Tech Track 100

Financial-services firms such as investment banks rely on increasingly rapid transfer of data. Vtesse Networks designs and builds private optical networks that connect corporate-data centres. It uses advanced optical technologies that transmit data at up to 8,000 times the speed of the fastest broadband. Other benefits include virtually unlimited bandwidth, constant availability and high security. Founders Aidan Paul and Alan Twite have grown their Hertford company with £6.5m from personal funds and individual investors. New customers and an average contract size of £1m have pushed up the company’s sales 171% a year from £2.4m in 2004 to £17.3m in 2006.

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Company details
CompanyVtesse Networks
ActivityNetwork services provider
Average 3 year sales growth170.62%
Latest sales £000s17,315

If applicable:

* supplied by company † annualised figure