Last night (7/11/2017), the Sunday Times Hiscox Tech Track Listees were honoured at an awards dinner in London. Bede was placed at 76 on the league table of Britain’s fastest growing tech companies.
Bede was recognised for its impressive growth and successes since its inception in 2012. The award is a nod towards its cutting edge platform for operators in the online gambling industry. Currently powering some of the biggest brands globally, Bede processes tens of millions of transactions per month.
The evening celebrated some of the most outstanding, and exciting, privately-owned businesses in the technology, media and telecoms (TMT) sector. The total turnover of the 100 companies featured in the league table this year was £2.9bn. A figure that has increased from £414m in 2001, showing the growing success of the tech sector.
Gary Head, MD, Alternative Distribution at Hiscox Insurance, said in his introduction to the attendees, “The companies making up this year’s league table are testimony to the great depth of entrepreneurial experience in the TMT industry. Such a breadth of skills and experience matters more than ever, as the widespread adoption of internet-based technology means almost all businesses are tech companies now. Congratulations to all the companies featured this year.”
Michael Brady, CEO of Bede Gaming, added, “It was great to meet with such titans of the British technology industry and a proud day for Bede Gaming to be in such company. The breadth of knowledge in the room was inspiring and my thanks go out to The Sunday Times and Hiscox for this recognition.
Bede Gaming continues to grow an innovative technology business to service the International Gaming market whilst staying close to its roots in the North East of England.”
The Rank Group plc reported digital growth of 19% for the 16 weeks to 15 October 2017 at their Annual General meeting today.
Digital revenues at Grosvenor Casinos was up 34% and Mecca Bingo’s online operations were up 11%.
Rank moved their entire digital operation to Bede in March 2016 and has seen strong growth since that point.
Michael Brady, chief executive of Bede Gaming, said: “We are delighted that Bede’s biggest client is seeing such excellent digital growth and we look forward to supporting them in the years to come, both online and in their retail offering.”
Both Rank chief executive Henry Birch and his digital team have publicly stated that Rank’s digital growth has been strongly enhanced by Bede’s platform. Adam Joseph, director of digital operations for Rank, has said: “The perceived risk of moving to newer technology was unfounded. Bede allows us the flexibility, speed and control we need to amplify our digital plans and we look forward to continuing our work with them to see how much they, and we, can grow in the future.”
Ivor Jones, leisure analyst at Peel Hunt, wrote in a note to clients this morning: “The digital speedboat continues to grow and have an increasing impact on the growth of the liner it is pulling along. The best is yet to come, with single wallet completing the digital transformation project and giving management the tools to monetise the substantial player base of the offline
Business. We reiterate our Add recommendation.”