Hometrack hots up the action...

09 October 2009

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Written by rosalind renshaw

Hometrack has been named as one of the fastest-growing private technology companies in the UK.

The Sunday Times Tech Track 100 listed Hometrack at number 30 in its annual league table which ranks the fastest-growing private technology companies in Britain by sales growth over a three-year period. Over the last three years, sales at Hometrack have risen by 72% from £2.5m in 2005 to £13.1m in 2008.

Founded in 1999, Hometrack today delivers automated valuations and risk analytics to over 95% of UK mortgage lenders. Its model contains the industry’s largest database of property values – over 10.5 million full inspection surveys, representing nearly half of the UK’s private housing stock and well over three-quarters of the number of mortgaged homes.

Hometrack also supplies housing information and consultancy to 40% of the top housing associations and to over a third of local authorities.

However, it has not all been plain sailing: the firm acquired a HIP business, OpenBook, but closed it down last year.

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