publication date: Dec 12, 2011
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author/source: Talking Science Limited
NanoSight, leading manufacturers of unique
nanoparticle characterization technology, are in the Deloitte 2011 Fast 50 list
of the fastest growing technology companies in the UK. In the world of biotech,
NanoSight has made it to number one nationwide and overall is the fastest
growing of all technology companies in the South West and Wales region of the
UK.
NanoSight has been ranked in the Deloitte 2011 UK Technology Fast 50, which
recognises the 50 fastest-growing technology companies in the UK. The company
has also been named as a winner in the Technology Fast 500 EMEA 2011 rankings,
which recognises the 500 fastest-growing technology companies across Europe,
the Middle East and Africa. Both programmes are based on percentage revenue
growth over the last five years.
NanoSight has grown by more than 800 per cent over the past five years and
entered the league table for the first time at 38th in the list. The company is
the only South West firm in the annual ranking and the highest-ranking biotech
firm nationally.
NanoSight was founded in 2004 by Dr Bob Carr and John Knowles after Carr
discovered a technology which allows particles so small they could not be
detected by the best optical microscopes to be seen, sized and counted, in just
minutes, for a fraction of the cost of electron microscopes. The business was
initially supported by funding from Winchester-based venture capitalists
Shackleton Ventures and the Bristol office of Yorkshire Fund Manager Equity
Partners, supplemented by angel finance accessed through the South West Angel
and Investors Network (SWAIN) and London-based Lesmoir-Gordon, Boyle & Co.
Since 2005, NanoSight has grown sales by around 70 per cent annually, year on
year, and now employs 23 people in the UK. The firm sells its products all over
the world, with around 90 per cent of its sales outside the UK. The most
significant growth is in pharmaceuticals and life sciences, where budgets have
remained largely unaffected by the global financial condition. There are now
more than 400 NanoSight instruments in use worldwide and this number continues
to grow as the firm's products are cited almost daily in fresh academic papers.
Jeremy Warren, CEO of NanoSight, commented: "What we sell is unique, and
we estimate we are currently only in single digits in terms of percentage of
market penetration. So what limits our growth most isn't the market, but having
the technical and sales staff to go and sell! The South West has been the ideal
place for us to base our business as our universities offer the high-calibre
science graduates we're looking for to help us continue to develop the
business."
To find out about the company and to learn more about particle characterization
using NanoSight's unique nanoparticle tracking analysis solutions, visit
www.nanosight.com
and register to receive the next issue of NanoTrail, the company's electronic
newsletter
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