Fourth, hospitality software provider, has scooped a prestigious accolade after being named as one of the best-performing technology companies in the UK.

The Megabuyte50 Awards analyse the financial performance of the top 200 UK based, privately-owned software, IT and telecoms services companies, looking at growth, margins and cash flow, shining a light on the top 50 companies with revenues of £10m or more.

Ben Hood, CEO at Fourth, said: “We are delighted to have won this prestigious award and be recognised for our hard work. To receive this accolade from such an informed group of judges is exceptional.”

Ian Spence, Founder and CEO at Megabuyte, the leading provider of corporate and financial intelligence on 1,500 public and private companies across Europe, said: “We commend Fourth on this prestigious win – to make it into the influential top 50 list is a fantastic achievement, especially when you consider how many globally successful technology firms are based in, and operate from, the UK.

“Our awards have no comparators in the technology sector awards space. This, combined with the authoritative standing of Megabuyte as a technology sector research house and commentator, makes the awards one of the most powerful third-party accolades a tech company can receive.”