Bristol software firm Deazy named UK’s 40th fastest-growing technology company

Published by

Peter Davison

Andy Peddar

Bristol-based Deazy has been ranked number 40 in the 2023 Deloitte UK Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK.

It is the second consecutive year it has been placed in the prestigious listing.

Rankings in the Deloitte Fast 50 are decided on percentage revenue growth over the last four years.

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Deazy, a curated marketplace of development talent, grew 750 per cent during this period.

Deazy connects enterprises, scale-ups and agencies with high-quality development teams, handpicked to provide the broad technical expertise and greater capacity and flexibility that is so important.

“The more that technology dominates the enterprise, the more that those enterprises need fast access to the latest tech talent and skills to keep projects on track and get new initiatives off the ground,” said Andy Peddar, the CEO of Deazy.

“Our model is the perfect fit for modern enterprises, giving them access to the required skill sets and being flexible enough to be scaled up or down according to need. In a year when business costs have increased, enterprises need a supplier they trust implicitly, and our flexibility, consistency, capacity and affordability have become even more in demand.”

Kiren Asad, lead partner for the Deloitte UK Technology Fast 50 programme, said: “The impressive growth amongst this year’s Fast 50 companies demonstrates the continued tenacity of the UK’s technology industry, despite ongoing economic headwinds, as it cements itself amongst the top locations for venture capital investment globally. The Deloitte UK Technology Fast 50 awards acknowledge and showcase the talent and innovation of tech businesses across the country.

“The 50 fastest growing UK technology companies, as ranked by Deloitte, generated £808mn in total annual revenues in the year 2022/23 and employed almost 15,000 people. The Deloitte UK Technology Fast 50 recorded an average four-year growth rate of 5,473 per cent.”

Deazy is poised for further growth in 2024, with the demand for enterprise-ready, agile tech talent unlikely to go away soon.

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Deazy recently launched research with UK Chief Technology Officers - State of Development Landscape and Trends for 2024 – which revealed that almost three-quarters believe there is a lack of quality developers in the market.

“A lack of tech talent has been an issue for years, but it feels like we could now be approaching crisis point,” said Andy.

“A combination of Brexit, GenAI, the lightning pace of tech, a lack of industry diversity and long-term issues around the education system’s ability to create strong candidates have created a perfect storm. Organisations need to put in place measures that address this in the longer term and plug gaps in the short-term to ensure projects don’t suffer.”

Peter Davison

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country. An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts. Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.