Fastest Growing Company Award

Fastest Growing Company Award for Mediasurface

Mediasurface, the leading AIM-listed content management provider today announced that UK venture capital fund manager Elderstreet Investments has awarded Mediasurface “Fastest Growing Company” across its portfolio of businesses.

The annual awards, which measure the performance of companies in the Elderstreet portfolio, recognises Mediasurface for achieving growth of 21% on overall revenues for the first half of its financial year versus the same period in FY05 and for analyst estimates of a 40% growth on the full year. Elderstreet is a leading investment fund manager in the UK with an enviable record backing entrepreneurial, rapid growth businesses and is a major shareholder in Mediasurface.

In recent months Mediasurface has signed a number of key deals including Department for Transport, City of York and New Star Asset Management. In June Mediasurface released Morello v5.4, the latest version of its flagship web content management solution and continues to sign new partners and customers for Pepperio, the newly launched ‘one stop shop’ solution for small to medium sized businesses.

Barnaby Terry, Partner at Elderstreet responsible for the awards said: “Every year, Elderstreet Investments recognises the achievements of companies in its portfolio and it is a great credit to the management team at Mediasurface who have achieved so much with the business. With its strong product portfolio and increasing geographic coverage, Mediasurface is now well positioned for sustained growth.”

Lawrence Flynn, CEO of Mediasurface commented: “It’s always encouraging when achievements are recognised and we’re really pleased to have received this award, not least because it recognises Morello’s strengthened position as a market-leading product.”

About Elderstreet Investments
Elderstreet Investments Limited is a leading UK venture capital fund manager investing in early stage and development capital for UK growing businesses. Elderstreet has a strong investment performance record with investments typically in the range of £0.5 and £5m. It has invested in over 100 companies in the broad technology and general investment sectors and currently has over £80m of investors' funds delivering investment products for institutional and retail investors. The company’s offices are 32 Bedford Row, London, WC1R 4HE, +44 (0) 20 7831 5088. www.elderstreet.com