By Claire West
m-hance, a leading provider of innovative business software solutions to mid-market organisations, has been listed in The Sunday Times Hiscox Tech Track 100 for the first time.
m-hance has been ranked alongside companies such as Lycamobile and MusicMagpie in the prestigious league table which recognises the fastest growing private technology, media and telecoms companies in the UK.
Now in its twelfth year, The Sunday Times Tech Track 100 league table (compiled by Fast Track) ranks Britain’s 100 private tech (TMT) companies with the fastest-growing sales growth over the last three years. In order to qualify companies need to be unquoted, independent and registered in Britain. m-hance is one of only three software providers to make the list.
m-hance was formed in November 2011 through a series of acquisitions and is supported by 230 staff in offices throughout the UK, Ireland, the United States and India. These acquisitions, in addition to the company’s strong organic growth and reoccurring revenues, have seen m-hance’s sales grow by over 45%, from £3.1m in 2008 to £9.6m in 2011. Sales from m-hance’s innovative business software portfolio which includes financial management, CRM, enterprise social networking and cloud-based solutions and services, are anticipated to reach £22.2m in 2012.
Mark Thompson, CEO of m-hance, comments, “Being listed as a Tech Track 100 company is a tremendous achievement for m-hance and further signifies our emergence as the software provider of choice for the UK mid-market. I would especially like to thank our hardworking staff, loyal business partners and customers for their tremendous support in contributing to our success. They can be reassured that we will provide them with the same high levels of support, flexibility and innovative solutions that they have been demanding to enable them to cut costs, improve efficiency and strengthen their competitive advantage.”
Thompson continues, “2012 has been a landmark year for m-hance. We have launched our own innovative range of integrated cloud, mobile and social ERP solutions, gained some major new business wins and have made significant progress in improving our products and services that deliver real, tangible return on investment savings for our customers. We will continue to invest strongly in our solutions to drive further productivity benefits, whilst seeking to make strategic acquisitions to strengthen our market position.”