November 2006

e-transactions software author listed in this year's Sunday Times Microsoft Tech Track 100 league table

(Alton-based) e-transactions software author, Albany Software, is now one of Britain's fastest growing technology companies, having been included in this year's Sunday Times Microsoft Tech Track 100 league table.

Founded and owned by Adrian Stafford-Jones, Albany develops software for e-transactions including payments, document distribution and account validation, and has many accredited partnerships including Voca and Microsoft. Boasting over 12,000 customers, the Hampshire company has a 35% share of the market for Electronic Funds Transfer (EFT) software.

Across the e-transactions marketplace industry-wide changes required all businesses using Bacs for electronic payments to update their systems and migrate to the new BacsTEL-IP delivery infrastructure by January 2006. Albany was at the forefront of this market development, which helped to boost the company's sales by 59% a year from £3million in 2003 to £7.6million in 2005.

Albany worked closely with Voca and all of the leading UK banks in order to ensure its customers were able to make a smooth transition to the new BacsTEL-IP infrastructure, which leverages Internet technology to deliver improved security, reliability and speed of financial payments.

Adrian Stafford-Jones, Managing Director of Albany Software, comments, "We are delighted to have been listed in the Sunday Times Tech Track league table. Albany is known in the industry for its market-leading EFT and e-document distribution software applications, and for providing an excellent level of service to customers. Our Tech Track listing is testament to the dedication, professionalism and enthusiasm of our staff, combined with the proven quality of our software products."

Stafford-Jones continues, "I am very proud that we are now one of the fastest growing technology companies in Britain and I would like to personally thank all of the team at Albany that makes the company so successful."

The Sunday Times Microsoft Tech Track 100 ranks Britain's fastest-growing private technology companies by their sales growth over the two-year period between 2003 and 2005. Annualised sales had to exceed £100,000 in financial year 2003 and £3million in financial year 2005. Companies had to be in business for at least three years from 2003, and show year-on-year sales increases from 2004 up to their 2006 forecast.

Albany Software was listed at number 62 in the Sunday Times Tech Track league table.

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