University of Reading-based tech firm 'one of fastest-growing in UK'
Release Date 26 November 2014
Technology company Fairsail, which is based at Reading Enterprise Centre at the University of Reading, has been included in the Deloitte 2014 UK Technology Fast 50. The Deloitte UK Fast 50 is one of the UK's foremost technology awards, recognising the 50 fastest-growing technology companies in the country.
Through its global cloud human resources management system, or HRMS, Fairsail has been hugely successful in helping fast-growing mid-size organisations transform the way they recruit, engage, manage and develop their workforces.
The University of Reading has a growing cluster of innovative, technology-based and growth aspirational companies in its business incubation facilities on its main campus at Whiteknights, Reading. The University's Reading Enterprise Centre and the Science and Technology Centre are purpose-built business facilities that are already home to some 80 companies, employing close to 500 people.
In July 2013, the University of Reading announced its commitment to further extend its business facilities by developing a new Science Park at the heart of the Thames Valley, with an investment of up to £50 million to establish the site infrastructure and put up the first buildings.
Thames Valley Science Park will play a key role in driving the region's knowledge economy, targeting technology-led companies seeking both a strategic location and access to the high-quality research and graduate support provided by the University.
Fairsail has been located on the Whiteknights campus for almost two years. Adam Hale, CEO of the company, said: "We are thrilled to be named in the Deloitte UK Technology Fast 50. Our treble digit growth in the last twelve months is evidence that we are enabling our customers to manage their complex modern workforces, while enabling responsive and agile growth."
Nick Harber, CFO at Fairsail, said: "We chose Reading Enterprise Centre as the base for our UK office because we wanted to be part of a community of thriving, like-minded businesses in a part of the country that offers huge economic potential. We've also had the opportunity to work closely with the University, which has been very beneficial."
David Gilham, Director, Thames Valley Science Park at University of Reading, said: "Fairsail was attracted to the Enterprise Centre with a clear vision of this being a good place for entrepreneurial, growth-orientated technology companies to locate and with a view, as the company established, to developing a number of partnership opportunities with the University. That Fairsail has achieved such phenomenal growth in such a short period of time is a real credit to the technology it has developed and the team behind it.
"It's wonderful to see companies developing and growing within our business facilities here at the University and it underpins our rationale for the development of the Thames Valley Science Park, where businesses will have the space to realise their full potential."