Chameleon named among fastest-growing technology companies in the UK


Chameleon named among fastest-growing technology companies in the UK

Chameleon Technology has been named as a winner in the Deloitte 2018 UK Technology Fast 50 Awards.

The awards recognise and rank the 50 fastest-growing technology companies in the UK, based on the last four years of revenue data, and are sponsored by DLA Piper, Oracle NetSuite and Silicon Valley Bank.

This year’s cohort of winners represent companies at the forefront of the sector, with over 9,000 employees across the 50 companies, an inspiring average growth rate of 2,176% and total revenues in 2018 of c.£1.2bn.

Chameleon is one of only two Yorkshire-based businesses to make the top 50 and ranked at number 37.

The business has grown by 713% in the last four years and has also been awarded the European Home Energy Monitor of the Year Award for three consecutive years.

Managing Director Mike Woodhall, said: “Appearing in the Deloitte Fastest 50 for the first time will bring valuable recognition of the team’s hard work and innovation. Chameleon’s transformation from in-home display manufacturer to leading energy tech company is due to our focus beyond in-home displays to how real time energy data from smart meters will help unlock the benefits of the digitisation of our energy system for consumers and businesses.”

Matt Hughes, partner for Deloitte in Yorkshire, said: “It’s a fantastic achievement for the company to be recognised in the Deloitte Fast 50 as one of the fastest growing technology businesses in the UK. It has performed phenomenally well in the last few years and demonstrates the benefits of embracing technology to drive innovation in the sectors.’’

“Hopefully Chameleon’s inclusion will act as a catalyst for more of our region’s technology pioneers to feature in future awards.”

Duncan Down, lead partner for the Deloitte UK Technology Fast 50 programme commented: “We are now in our third decade of celebrating the country’s fastest-growing technology companies through the UK Fast 50 awards, and the rate of growth continues to impress. The UK start-up scene is in excellent health, with strong access to talent and funding. What impresses me most is the rate of growth, with the time from establishment to ‘unicorn’ status continuing to reduce. I would like to personally congratulate all of the winners and entrants for this year’s awards.

For more information and to view the full list visit www.fast50.co.uk

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