Trio of LDC-backed businesses feature in Sunday Times Tech Track 100
11 Sep 2018
11 Sep 2018
LDC-backed ENSEK, Giacom and Love Energy Savings have all been named in the Sunday Times Tech Track 100, which recognises technology businesses that have recorded exceptional growth over the past three years.
This year marks a debut for Nottingham-based ENSEK, which placed 46th in the league table. The energy software developer, whose products are used by a fifth of the UK’s energy suppliers, has seen sales grow by 88 per cent over the past three years.
LDC backed the management buyout of ENSEK in October 2017 to enable the business to focus on product and new proposition development. Earlier this year the firm announced plans to collaborate with Centrica, one of the UK’s largest gas and electricity suppliers to both domestic and business customers.
It is also the second consecutive year Giacom has been recognised. The business climbed 14 places from 69th in 2017 to 55th in this year’s rankings. Over the past three years, the specialist cloud services marketplace has grown sales by 76 per cent, capitalising on the growing demand for cloud-based solutions among the SME market. It posted revenues of almost £14m in its latest financial year.
LDC first backed the management buyout of Giacom in May 2016 to help the business consolidate its market-leading position. In November 2017, it then reinvested for a minority stake alongside Livingbridge as it continues to support Giacom’s ongoing growth strategy.
Love Energy Savings is the third LDC-backed business to be recognised by the Sunday Times after it placed 71st in the rankings. On Monday, LDC announced a £25m investment in the energy price comparison specialist to further accelerate its organic growth.
Further information about this year’s Sunday Times Tech Track 100 can be found here: http://www.fasttrack.co.uk/league-tables/tech-track-100/league-table/