Jumar Solutions Europe Limited Ranked in First Place for Second Year Running, as Fastest Growing Technology Company in the UK, and the eighth in Europe, in the 2004 Deloitte Technology Fast 50

Jumar Solutions attributes its 8,095 Percent Revenue Growth to the launch of a new suite of unique automation software under the Project Phoenix brand which allows customers to modernise their legacy applications without the need for lengthy manual programming projects. Phoenix automation enables error free migration from old technology such as green screen 3270 environments into java, J2EE and Web Services. Clients now have a cost effective alternative to outsourcing legacy renewal programs to offshore development companies.

Solihull, UK based Jumar Solutions Europe Limited today announced that it has been placed first for the second year running, in the 2004 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in the Midlands. Lastminute.com were placed first in the European wide rankings. Rankings are based on average percentage revenue growth over five years, from 1999-2003. Jumar Solutions grew 8,095 percent during this period.

Co-founder Dave Tomkins, said, "our Project Phoenix initiative has allowed Jumar to gain business in an extremely competitive IT solutions and outsourcing marketplace. Our automated solutions are not only price competitive, but focus on delivering real business value from IT investment. In many cases this has allowed the transition projects and the resulting work to be completed by Jumar in the UK, and this has been a key factor in driving our revenue growth over the past five years.

Wendy Merricks, Co-Director believes that the key to Jumar's continued success lies in the company's staff and business culture. "It's our ability to seek out the business and IT challenges that the client faces, and to solve these challenges through careful listening and innovative thinking", she added. "We have subsequently been awarded a series of outsource contracts and client engagements in direct competition with overseas developments centres and other foreign competitors."

"Growing the top line enough to make the Deloitte Technology Fast 50 is especially meaningful during tough economic times for the technology sector," said Chris Robertson, partner in charge of Deloitte's Technology, Media & Telecommunications Group in the Midlands. "We congratulate Jumar Solutions Europe Limited on becoming one of the 50 fastest growing technology companies in the Midlands"

Andrew Hornigold, Head of Technology Chosen Market Group at law firm Pinsents who sponsored the awards, said: "The Fast 50 Awards is an extremely competitive programme and we salute this year's winners for consistently demonstrating phenomenal growth over the last five years, particularly in the face of increased international competition. Once again the standard of the entrants was extremely high, confirming the strength and resilience of the region's technology industry."

Overall, companies that ranked on the 2004 Midlands Technology Fast 50 had a combined turnover of £2.6 billion.