Fast 50 2005

Select Software UK Ltd, ranked 39^th Fastest Growing Technology Company in the London and Southern Region in the 2005 Deloitte Technology Fast 50                       

Select Software UK Ltd attributes its 240 percentage revenue growth to its commitment to product development and the dedication of its staff.

Select Software UK Ltd today announced that it ranked Number 39 in the 2005 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in the London and the Southern Region.  Rankings are based on average percentage revenue growth over 5 years, from 2000 to 2004.  Select Software grew 240 percent during this period.

Select Software’s Managing Director, Julian Kirkness, credits the passion and enthusiasm of the company’s staff and the strong commitment to continual product development with the company’s 240% revenue growth over the past 5 years.  He said, “We are delighted to be recognised for this award especially as we are the only Human Resources software company in the region to reach the Fast 50 and our growth has been entirely self-financed.  This is a tribute to the outstanding effort made by everybody on board”.

“Growing the top line enough to make the Deloitte Technology Fast 50 is especially meaningful during tough economic times for the technology sector”, said William Touche, Technology, Media & Telecommunications Partner for the London and Southern Region.  “We congratulate Select Software UK Ltd on becoming one of the 50 fastest growing technology companies in London and the Southern Region.  Making the Deloitte Technology Fast 50 is a testament to a company’s commitment to technology,” he continued.  “With its 240 percentage growth rate over 5 years, Select Software UK Ltd has proven that its leadership has the vision and determination to grow in difficult conditions.” 

Fast 50 Selection and Qualifications 

The Fast 50 list is compiled from Deloitte’s nominations submitted directly to the Fast 50, and public company database research.  To qualify for the Fast 50, entrants must have had 2000 operating revenues of at least £35,000.   Deloitte researchers examined financial statements to validate operating revenues.

Entrants must also be public or private companies headquartered in a participating region of the UK and must be a “technology company”, defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology.  Using other companies’ technology in a unique way does not qualify. 

About Select Software UK Ltd 

Select Software is a specialist supplier of leading edge Human Resources and Payroll software.  Established in 1996 to meet the needs of organisations requiring innovative software that provides real business improvements.  Select Software has a broad customer base across the UK with products covering all aspects of HR and payroll including self-service and pro-active workflow. 

The Select HR products utilise the latest technology providing software that is easy to use, flexible, provides powerful reporting capabilities and fits neatly into the IT infrastructure of most organisations.  Select Software has a strong commitment to research and development and is continually releasing new features, tools and interfaces.   

For further information on Select Software products please visit our website at www.selecthr.co.uk or contact us at:

Select Software UK Ltd

Lombard House

12-17 Upper Bridge Street

Canterbury

Kent

CT1 2NF

Tel: 08701 660333

Email:  sales@selecthr.co.uk 

About Deloitte 

In this press release references to Deloitte are references to Deloitte & Touche LLP. 

Deloitte & Touche LLP is based on 21 UK locations, with over 9,500 staff nationwide and fee income of £1,355 million in 2004/05.  It is a member firm of Deloitte Touche Tohmatsu, a leading professional services organisation, delivering world class audit, tax, consulting and corporate finance services, with around 120,000 people in over 140 countries.  Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity.   

Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority. 

The information contained in this press release is correct at the time of going to press.