ParentPay was today unveiled as the 10th best-performing, mid-market technology company by Megabuyte, in their annual megabuyte50 private company scorecard rankings.
Megabuyte, an independent technology sector research provider, ranks privately-owned technology companies using its industry-leading Megabuyte Scorecard benchmarking methodology, which scores companies against key growth-related financial KPIs.
The Scorecard profiles for the top performing companies can be viewed in the official conference report.
Included within the megabuyte50 listing is the Megabuyte View of ParentPay: ‘ParentPay has jumped into the top ten of the megabuyte50 at the first time of asking following a strong period of growth, both organically and through acquisition. At the same time, the company delivers top quartile margins and above average cash conversion. Interestingly, the company is now turning its attention to opportunities to grow in European markets.’
ParentPay Group Chief Executive, Clint Wilson, commented: “It has been an incredible few years for ParentPay and I am delighted the business has been recognised in the top 10 of the UK’s best-performing privately-owned tech companies.
The megabuyte50 awards are highly respected and the independent rigour of the Megabuyte Scorecard benchmarking methodology makes ParentPay’s high ranking especially noteworthy.”
ParentPay is the UK’s leading provider of school online payment and parental engagement services to more than 13,500 schools and 5 million parents. Last year ParentPay was awarded “Tech Growth Business of the Year” at the UK Tech Awards 2017 and earlier this month, ParentPay CEO, Clint Wilson, was recognised as the EY UK Entrepreneur of the Year in the Scale-Up category.
Megabuyte is an origination, transaction support and data analytics platform enabling investors, advisers and CXOs to identify, benchmark and monitor UK mid-market technology companies of relevance to them. The proprietary nature of Megabuyte’s content, including its industry-leading Megabuyte Scorecard benchmarking methodology, combined with its unrivaled private company coverage, independence, and deep domain experience, have served to make it one of the sector’s most respected and authoritative commentators. Visit megabuyte.com for further information.
About the megabuyte50 awards
The megabuyte50 awards is 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 a number of different performance categories. Rankings are compiled using Megabuyte’s proprietary Megabuyte Scorecard methodology, which scores companies against seven key growth-related financial KPIs. The rigour 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. Visit megabuyte-awards.com for further information.