Neverfail Group

This Berkshire company claims its Neverfail software can detect when an application is about to fail. The firm was founded in 1993, and its technology is installed on Blackberry servers used by staff at such companies as Vodafone. It is also sold by O2. Led by chief executive Peter Parker, the company has received recent funding from venture capitalists Fidelity, Advent and the Stockford Group. International expansion, as well as the growing popularity of Blackberrys, have helped sales rise 84% a year from £1.2m in 2005 to £7.2m in 2008.

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
Year2008
Rank31
CompanyNeverfail Group
ActivityBusiness software developer
LocationBerkshire
Average 3 year sales growth83.70%
Latest sales £000s7,154
Staff150
Founded1993
Websitewww.neverfailgroup.com

If applicable:

* supplied by company † annualised figure