The Sunday Times Hiscox Tech Track 100 published in The Sunday Times, Sunday 7th September 2014
2014 has been the most successful year to date for Condeco with a 45% annual sales increase since 2011. This achievement has been rewarded by The Sunday Times prestigious Hiscox Tech Track 100, which ranks Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales.
Condeco reached number 84 on the league table due to a growth in sales from £3.4million in 2011 to £10.2million in 2014.
Global expansion also played a key role in helping Condeco’s successful sales increase, with two new offices opening up this year alone in the US and Middle East.
Condeco offer workplace utilisation and management solutions that will help businesses to significantly reduce their real estate costs and maximise workplace efficiency through better utilisation of meeting rooms and workstations.
Some of the world’s biggest companies, including Diageo, Pepsi, Unilever, GE and Sky, use Condeco’s software and digital signage products to book and manage their meeting rooms, breakout spaces and desks.
To ensure Condeco remain a market leader, the business invests £2million per year into the research and development of new and existing products. This creates the most feature-rich and versatile workplace management solutions available for businesses.
Steve Langan, managing director of Hiscox UK and Europe, the title sponsor of the league table said:
“It takes a number of qualities to be recognised as a Tech Track 100 business. Having well defined company values, a focus on nurturing talent, achieving customer satisfaction, and an eye on future-proofing your business are all-important attributes. Many former Tech Track 100 companies have gone on to become standout successes, and this year’s listing is equally exciting. Every single one of these businesses is contributing to the UK economy, and that should give us all confidence that Britain’s tech scene is in rude health.”
Paul Statham, Managing Director of Condeco commented:
“Although the past few years have been fast paced, we have also demonstrated the importance of organic growth too, investing in people, client relationships and R&D. I believe these are the key ingredients to building a successful and profitable business.”
However, Paul also comments on how external factors and the changing business world has aided the growth of Condeco, he says:
“We have to owe some our success to market demand too – at a time where commercial building costs are almost as high as salaries, any business, whether a FTSE listed or otherwise would be crazy not to evaluate the operations and usage of their real estate. Condeco develops clever technology but it meets a very real business need.”
“This is a tremendous achievement for Condeco, which every part of the business has committed to. I am very proud.”