Tech Track 100

Founded in 2008, this Watford firm designs and makes cloud-based video conferencing systems and software for meeting rooms, desktops and mobile devices. Telecoms entrepreneurs Mark Loney, 49, William MacDonald, 53, and Mark Richer, 54, had previously formed the video conferencing business Codian, which appeared in Tech Track 100 in 2007 before being bought by Norway’s Tandberg for $270m. In May last year the company raised $40m from Highland Europe and Grafton Capital. Overseas expansion has propelled growth for the firm, with its presence in 50 countries driving sales to £11.4m in 2017.

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Company details
ActivityVideo conferencing platform
Average 3 year sales growth86.89%
Latest sales £000s11,427

If applicable:

* supplied by company † annualised figure