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Technology Fast 50

Press Release

Are you fast enough? Deloitte searches for Ireland’s fastest growing technology companies

Companies in software, hardware, communications, media, clean-tech and life sciences sectors called to apply for Deloitte Fast 50 awards

Deloitte is calling on Irish technology companies to submit their entries to the 2015 Deloitte Technology Fast 50 awards in advance of the deadline of 11 September. The awards rank the very best of the indigenous technology sector and will recognise those companies that have demonstrated exceptional growth in turnover over the last four years.


This year marks the sixteenth year of the Fast 50 programme in Ireland. One of the longest standing technology contests in Ireland, Deloitte is calling on companies from across the technology spectrum – including the software, hardware, communications, media, clean-tech, and life sciences sectors – to apply for this year’s awards. The awards demonstrate the contribution of the indigenous technology sector – cumulatively, the 2014 Fast 50 winners generated approximately €350 million in total annual revenues in 2013, with an average growth rate of 276%.


Cork based company Inhance Technology took the top spot in last year’s awards with an impressive growth rate of 1481%. The company has developed a unique all-in-one solution that supports the customer experience throughout the complete lifecycle of their smartphones and tablets. They offer a range of next-generation features that help make mobile devices more secure, healthier, and easier to support. Previous winners of the awards also include ding*, Software Asset Management Ireland (SAMI), Populis and PulseLearning.


Paul Prendergast, CEO and Co-Founder of Inhance Technology, commented on the benefits of the Fast 50 programme: “The team at Inhance were thrilled to be at the top of the Fast 50 ranking in 2014. Not only was it recognition of the hard work that has led to the growth of our company, but it is also extremely beneficial to have the external validation of being a Deloitte Fast 50 company when speaking with both existing and prospective customers. The award has given us real confidence about the future growth of our company.”


This year’s awards also see the introduction of six new awards categories. Companies that feature on the ranking will also be in with the chance of winning the following awards:


• The Innovative New Technology award, in association with Google
• The Export award, in association with Intel
• The Research & Development award, in association with Groupon
• The Impact award in association, with Paypal
• The Leading Female award, in association with Vodafone


Joan O’Connor, Partner at Deloitte said: “Just as the technology companies in Ireland are keeping pace with advancements, so too is the Deloitte Fast 50 programme! We’re excited to recognise the fastest growing technology companies and celebrate their position in the wider global marketplace. What’s more, with our new award categories we will showcase companies that we believe are excelling in the areas that truly demonstrate the value and strength of the indigenous technology sector. We are thrilled to have such key players in the multinational sector supporting these new awards, which reflects the collaborative nature of the entire industry here. We’re delighted to have them on board.
“In addition, we are now measuring turnover growth for a minimum of four years rather than five. This is a change we have made to cater for the fast-growth nature of the Irish technology sector.”


The Deloitte Fast 50 ranking will feature both private and public listed technology companies that have demonstrated innovative strategies, sound management practices and marketplace vision driving them to achieve the status of high-growth leaders. For details of how to enter, please visit www.fast50.ie.


In addition to the overall Fast 50 ranking, the Rising Star category will honour two up-and-coming companies who are in business less than 4 years.
The closing date for entries is 11 September 2015 and the winners will be announced on 13 November 2015.

Ends


Notes to editors

About the Deloitte Technology Fast 50 Programme
To enter the Fast 50 Awards, companies must meet the criteria listed below. Entries must be submitted electronically with the necessary supporting documents (audited financial statements). 

Fast 50 Awards Category:

  1. The company must have been in business for a minimum of four years with a turnover of at least €50,000 in 2011.
  2. The company must be considered a technology company, which is defined as:
    •     developing or owning proprietary technology that contributes to a significant portion of the company's operating revenues
    •     producing technology
    •     manufacturing technology-related products
    •     be technology intensive, or use unique technology to solve problems
    •     devoting a high percentage of effort to technology R&D
    •     NB: using another company's technology or intellectual property in a unique way does not qualify.
  3. Entrants can be public or private companies but the parent company must be headquartered in the Republic of Ireland or Northern Ireland. Subsidiaries or divisions do not qualify.
  4. All submissions must be accompanied by signed accounts (pdf version) for the last financial year being measured in the competition. Unless a statutory exemption is being taken, these accounts must be unabbreviated and audited.


Awards categories
In 2015, five new awards categories have been added to the programme. These categories include:

  1. Innovative New Technology award in association with Google
    This award is for the company that has created or introduced a new or innovative product or service to International markets that has helped grow their business over the last four years.
  2. Export award in association with Intel
    This award will be given to the company showing the highest level of exports in their most recent year of trading through their application submission. 
  3. R&D award in association with Groupon
    This award is for the company that can demonstrate the highest level of investment in research and development within their most recent year of trading.
  4. Impact award in association with Paypal
    This award is for the company that has made the most significant impact within the current year. Companies will be given an opportunity to demonstrate how they have made an impact through their application.
  5. Leading female award in association with Vodafone
    This award will be given to a leading female in technology who has contributed to business growth within their organisation.

Rising Star category
Companies who wish to enter the programme, which have not been in business for the minimum four years may qualify for the Rising Star category on satisfaction of the following criteria:

  1. Entrants must have been operating for a minimum of three years and less than four years, with turnover of at least €30,000 for 2012.
  2. Entrants can be public or private companies but the parent company must be headquartered in the Republic of Ireland or Northern Ireland. Subsidiaries or divisions do not qualify.
  3. Each entrant must be a technology company defined as producing technology; manufacturing technology-related products; being technologically intensive or using technology in problem-solving; or devoting a high percentage of effort to the research and development of technology.

For Further Information Please Contact;

Aoibheann O’Sullivan
Murray Consultants
01 4980346
aoibheann.osullivan@murrayconsult.ie

Claire Quinn
Deloitte
01 4172356
cquinn@deloitte.ie

Deloitte Fast 50

Are you fast enough? Deloitte is calling on Irish technology companies to submit their
entries to the 2015 Deloitte Technology Fast 50 awards in advance of the deadline of
11 September. The awards recognise those companies that have demonstrated exceptional
growth in turnover over the last four years.

Pictured are Louise Phelan, VP Global Operations EMEA, PayPal, Anne O’Leary,
Chief Executive Officer, Vodafone Ireland and Joan O’Connor, Partner, Deloitte

 

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