Wokingham’s CitNOW highest new entry in Tech Track 100 list

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The Sunday Times listed two borough based businesses in its Tech Track 100 list for 2016

A WOKINGHAM firm is the highest new entry in The Sunday Times’ annual Tech Track 100 list.

The newspaper published its latest league table of Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales.

Overall there are 20 companies from the south east in the list, of which 12 are newcomers.

CitNow, which is based in Molly Millars Lane, came in at number 19, after achieving a 127% sales growth in three years.

The company as developed a range of video apps allowing car dealers to showcase their vehicles, without a customer ever having to step foot in a showroom. Subscribers in 44 countries helped the Wokingham-based company grow its sales to £6m last year.

Also listed was Woodley’s Conveyancing Data Services. Three former colleagues invested just £1,500 to start this company in 2010, which specialised in providing speedy searches on commercial and residential properties.

Sales this year have risen to £7.5m, a growth of 52%. It is also a new entry in the chart, which has been compiled in conjunction with Hiscox.

And Green Park based Cloud Distribution came in at number 83. The IT firm works with American companies such as Areohive and Check Point.

Impressive

Steve Langan, CEO of Hiscox Insurance Company, said: “The Sunday Times Hiscox Tech Track 100 never fails to impress and this year is no different.

“We are proud to be associated with it, not least as we support more than 40,000 technology companies across the UK and Ireland and see first-hand their tenacity and infectious ambition.

“Congratulations to all of the southeast companies listed this year – the growth and innovation they demonstrate is highly commendable.”

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