Published by Megabuyte in May 2016, the ranking provides an independent measure of companies’ financial performance, by criteria other than share price.

“The Megabuyte Scorecard was developed to identify what a ‘good’ tech company looks like, pooling over 50 years’ collective analyst experience,” said Ian Spence, founder and CEO of Megabuyte. “It’s our view that once companies’ formative years have passed, high growth, high margin, cash generative businesses will always provide better long term results for investors, whether in public or private markets.”

“We are delighted to have reached first position on the Megabuyte Scorecard this month, having also reached second position at this time last year,” said Andy Walters, managing director and co-founder of Quartix.

“Together with the prestigious Fleet World Honours Award for Innovation in Telematics we received in April this is testament to the hard work and commitment of everyone at Quartix.”