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Deloitte recognises CyanConnode as one of the fastest growing companies in the UK

Cambridge, UK: CyanConnode, the world leader in narrowband RF networks for Omni Internet of Things (IoT) communications, is the fastest growing tech company in Cambridge and the East region of the Deloitte UK Technology Fast 50 2017 and has been ranked in 22nd place.

With more than 1,221% growth, CyanConnode was also recognised as the fastest growing technology company in the UK Telecommunications sector.  This growth reflects the delivery of customer orders in India as well as the expansion of global reach and portfolio through the acquisition of Connode, in July 2016. The UK Fast 50 is one of the UK’s foremost technology awards programmes. Now in its twentieth successful year, it is an acknowledgement of the 50 fastest-growing technology companies in the UK.

John Cronin, CyanConnode Executive Chairman, commented: “In a highly dynamic market, it is a great achievement to be recognised at the top of the pack for technology companies within the UK. Through the effective leverage of the company’s technical competence, along with its ability to forge strategic partnerships with leading industry participants and a customer-centric approach, CyanConnode has successfully deployed smart metering in highly competitive business environments.

“In 2017, the company has announced customer wins in Europe and Asia, and it has turned out to be an excellent year for CyanConnode and its partners. Full rollout of existing contracts alone would create a significant revenue stream and drive profitability, and CyanConnode is at the start of a very large wave of both smart metering and IoT deployments.”

David Cobb, lead partner, Deloitte UK Technology Fast 50 and Technology Fast 500 EMEA Programmes commented: “The Deloitte Technology Fast 50 shines a spotlight on the UK’s fast-growing technology companies and is internationally recognised as being one of the most important business awards in the sector”.