Dating site Lovestruck.com has been named the fifth fastest growing technology company in the UK, according to the Deloitte Technology Fast 50.
The Deloitte Technology Fast 50 is one of the UK’s foremost technology award programmes. Now in its sixteenth year, it is a ranking of the country’s 50 fastest growing technology companies. The result is based on five years’ revenue growth from 2008 to 2012. Founded in London in 2006, Lovestruck was also placed second the Internet category.
The 50 fastest growing UK tech companies generated over £672 million in total annual revenues, provide jobs for over 5,000 people and recorded an average five-year growth rate of 1382 per cent in the year 2012/13. Three years ago the focus was on managing cash flows and surviving, but now the focus is on financing for growth and R&D.