Fast growing IC success

Communications integrated circuit company, Phyworks, has been listed in the Sunday Times newspaper as the fifth fastest-growing technology company in the UK. It is the only semiconductor business named in the Sunday Times Microsoft Tech Track 100 2009, and one of only four businesses in the South West of England to achieve the accolade.

The Sunday Times Microsoft Tech Track 100 is a league table compiled by Oxford-based research and networking events company, Fast Track. This year’s table was the sixth to be published. Companies were ranked by their compound annual growth rate and sales of their latest three financial years between 2005 and 2008.

Phyworks sales grow 168% over the period, with most of its of products exported, primarily to the US and China. The company’s integrated circuits bring high-performance, reduced size and power, and reduced cost to high-speed optical fiber and copper communications systems used in data communications and storage, and telecommunications. The company shipped its 20 millionth device in July this year.

Phyworks CEO, Stephen King, said, ‘We have world-class engineering here in Bristol and our team has developed transceiver and equalizer technology for high-speed networks that greatly improves their performance. Our growth is founded upon engineering excellence and a global perspective when it comes to marketing. The UK is a technology leader in communications and we’re proud to be recognized as contributing to that position.’

Mark Taylor of Microsoft, the title sponsor of the league table, commented: ‘It is great to see the privately-owned technology companies delivering sustained growth, and making a positive contribution to the technology industry as a whole, despite the economic slowdown.’