Alphatec Software aims to ensure that the cheques you write are paid into the correct bank accounts. Founded in 1996 by Ted Taylor and Grant Browning in their homes, Alphatec began by providing consultancy and software to speed up the cheque-clearing systems of several banks. Ted Taylor is no longer with the company.

The company now provides software that enables payments to be made and cheques to be cleared between different banks. Its biggest customer is EDS, the outsourcing giant.

Sales at the Milton Keynes company grew 101% a year from £788,000 in 1999 to £3.2m in 2001.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2002
Rank46
CompanyAlphatec Software
ActivityPayment software developer
LocationMilton Keynes
Average 3 year sales growth100.90%
Latest sales £000s3,181
Staff42
Founded1996
Websitewww.alphatec.net

If applicable:

* supplied by company † annualised figure