24th February 2017

Trak Global Group joins government-backed Future Fifty programme

Trak Global Group, one of the fast-growing technology companies in the UK, has accepted a place on Tech City UK’s Future Fifty. The scheme is backed by the government and supports 50 of the country’s leading late stage technology companies.

Nick Corrie, Trak Global’s CEO, said his company was one of 26 businesses newly accepted onto the programme, which offers access to a valuable peer network, expert-led classes and workshops designed to take their businesses to the next level and a higher profile amongst the wider tech ecosystem.

“We are delighted to be part of this important initiative,” said Corrie, who added: “Being part of Future Fifty will give us access to a breadth of expertise and experience from people that have walked in our shoes, and a chance to learn from their ‘war stories’. This will be of real value and will help us to achieve our ambitions over the next two years.”

Speaking at the event, Greg Clark MP, secretary of state for Business, Energy and Industrial Strategy, said: “The innovation that we are seeing in all of these young firms is key to the Government’s Modern Industrial Strategy. We recognise that through tech and the digitisation of many aspects of UK business, we can create new opportunities across the city to expand our economy and make it more productive. The companies that join Future Fifty today will be the established businesses and employers of tomorrow.”

Corrie explained that 77 companies have been through the two-year programme. Five of those have listed on the London Stock Exchange and Future Fifty companies have raised over £3.8bn in total funding.

He said: “Trak Global is now the seventh largest telematics company in the world. We have recently launched our Appy Fleet app worldwide, which we hope will power our growth in our key export markets, especially North America. We look forward to drawing on support from the Future Fifty programme to realise these ambitions.”