This London company’s software maps the complicated relationships between the components of an IT network, allowing users to identify inefficient hardware and software and upgrade their systems to make them work better. This helps customers such as JP Morgan and BT to reduce IT costs. Tideway Systems completed its third funding round in April, raising £13.5m from a consortium of investors led by Scottish Equity Partners. Under the leadership of founder and chief executive Richard Muirhead, sales at the company have grown 184% a year from £401,000 in 2004 to £9.2m in 2007.

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Company details
Year2008
Rank6
CompanyTideway Systems
ActivitySoftware developer
LocationCentral London
Average 3 year sales growth184.01%
Latest sales £000s*9,188
Staff110
Founded2002
Websitewww.tideway.com

If applicable:

* supplied by company † annualised figure