Biosite Systems Ltd, a market leader in biometric access control and workforce management solutions for the construction industry, has been recognised in the FT 1000: Europe’s fastest-growing companies ranking for the first time. Biosite is one of only six UK-based companies in the construction category and the only company offering technology solutions to the construction industry to make the list.
The FT 1000, which has been compiled with research company Statista, ranks European companies based on the highest compound annual revenue growth rate between 2015 and 2018. Placing at 682 in the ranking, Biosite achieved 246.6% absolute revenue growth during the period, with revenue increasing from €3.73 million to €11.01 million.
Li Wang, Managing Director at Biosite Systems Ltd, explains: “Our aim is to support the digital transformation of the construction industry and our technology-enabled solutions help to improve efficiency, safety and compliance on site.
“We have enjoyed significant success in recent years, which is testament to our brilliant team and dedication to providing our customers with the best software and hardware solutions. It’s fantastic that our efforts have been recognised and that we can represent construction tech in the FT 1000.”
In February 2020, Biosite was acquired by the ASSA ABLOY Group to help spearhead a new construction vertical as part of ASSA ABLOY Global Solutions, offering electronic access, software and identity solutions.
Samuel Asarnoj, VP New Business & Head of the Construction Vertical at ASSA ABLOY Global Solutions, comments: “We recognised that Biosite had unique capabilities and the potential to help address construction’s productivity challenges through digitisation on site – both in the UK and globally. Accolades such as the FT 1000 are fantastic recognition of everything the business has achieved so far and I’m excited to see what we can achieve together during the next stage of the Biosite journey.”