Deloitte Names OnBuy Fastest Growing Tech Business In The South West
Online marketplace OnBuy.com saw an impressive win at last night’s Deloitte Tech Fast 50 Awards 2021, being recognised as the fastest growing tech business in the South West, one of the leading UK regions for technology businesses.
“The extraordinary growth of this year’s Fast 50 represents the remarkable tenacity of the UK’s technology industry. Deloitte’s 2021 Fast 50 awards are a clear demonstration of the wealth of talent, creativity, and entrepreneurship in the UK’s technology industry today.
“Achieving sustained revenue growth of 479% over four years is a tremendous accomplishment,” said Lizzie Hill, Fast 50 Lead partner for the South West region.
Accepting the award on behalf of the business was founder and CEO, Cas Paton, who was delighted with the prestigious ranking.
“We’re incredibly proud to take home the regional title,” commented Paton. “Our journey has seen fast-paced growth and lots of change over the past year, and winning this globally recognised award signifies just how far we have come in changing the face of eCommerce.”
The Deloitte Technology Fast 50 is one of the UK's foremost technology awards programmes, celebrating innovation and entrepreneurship. Paton was thrilled with the win as OnBuy was selected from hundreds of potential winners from the region.
The South West region of the UK was recently named as ‘The next Silicon Valley’, with it being home to some of the biggest tech firms in the UK. The likes of Nokia, Vodafone, Amazon, HP, Sony and BT all have operations based in the region.
“The South West has established itself as one of the leading UK regions for technology business and startups, so being named as the fastest growing tech business in this region makes the win even more significant for us,” Paton added.
For a fast-growing online marketplace like OnBuy, every technological development and improvement matters. The brand invests heavily in developing the site and this year saw the appointment of a new Chief Technology Officer, Jo Smith, who will drive even further innovation in OnBuy’s tech enhancements. A recent example being the deployment of a suite of data science led search developments, which generated an additional £5.5m in revenue for its retailers.
The results of the Deloitte awards were announced at the grand Pan Pacific Hotel in London, where winners of the ranking were able to network face to face. Mark Lister, CCO of OnBuy, attended the event with Paton and commented, “It was brilliant to be able to receive this prestigious award in person. I’m very aware of the enormous talent pool that has been considered for this ranking, and I’m sure the whole team will be delighted that we’ve topped the list as a regional winner.
“It has been a big year for OnBuy, but the real excitement starts now. We have so many company milestones coming to life imminently and we can’t wait to start sharing the news with you all.”
The award win follows a highly successful award season for OnBuy, recently taking home the Business Leader Entrepreneur of the Year award and the PCR Online Retailer of the Year award last month, as well as being highly commended at the Barclays Entrepreneur of the Year awards 2021.