Future Fifty select Masternaut

Monday, December 9, 2013 - 12:00
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SELECTED: Martin Hiscox, MD of Masternaut

Masternaut have been selected as the only telematics provider to join the government’s growth-stimulating Future Fifty programme.

Future Fifty, run by Tech City UK and launched last week by David Cameron, offers support to aid growth, create jobs and deliver significant economic impact to the UK.

Tech City UK has been created to promote successful innovative companies abroad and represent the fastest-growing cluster of high-tech companies in Europe.

Martin Hiscox, Chairman and CEO of Masternaut, 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.

“2013 has been a busy year for Masternaut – we’ve launched our brand new telematics platform, Masternaut Connect, made a significant acquisition and are seeing rapid ongoing expansion across Europe.

“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 were 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.