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14 November 2012 | PR 12/202

CommAgility ranked number six fastest growing technology company in the UK in the 2012 Deloitte Technology Fast 50

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CommAgility’s Managing Director, Edward Young

CommAgility attributes its revenue growth to technology expertise and support from Loughborough University.

CommAgility, a mobile telecoms company founded in Loughborough University’s Innovation Centre has just been ranked number six in the 2012 Deloitte Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK. Rankings are based on percentage revenue growth over five years. CommAgility grew 2656 per cent during this period and is the winner in the Midlands region.

CommAgility’s Managing Director, Edward Young, credits the company’s advanced technology expertise as the main driver of its revenue growth over the past five years. He said, “In our market of mobile infrastructure, having a technology lead and the best products is vital, and I believe we’ve achieved that – selling products around the world, backed up by a top class UK based engineering team and the support of Loughborough University’s Innovation Centre since we were founded in 2006.”

CommAgility is a designer and manufacturer of high performance signal processing and RF modules for mobile telecoms applications. Customers around the world use CommAgility products to enable advanced R&D, develop test equipment, and build communication systems, all for a wide range of wireless standards including WiMAX, LTE and LTE Advanced.

David Halstead, Partner leading the Deloitte Technology Fast 50, said: “The Deloitte Technology Fast 50 gives great profile to technology companies and is internationally recognised as being one of the most important business awards in the sector.”

“The 2012 Deloitte Fast 50 shows that tremendous growth rates are still possible, with software sectors showing particular strength, they have had the greatest amount of entries in the past five years.”

“The Technology Fast 50 awards are an opportunity for businesses to gain recognition for their successes and achievements over the last five years. This year’s ranking highlights the importance of finding a niche product or service to beat the recession.”

“The awards are an opportunity for businesses to gain recognition for their successes and achievements. This year’s ranking highlights the importance of being innovative and finding a niche product or service, to beat the recession.”

Steve Rothberg, Loughborough University’s Pro Vice Chancellor for Enterprise, said:  “Our Science and Enterprise Park supports business at every stage of development through serviced workspace that grows with our tenants and seamless access to research expertise, student placements and graduates for employment.  CommAgility is an excellent ambassador for our Innovation Centre and we wish the company continued success.”

−ENDS−

For all media enquiries contact:

Anna Seddon
Marketing Manager (Enterprise)
Loughborough University
T: 01509 223445
E: A.J.Seddon@lboro.ac.uk 

Notes for editors:

* Growth rates are all over the last five years.

The full list of this year’s winners and winner breakdown by region and sector is available at www.fast50.co.uk

UK Deloitte Technology Fast 50
The UK Deloitte Technology Fast 50 ranks the 50 fastest-growing technology companies in the UK, based on percentage growth in stated revenue over five years. The programme is sponsored by Taylor Wessing, a leading International law firm with a focus on the industries of tomorrow, and Fidelity Growth Partners Europe, a venture and growth capital investor which backs technology entrepreneurs with aspirations for greatness across Europe. Frequently asked questions and details of the winning companies, including breakdowns by industry sector and region, will be available on www.fast50.co.uk

About CommAgility
CommAgility is a designer and manufacturer of high performance signal processing and RF modules for mobile telecoms applications. Customers around the world use CommAgility products to enable advanced R&D, develop Test Equipment, and build communication systems, all for a wide range of wireless standards including WiMax, LTE and LTE Advanced.

About Loughborough University
Loughborough is one of the country’s leading universities, with an international reputation for research that matters, excellence in teaching, strong links with industry, and unrivalled achievement in sport and its underpinning academic disciplines.

It was awarded the coveted Sunday Times University of the Year 2008-09 title, and is consistently ranked in the top twenty of UK universities in national newspaper league tables. In the 2011 National Student Survey, Loughborough was voted one of the top universities in the UK, and has topped the Times Higher Education league for the Best Student Experience in England every year since the poll's inception in 2006. In recognition of its contribution to the sector, the University has been awarded six Queen's Anniversary Prizes.

Loughborough is also the UK’s premier university for sport. It has perhaps the best integrated sports development environment in the world and is home to some of the country’s leading coaches, sports scientists and support staff. It also has the country’s largest concentration of world-class training facilities across a wide range of sports.

It is a member of the 1994 Group of 12 leading research-intensive universities. The Group was established in 1994 to promote excellence in university research and teaching. Each member undertakes diverse and high-quality research, while ensuring excellent levels of teaching and student experience.

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