Masternaut has been selected to join the Future Fifty – a fast-track Government programme offering public and private sector support to aid growth, create jobs and deliver significant economic impact to the UK.
The Future Fifty consists of the UK’s most exciting, high potential growth businesses and is being run by Tech City UK, an organisation launched by the Prime Minister David Cameron and Chancellor George Osborne to promote successful innovative companies abroad and represent the fastest growing cluster of high-tech companies in Europe.
Masternaut is a pan-European leader in telematics and enterprise-grade, Cloud-based mobile resource management.
Martin Hiscox (pictured), Masternaut’s chairman and CEO, said: “The Future Fifty is a fantastic programme and a real testament to the government’s commitment to supporting UK business growth.
“We are very proud to have been selected for the programme – it’s not only recognition of Masternaut’s achievements to date, but of the whole telematics industry’s potential to shape the UK’s business landscape.”
It has been a busy year for Masternaut. It launched its brand new telematics platform, Masternaut Connect, made a significant acquisition and is seeing rapid ongoing expansion across Europe.
Hiscox continued: “The support we will receive from the Future Fifty scheme will be invaluable as we continue to expand, innovate and develop our product portfolio and enter new geographic markets.
“We will be continuing to invest heavily in R&D, delivering our customers more ways to drive tangible business benefits through the use of telematics solutions.”
Masternaut was selected for the programme following a rigorous selection process conducted by a 13-strong advisory panel of industry experts, investors, advisors and entrepreneurs.
Judges selected companies through a combination of quantitative and qualitative criteria, including financial performance, competitive positioning, product offering and strength of leadership team. Other companies listed alongside Masternaut include: Mimecast, NeoMobile, Horizon Discovery and Acturis.
The Future Fifty will provide concierge-style support to address key business needs along with a continuous programme of modular ‘opt-in’ business support and educational content and bespoke events.