Fourth, a leading provider of cloud-based cost-control solutions to the hospitality industry, was crowned the UK’s leading independent cloud computing business by a panel of industry experts.
This was part of Cloudex 20:20, a search for the top 20 independent cloud computing companies in the UK, launched by Clearwater Corporate Finance’s specialist TMT team.
London-based Fourth was named the overall winner from a list of 20 finalists, ahead of Acturis, a software as a service (SaaS) platform for the insurance industry, and the European-wide online restaurant reservations service Livebookings.
Clearwater also selected Farnborough-based Skyscape Cloud Services as the ‘One to Watch’ because of its role played in enabling UK public sector organisations to take a more flexible approach to IT, delivering services in a more cost-effective way.
The winners were selected by a panel of industry experts from the Cloudex 20:20 list, which included leading companies that offer cloud-based services and SaaS.
The Cloudex 20:20 panel comprised serial technology entrepreneur and chairman Neville Davis; Steve Garnett, European chairman of Salesforce.com, the world’s leading cloud computing business; Stephen Warshaw, portfolio director at TMT specialist investor HgCapital; Angela Eager of TechMarketView; and Emma Rodgers, director of TMT market intelligence at Clearwater.
Emma Rodgers said: “We have been really impressed by the quality of cloud technology businesses that were in the running this year. Fourth, Acturis, Livebookings and Skyscape all demonstrated tremendous growth prospects and can deliver services on a global scale.
“The market for cloud technologies continues to grow as businesses realise the huge benefits of using the cloud. It was an honour to showcase some of the most innovative businesses that are among the fastest growing in the sector.”
Of the 20 businesses chosen by judges as the UK’s top cloud companies, 14 were in London and the South East, three in the North West, two in the South East and one in the West Midlands. The panel chose the businesses based on criteria including innovation, the amount of income derived from the cloud, customer base and turnover and profit growth.
Clearwater launched Cloudex 20:20 earlier this year in a bid to find the UK’s leading independently-owned cloud businesses. The advisory firm’s specialist TMT sector team set up the Cloudex Index in 2010, which tracks the fortunes of about 100 international listed software, services, hardware and infrastructure businesses.