SOUTHAMPTON-based Bowman Power has this week been named as one of the fastest-growing technology companies in the south.

The supplier of power generation systems has been ranked sixth in the region in the latest Deloitte & Touche rankings after reporting growth of 605.83 per cent. This is the second time the company has featured in the top ten.

Meanwhile TransEDA from Eastleigh is also in the top 30, again for the second time, with 106.86 per cent growth and ACW Technology in Hedge End has come in at number 34 with 76.05 per cent growth.

"The Fast 50 programme represents an ongoing commitment to growing technology companies. Our intention is to highlight and champion those that are resilient enough to weather the current economic conditions and emerge from the slump ready to out-perform their competitors," said Stuart Woodward, senior partner at Deloitte & Touche's Southampton office.

Deloitte & Touche created the Technology Fast 50 to reach out to UK technology companies and champion innovation in the sector. The programme tracks the growth rates of technology companies in seven regions in the UK and Ireland.

The Technology Fast 50 programme seeks out those companies that have shown impressive growth rates in the telecommunications, hardware, software and biotechnology markets over the past three financial years. All companies considered for the award must be technology-intensive or use unique technology in problem-solving, or must devote a high percentage of effort to research and development.