By Claire West

Tracesmart, one of the UK's leading consumer data specialists, was nominated for the fastest growing company within the Creativeand Knowledge Industry category, and competed for the title of Wales's Fastest Growing Company at the 2010 Welsh Fast Growth 50 awards.

Mike Trezise, Tracesmart's managing director and founder commented: "To see Tracesmart placed within the top twenty fastest growing organisations in Wales is a real highlight in the company's history. Thanks to our investment in innovative technology and our pool of talented people, we have gone from strength to strength. Our maxim has always been ‘to be the best’, and we continually strive to improve our products and services so that we can offer real benefits, and strengthen our position in the marketplace."

Founded in 1999, Tracesmart provides online solutions and offers access to industry leading consumer data. Its B2B products are utilised by a large and diverse range of industries from SME to FTSE 100 companies across a wide range of business sectors. It provides organisations with the means for tracing people, finding lost account holders, conducting employee background checks and confirming people's identity.

Also founded in the same year that Tracesmart was established, the Fast Growth 50 Awards celebrated its twelfth anniversary with Wales's most successful privately owned companies. It aims to help Welsh businesses gain recognition and further support to help them develop, and bring further employment and opportunities into Wales.

Its founder, Professor Dylan Jones-Evans, said: "I am delighted that Tracesmart has qualified as one of Wales's fastest growing firms in 2010.

Through its continuous commitment to innovation and improving services, Tracesmart is exactly the type of business that the Welsh economy needs as we emerge from recession."

Speaking of Tracesmart's attendance at the Fast Growth 50 awards, Owen Roberts, head of public relations added: "The Fast Growth 50 Awards is the high point in the Welsh business calendar; it remains a constant reminder of the entrepreneurial potential that exists in Wales. We're extremely pleased that our recent rapid growth strategy has been acknowledged. This will give a real boost to all our employees, increase our profile and brand awareness and possibly help us enter new markets."