13/10/2016 - Market news

Fairsail scoops first prize at Clearwater International's Cloudex awards

Fairsail, a supplier of end-to-end global cloud HR management systems, has been announced the winner of the 2016 Cloudex awards. The business had previously been a runner-up at the 2015 ceremony.

Clearwater International launched its Cloudex awards in 2013 as the business was keen to profile innovative and emerging players in the UK cloud industry. The awards highlight the country’s top 20 independently-owned cloud technology businesses.

Following the success of previous awards, this year’s distinguished panel of judges drew up a shortlist of 20 companies before selecting their overall top three, plus a ‘one to watch’ winner. The judges remarked that this year saw a growing maturity within the industry, as corporate customers increasingly embrace the cloud in ever more functions of their business.

E-days Absence Management, a market-leading SaaS solution for managing, processing and tracking employee leave and absence was announced as runner-up. Acturis, which creates efficiencies for insurance brokers by building, hosting and distributing electronically priced insurance products came third with TribePad, provider of SaaS solutions to support recruitment and talent management processes, highlighted as the ‘one to watch’.

Jonathan Charlesworth, Technology Lead, Fairsail said: “We are very much in scale-up mode and this is fantastic recognition for the hard work and dedication of our team. We have a wonderful culture here and as a very fast growing business we are extremely mindful of keeping that culture intact while bringing new people in. As a business we are very agile and quick to react to our amazing customers, and the reach of our brand is expanding further every single day.”

Emma Rodgers, Director, Clearwater International commented: “It was a really tough job for the judges this year. Our shortlist was full of really great, dynamic businesses being driven by data, diversity and scale. What was also striking was that there are clear paths to profitability in this market now.”

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