M247 has been ranked as the ‘Best Performing Telecoms and Networks Company’ and 7th overall in the 2017 megabuyte50 private company scorecard rankings

Megabuyte was founded in 2007 to fill a gap in the market between stock-market and industry research. Today, Megabuyte is a highly-respected independent research provider tracking the corporate and financial affairs of some 600 of the UK’s key public and private companies in the ICT Services and Software sectors. Megabuyte’s founder and CEO, Ian Spence, is one of the technology sector’s most established and respected financial analysts and Megabuyte itself widely regarded as one of the sector’s most authoritative commentators.

Lee Perkins, CEO at M247 commented, “We are so pleased to be ranked in the megabuyte50 awards and to be the top performing telecoms and networks company. It has been an exciting year for the company; following on from the acquisition of Venus Business Communications, our rebrand to M247 and the launch of our premium radio services in London.

We are constantly growing and developing to make sure we are empowering our customers. We send our congratulations to all the other business who made the list, it is a real privilege to be ranked alongside these outstanding companies.”

The megabuyte50 awards are an annual event and an independent ranking of the UK’s best-performing, privately-owned technology companies. As well as listing the 50 best performing companies overall, the awards also recognise individual excellence across several different performance categories.

Rankings are compiled using Megabuyte’s proprietary Megabuyte Scorecard methodology, which scores companies against seven key growth-related financial KPIs. The rigor of Megabuyte Scorecard analysis, combined with a specific focus on pure-breed technology companies, have made the megabuyte50 awards the most influential benchmarking reference in the UK technology sector. The megabuyte50 awards are one of three award series run by Megabuyte alongside the Megabuyte Quoted25 awards, which identify the UK’s best-performing quoted technology companies independently of share price performance, and the Megabuyte Emerging Stars awards which identify the UK’s best-performing technology scale-ups.

M247’s top Megabuyte Scorecard ranking makes it the best performing telecoms and networks company out of 7 who appear in the 2017 Top 50.

View the full Top 50 list here.

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