Press releases

xSellco takes top spot in 2018 Deloitte Technology Fast 50 ranking

Sensipass presented with the inaugural Fast 50 Cyber Security Award

E-commerce software company xSellco has secured the top spot in Ireland’s best known technology growth index - the Deloitte Technology Fast 50 ranking. The company, which achieved second spot in last year’s ranking, placed one better in 2018 with a growth rate of 2874% over the last four years. xSellco provides innovative products that allow e commerce businesses of all sizes to fulfil their potential.

The awards, now in their 19th year, rank Ireland’s fastest growing technology companies and recognise indigenous technology companies that have demonstrated exceptional growth in turnover in the last four years.

eShopWorld, having topped the ranking for the previous three years, continued its impressive run by achieving second position in the 2018 ranking. The company is a leader in global e-commerce and logistics management, with a world-class modular solution that gives online retailers control over the end-to-end customer journey—from global checkout to returns. mAdme Technologies, which revolutionises mobile advertising and engagement by seamlessly connecting mobile operators and brands to customers, achieved third place.

Cumulatively, the 2018 Fast 50 winners generated approximately €2.5 billion in total annual revenues in 2017. The average revenue of companies featured in the ranking was approximately €50 million, while the average growth rate of the companies over the last four years was 373%. Compared with last year, there are 17 new companies on the ranking. 12 of these are first-time entrants, while five companies have re-entered the list, having featured in previous years.

All four provinces are featured in this year’s awards. 27 of the winners are Leinster-based, 14 are based in Ulster, followed by Munster with 8 companies, and Connacht with 1 company. Overall, 12 counties are represented in the 2018 listing.

Announcing the winners of the Deloitte Technology Fast 50 programme, David Shanahan, Partner, Deloitte, said: “Congratulations to our 2018 Deloitte Technology Fast 50 companies. Through these awards, we recognise Irish technology companies that are at the cutting edge, using technology for progress, to address the challenges that we all face and to create opportunities, both for themselves and for those that use their products.

“We know that these companies are operating in an uncertain international marketplace. And yet they are prospering against this backdrop—in fact, it was particularly evident this year that the vast majority of revenues for the ranking companies are coming from export markets. This demonstrates the impact Irish indigenous tech companies are having in global markets.”

As the prevalence and sophistication of cyber threats increases, 2018 also saw the introduction of a cyber security award. Open to companies that are focused on developing cyber security solutions and that devote a significant portion of income to R&D, the award is an acknowledgement of the innovative and cutting-edge solutions that are being developed by Irish companies. The inaugural winner of this award was SensiPass. SensiPass provides strong multifactor authentication solutions and serves companies in markets driven by regulatory drivers to improve security and compliance, such as financial institutions, healthcare, and critical infrastructure.

For the second year running, Deloitte and Silicon Valley Bank partnered in the fintech award category. This category reflects the importance of financial services to Ireland’s future economic growth and how companies within the fintech sector are influencing this space with their technology and innovation. The winner of the award this year was Fenergo, the leading supplier of client lifecycle management, AML/KYC compliance and client data management solutions for investment, corporate, commercial and private banks. As the winner of this category, Fenergo will be brought to Silicon Valley, USA, on a trip tailored to suit their growth trajectory where they will meet with key investors, strategic partners and prospects.

Clive Lennox, Director of Irish Business Development at SVB Financial Group, said: “Silicon Valley Bank works with fintech businesses from Stripe to WorldRemit and we’re honoured to support the fintech award for the second consecutive year. I’d like to extend our congratulations to Fenergo, an impressive Dublin-based business. We look forward to welcoming the Fenergo team to Silicon Valley next year for the winner’s trip.”

2018 MNC Patron Awards

Emphasising the importance of the relationship between multinationals and indigenous companies, the MNC patron awards recognised the following companies:

• Disruptive Technology Award in association with Facebook: mAdme Technologies

• Innovative New Technology Award in association with Google: DesignPro Automation

• Export Award in association with Intel: Anam Technologies

• Leading Female Award in association with Vodafone: Triona Mullane, mAdme Technologies

• Impact Award in association with PayPal: i3PT Certification

Details of the final Technology Fast 50 ranking are available to download at www.fast50.ie.

Ends

Notes to editors:

2018 Deloitte Fast 50:

1.     

xSellco

Dublin

2.     

eShopWorld

Dublin

3.     

mAdme Technologies Ltd

Dublin

4.     

I3PT Certification Ltd

Dublin

5.     

