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Tech City UK names Global Personals Ltd in Future Fifty fast-track

- List of ‘high potential growth-stage companies’ delivering significant economic impact -

 

Windsor/London, 06 December, 2013: Tech City UK has named Global Personals Ltd in the second wave of 25 companies to join the Future Fifty programme, which matches high potential growth-stage businesses with bespoke public and private sector support to fast-track their growth, delivering significant economic impact to the UK.

Selected by a 17-strong independent advisory panel, The Future Fifty is made up of innovative technology businesses transforming sectors ranging from ecommerce to medicine and media, including household brands such as PhotoBox, Matches Fashion and ChemistDirect.

The announcement coincides with the publication of a new report which highlights the rapid growth of Tech City from a local initiative created three years ago to establishing itself as the digital capital of Europe[1]. Independently produced figures from the report highlight how London tech companies are contributing to economic growth, inward investment and high value jobs across the country.

The Future Fifty are leading a movement that is seeing increasing numbers of technology scale-ups primed to take advantage of recent innovations such as the High Growth Segment and the scrapping of stamp duty on AIM shares, making UK listings more attractive for growing tech businesses.

Joanna Shields, CEO of Tech City UK and Ambassador for Digital Industries said:

UK Government policies and programmes have already resulted in a record number of new technology companies being started. The companies on the Future Fifty programme prove that we have moved beyond a few digital start-ups to nurturing world-class high growth businesses across many sectors – all of which have one thing in common: they are digital at their core and they are powering ahead to generate long term sustainable growth and jobs in the UK.

With this tremendous package of support from the public and private sector built around their individual needs, the programme aims to help them continue to scale rapidly and lay the foundations for their next major liquidity event.

Xavier Rolet, Chief Executive of London Stock Exchange Group said:

I am delighted to support Tech City UK’s third anniversary today. The UK can proudly boast a number of innovative, high-growth companies that are helping to drive the economy forward, and the latest round of companies in Tech City UK’s Future Fifty are testament to this. Initiatives championed by LSEG, such as the inclusion of AIM shares in ISAs, are helping simplify access to capital markets, so that Future Fifty companies and others can continue to grow and provide jobs.

Ross Williams, Co-founder and CEO of Global Personals said:

We’re honoured that Global Personals has been selected to be part of the Future Fifty cohort. The business has experienced huge growth in the last year and we look forward to the opportunities and support that the Government and Tech City UK can provide the Future Fifty group.

The Future Fifty programme was launched in April to accelerate the success of high-growth tech businesses. It connects the dots on all the government has to offer. The UK government has some of the best and far-reaching support for entrepreneurs in the world; the programme provides a single point of contact across Government as well as range of private sector delivery partners, matching companies with publicly funded schemes and incentives relevant to their stage of growth and specific needs.

The first 25 companies to join the programme were announced in October. Of these, five have just returned from the Prime Minister’s trade mission to China.

For the full lineup of Future Fifty companies visit www.FutureFifty.com.

Future Fifty

Note to Editors:

About Global Personals Ltd

Launched in 2003, Global Personals Ltd is one of the largest privately owned online dating companies worldwide. With annualised revenues approaching £50 million, the company currently employs over 150 full time staff and owns and operates an online dating and bingo portfolio includingJustSingles.com, DatingAgency.com and SmoochBingo.co.uk, whilst its B2B service,WhiteLabelDating.com, offers a platform for brands and individuals to power their own dating sites.WhiteLabelDating.com provides the dating software, membership database, payment processing, customer support, hosting infrastructure and much more. You provide your brand, website design and marketing and we do the rest.

The company has received a collection of accolades including fastest growing company in the South East, UK, in the Deloitte Technology Fast 50 and Deloitte Technology Fast 500 EMEA (2010-2013), highly ranked in The Sunday Times Virgin Fast Track 100 (2010-2012) and the European Media Momentum Top 50 (2011- 2013). WhiteLabelDating.com has also won ‘Best Dating Software Provider’ for three consecutive years (2010-2012) at the industry awards, iDate.

About Tech City UK

Tech City UK supports the existing tech cluster in London by helping the businesses based there to scale and grow, bringing international companies and investors to Tech City and supporting companies based in London to expand overseas. We support entrepreneurs with practical advice and guidance on everything from location to contacts, talent development and mentoring.  We also help companies make international connections, with tailored advice and guidance on exports and through the links we have with UK Trade & Investment (and their 94 consulates and offices around the globe). The organisation also represents the views of the business and tech community to Government, feeding in to and helping shape national policy that promotes enterprise and growth. www.techcityuk.com

About the Future Fifty

The Future Fifty was launched in April by the Chancellor George Osborne and Joanna Shields, UK Ambassador for Digital Industries and CEO of Tech City UK. The programme connects high-growth companies with expertise and tailored support to enable them to scale rapidly and lay the foundations for their next major liquidity event. www.futurefifty.com


 

[1] Last year, compelling research into 50,000 startups from the Startup Genome and Telefónica Digital indicated that London is by far the largest startup ecosystem in Europe.


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