CitNOW has been named as the 59th fastest-growing tech company in Britain as it achieved Sunday Times Hiscox Tech Track 100 status for the second year in a row.

With results based upon the previous three years of trading, the Tech Track 100 shows that the increasing reach of video within the global automotive retail industry goes from strength-to-strength.

CitNOW’s chief executive, Alistair Horsburgh, said: “As a business, we continue to establish our role through transparency and trust, and by delivering genuine benefits for our users and their customers.

“To reappear in the Sunday Times Hiscox Tech Track is testament to the relevance of video to the automotive industry, and its resonance with the consumer.

“The fact our customers continue to engage with video creatively and effectively puts CitNOW in an excellent position to deliver our ambitious targets for the coming year.”

CitNOW's video retail and aftersales solutions claim to have reached 94 of the UK's top 100 vehicle retailers.

With 36 OEM motor manufacturers actively using the CitNOW video sharing platform across Europe, Australia, the Far East and the US, the acceleration has continued apace, the business said in a statement.

Horsburgh added: “It has been, and continues to be, inspiring to work with customers of such global importance and to take a lead on video establishment of CitNOW in important new markets across the globe.

“This reflects the universally positive response to the introduction of video technology to automotive sales and the aftermarket.”