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November 24, 2020

Cutover named one of the UK’s fastest growing technology companies in 2020

Deloitte recognized Cutover at 19th place in its Technology Fast50 Awards, one of the UK’s foremost technology awards programs.

Cutover has been placed 19th with Deloitte’s Technology Fast50 program, recognizing its rapid revenue growth, innovative platform, and dedicated progress in supporting the financial services network to plan, orchestrate and analyze complex work at pace. 

The award, celebrating innovation and entrepreneurship, recognizes the UK’s fastest-growing technology companies with the highest revenue-growth percentage over the past four years. Cutover ranks 19th on the list of dynamic technology players across industries, with this accolade highlighting how far the company has come in delivering positive outcomes for financial institutions.

Ky Nichol, Cutover CEO, said: 

“This is a fantastic and deserved accolade for Cutover. I’m proud of what our team has achieved over the last four years and humbled to be working with some of the most innovative organizations across the world. Being recognized amongst other leading technology pioneers in Deloitte’s Technology Fast50 highlights our potential to continue to build a brand known for its excellence in supporting organizations on their technology journeys. I think we are really at an inflection point in the industry, and I’m excited we have the opportunity to drive the future of human and machine orchestration to enable organizations in financial services and beyond to reduce risk, simplify complexity and enhance visibility.”

Duncan Down, lead partner for the Deloitte UK Technology Fast 50 program, said: “The Deloitte UK Technology Fast 50 is internationally revered as one of the most important business awards in the industry. The 50 fastest growing UK technology companies, as ranked by Deloitte, generated around £2.2bn in total annual revenues in the year 2019/20 and employed more than 10,400 people. The Deloitte UK Technology Fast 50 recorded an average three-year growth rate of 2,898 percent.” 

Cutover, a cloud-enabled work orchestration, and observability platform enables organizations to innovate at pace with operational resilience, and earlier this year announced that Barclays had joined Index Ventures in its $17 Million Series A funding round. With Series B on the horizon, and many global banks and leading top tier organizations on board, Cutover continues to solve some of the most fundamental challenges for enterprises such as evolving operational resilience practices, managing technology change, migrating to a hybrid cloud model, wider digital transformation and automation.

About Deloitte

In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press. For more information, please visit www.deloitte.co.uk

About the Deloitte UK Technology Fast 50

The Deloitte UK Technology Fast 50 is one of the UK’s foremost technology award programs. Now in its 23rd year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. The UK Technology Fast 50 is part of an international program run by Deloitte and qualifying entrants of the UK Fast 50 will be put forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East, and Africa) program. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from internet specialists to biotech, digital media technology to life sciences, computers to semiconductors, and software to telecommunications.

For more information visit www.fast50.co.uk.  

About Cutover

Cutover is the Work Orchestration and Observability platform that drives greater business outcomes with a new model of working. We orchestrate humans and machine automation to improve performance and radically compress timelines. We have proven success in helping world-class organizations with transformation, technology delivery and release, operational resilience, and business change. Cutover uses automated runbooks to plan, orchestrate, and analyze complex work. Our customers replace the chaos of multiple spreadsheets and fragmented communications, with a single intuitive platform. Teams can achieve more in less time, making more efficient use of resources. Real-time visibility and detailed analytics deliver greater control, precision, and agility. This enables organizations to move quickly with confidence, reducing the risk of disruption and customer-facing incidents. 

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