News
MIG is the UK's fastest growing tech firm
Stuart O'Brien Sep 29 2008, 10:38am
Mobile service provider takes first place in the Sunday Times Tech Track 100.
Mobile Interactive Group has taken top spot in The Sunday Times' Tech Track 100 list, which profiles the UK's fastest growing technology companies.
The London-based mobile billing, apps, ads and service company is said to have grown 422.3 per cent in terms of annual sales growth and recorded £35.9 million in 2007/8 sales according to the list.
That compares to £300,000 in 2004/5.
The firm has nearly 100 staff.
MIG was founded in 2004 by ex-O2 employees Barry Houlihan, Anthony Nelson and Nick Aldridge with a £125,000 loan from the DTI and £250,000 from two business angels.
Overall, companies in the Tech Track 100 have increased their sales by an average of 81 per cent a year over a three-year period, to their latest available accounts.
The majority (73) of firms on the table were in profit, and 38 were backed by venture capital investors.
