Biosite Systems Ltd, a leader in biometric access control and workforce management solutions for the construction industry, has been recognised in the FT 1000: Europe's fastest-growing companies ranking for the first time. Biosite is one of only six UK-based companies in the construction category and the only company offering technology solutions to the construction industry to make the list.
The FT 1000, compiled with research company Statista, ranks European companies based on the highest compound annual revenue growth rate between 2015 and 2018. Placing at 682 in the ranking, Biosite achieved 246.6% absolute revenue growth during the period, with revenue increasing from EUR3.73 million to EUR11.01 million.
Li Wang, Managing Director at Biosite Systems Ltd, explains: "Our aim is to support the digital transformation of the construction industry and our technology-enabled solutions help to improve efficiency, safety and compliance on site.
"We have enjoyed significant success in recent years, which is testament to our brilliant team and dedication to providing our customers with the best software and hardware solutions. It's fantastic that our efforts have been recognised and that we can represent construction tech in the FT 1000."
In February 2020, Biosite was acquired by the ASSA ABLOY Group to help spearhead a new construction vertical as part of ASSA ABLOY Global Solutions, offering electronic access, software and identity solutions.
Samuel Asarnoj, VP New Business & Head of the Construction Vertical at ASSA ABLOY Global Solutions, comments: "We recognised that Biosite had unique capabilities and the potential to help address construction's productivity challenges through digitisation on site - both in the UK and globally. Accolades such as the FT 1000 are fantastic recognition of everything the business has achieved so far and I'm excited to see what we can achieve together during the next stage of the Biosite journey."
Biosite technology is currently deployed on more than 650 construction projects, with more than 650,000 workers now live on Biosite's databases and in excess of six million biometric transactions captured each month. For more information, visit www.biositesystems.com or call 0121 374 2939.
For further information:
Victoria Creighton
PR and Communications Manager, Biosite Systems Ltd
victoria.creighton@biositesystems.com
0121 374 2939; 07915 479 151
Notes for Editors:
About Biosite
Biosite provide a range of integrated solutions that have been specifically designed to help manage, monitor and maximise safety, efficiency and security on construction sites. Biosite's unique fingerprint algorithm and access control technology creates an individual user profile and provides a streamlined digital reporting system at a site and corporate level. This has delivered significant improvements in workforce management and staff reporting, allowing main contractors to establish a true working history, credential and disciplinary record of individuals on site.
The company's 'can-do' culture, in-house software development and production capabilities have made Biosite a technology partner-of-choice for leading UK construction companies.
Biosite also offers a leading EN54 certified fire alarm system, delivery management and manned security solutions.
Biosite is part of the ASSA ABLOY Group.
www.biositesystems.com
About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 49,000 employees and sales of GBP 7,6 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world.
https://www.assaabloyglobalsolutions.com/en/
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ASSA ABLOY AB 
