QBS has been hailed by Dun & Bradstreet as one of the UK's top 50 fastest growing technology companies -- taking the 47th spot on the new leaderboard for 2020.
The inaugural Accelerate50, a list compiled and ranked by business data and analytics provider Dun & Bradstreet (D&B), aims to recognise the UK’s top 50 fast-growth tech providers serving financial services, manufacturing, computing and communications.
Neeraj Sahai, president -- international at Dun & Bradstreet, suggested the project, which is also related to its Accelerate partner programme, partly reflects companies' growth opportunities and long-term plans in 2020, when the UK economy faced disruption from Covid-19 and Brexit.
"During these challenging times, there are still organisations that are thriving. Dun & Bradstreet Accelerate50 sheds light on these organisations and how they grew in such a tumultuous period, whether through digital transformation, agility in the time of Covid-19, or investing in data to improve business performance," Sahai said.
D&B used its data and insights to select UK registered companies with sales greater than or equal to £3 million in their latest income statement. Companies were short-listed based on three-year sales compounded annual growth rate (CAGR).
Dave Stevinson, Group CEO of QBS Software, said the placing was a fantastic surprise, as an unsolicited and objective assessment.
"It is wonderful to be commended for our continued growth. It is even better to have our software delivery platform singled out and our company recognised as a pure-play technology company," he said.
More info on Accelerate50
Winners of the Accelerate50 Awards Programme, sponsored by ICC, Salesforce, Workday and WeWork, will receive global, national and industry recognition, exposure to influential brands and executives, remote networking - including one-on-one introductions with other winners, and promotion across the Dun & Bradstreet global communications channels.
The 2021 number one, Atom Bank, was the UK's first app-based, digital-only 'challenger bank' with a full regulatory licence. During the year, it reported a three-year CAGR of 838%.
Three judges separately gave companies a mark out of 10, with finalists given a score for innovation as well as corporate social responsibility. Organisers then averaged individual scores to determine the winner.
Judges absented themselves from discussions where they have a vested interest, according to Dun & Bradstreet.
Read a write-up on CRN UK's ChannelWeb news website here.