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01 October 2007, 5:24pm

Fast growing Masternaut celebrates Sunday Times Tech Track 100 listing

Vehicle tracking solutions business Masternaut has been named as one of the UK’s fastest- growing technology companies, in only its fifth year of trading.

The annual ‘Sunday Times Tech Track 100 list’ ranks the Leeds-based telematics supplier at number 63. With profits exceeding £1 million against a turnover of over £14 million, more than 100 employees and a customer base of 1,200 organisations, Masternaut has become the UK’s key provider of vehicle tracking and mobile software solutions.

Masternaut's easy-to-implement and easy-to-use telematics solution does not require customers to make large IT infrastructure investments, an advantage which has helped the company attract blue chip clients such as British Airways and United Biscuits. Customer satisfaction has proven key to Masternaut’s success, with clients citing a host of benefits including significant cost savings, improved employee safety, instant access to real-time information and the ability to thoroughly analyse performance and boost efficiencies.

Martin Port, Managing Director of Masternaut, said he was delighted the company had made such an impact in its first five years, culminating in a place in the Tech Track 100 league. “Our selection demonstrates that we are an extremely successful, ground-breaking company with a sales record to prove it. We couldn’t have received this accolade at a better time as this month we celebrated our 5th Birthday.” he said “This award has been achieved by the hard work, dedication and passion of the Masternaut-Three X team. Our subscriber base will soon reach over 40,000 and is rising rapidly,” said Port. “This success is due to providing our customers with the very best level of service and innovative solutions that meet their needs, and highlights that Masternaut is a company that is leading the telematics pack in the UK.”

Masternaut's impressive customer list includes larger enterprises such as Coca-Cola, Carillion and Unipart, but its telematics services are not just for big companies. Smaller firms are also gaining the benefit of implementing the company's satellite tracking services, and more than 100,000 vehicles in the UK and Europe already use its real-time tracking technology.

The company is constantly developing innovative services, with recent developments including the GreenerFleet solution to help fleet operators reduce their carbon footprint, and a significant partnership between its mobile computing division Three X and O2 that has led to signing a £4 million deal with the mobile network giant.

The Microsoft Sunday Times Fast Track 100 is compiled by Fast Track Ltd, an independent company which works with the Sunday Times to audit nominated companies and rank them according to growth.

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