. Earlier this year, XConnect announced that increased demand for its innovative IP-based interconnection services for telecom operators and networks worldwide had resulted in major growth in revenue and traffic.
“To be ranked fifth among the 2011 Sunday Times Tech Track 100 is a tremendous honour, and I am very proud of the dedicated work of our talented team,” said XConnect CEO Eli Katz. “This achievement represents XConnect’s leading position in the exploding market for global IP federation interconnection, triggered by the evolution to multimedia IP services such as HD voice and video communications.”
Katz added, “With customers spanning Europe, Asia, Africa and the Americas, we are a truly global company, delivering essential services to major operators and enabling the mass-market adoption of multimedia communications.”
Scott Dodds, General Manager, Business Strategy and Marketing at Microsoft, the title sponsor of the Tech Track 100, said: “Privately-owned technology companies are making a great contribution to the economy, despite difficult trading conditions. It is especially encouraging to see that cloud computing continues to provide such significant opportunities by helping technology firms to open up new markets and cut costs for their customers.”