HomeSecure

Dublin

6.     

LearnUpon

Dublin

7.     

Future Finance

Dublin

8.     

Mobacar

Kerry

9.     

Spearline

Cork

10. 

Repstor Limited

Antrim

11. 

Fenergo

Dublin

12. 

Welltel

Dublin

13. 

SilverCloud Health

Dublin

14. 

Made to Engage Limited

Antrim

15. 

ThinScale Technology

Dublin

16. 

Aspira

Cork

17. 

Granite Digital

Cork

18. 

Ozaroo

Antrim

19. 

DesignPro Automation

Limerick

20. 

Arkphire

Dublin

21. 

AccountsIQ

Dublin

22. 

Wolfgang Digital Ltd

Dublin

23. 

Asystec

Limerick

24. 

Lucid Interactive

Derry

25. 

Roomex

Dublin

26. 

Anam Technology

Dublin

27. 

Phorest

Dublin

28. 

Neueda

Antrim

29. 

GeoForms Software Limited T/A GeoPal Solutions

Dublin

30. 

SL Controls Ltd

Sligo

31. 

Click&Go

Dublin

32. 

First Derivatives Plc

Down

33. 

Intact Software

Louth

34. 

Action Point Innovation Limited

Limerick

35. 

Integrity360

Dublin

36. 

Kelsius

Donegal

37. 

Learning Pool Ltd

Derry

38. 

Intellicom

Offaly

39. 

Marino Software

Dublin

40. 

Data Solutions

Dublin

41. 

Export Technologies Limited

Antrim

42. 

AquaQ Analytics Limited

Antrim

43. 

Flint Studios

Antrim

44. 

Global shares

Cork

45. 

Ocuco

Dublin

46. 

TransferMate Global Payments

Kilkenny

47. 

Decision Time

Antrim

48. 

Tascomi

Down

49. 

ITQuotes

Dublin

50. 

The Web Bureau

Antrim

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 via the application link at www.fast50.ie, with the necessary supporting documents.

Fast 50 awards criteria:

1. The company must have been in business for a minimum of four years (i.e. four full twelve-month financial periods).

2. The company must be considered a technology company which, for this purpose, is defined as a company that:

a. Owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;

b. Manufactures a technology related product;

c. Devotes a significant proportion of operating revenues to research and development of technology;

d. Is technology intensive, or uses its own unique technology to solve problems.

NB: Companies using third party technology or intellectual property in a unique way does not meet this definition. Consulting companies, professional services firms, resellers and others who don't rely on proprietary technologies to generate their revenue are not eligible.

3. The parent company must be Irish-owned and have its headquarters in Ireland. Companies headquartered in Northern Ireland can take part in the Irish OR the UK programme, but need to choose one or the other and cannot enter both.

NB: Subsidiaries or divisions of Irish or Northern Irish companies or multinational organisations do not qualify.

4. Have base-year operating revenues of €50,000 (£44,500) and a current year operating revenue of at least €1,000,000 (£880,000).

NB: the accounts for the base-year must have an accounting period ending between 1 June 2014 and 31 May 2015; and the accounts for the most recent financial year must have an accounting period ending between 1 June 2017 and 31 May 2018.

5. All submissions must be accompanied by signed accounts for the first and last financial year being measured in the competition. Unless a statutory exemption is being taken, these accounts must be unabbreviated and audited.
NB: We cannot accept abbreviated accounts.

The Deloitte Technology Fast 50 Cyber Security Award

2018 sees the introduction of a cyber security award. Open to companies that have been in business for a minimum of three years, focused on developing cyber security solutions and that devote a significant portion of income to R&D, the award is an acknowledgement of the innovative and cutting-edge solutions that are being developed by Irish companies.

Fintech award in association with Silicon Valley Bank

For the second year running, Deloitte and Silicon Valley Bank are partnering in the fintech award category. To apply for this award, entrants must be in business for a minimum of three years. Details of the criteria can be found at www.fast50.ie.

Deloitte 2018 MNC Patron award categories

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 rewards export based companies based on the percentage of exports, their export growth and their approach to exports.

3. 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.

4. 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.

5. Life Science Award in association with Medtronic

This award will be given to the life science company that has made a progressive contribution to the industry using innovation.

6. Disruptive Technology Award in association with Facebook

This award is for the company that has invested in R&D activities to create a technology that has disrupted the market leading to growth in their business over the last four years.

Ends

For Further Information Please Contact

Aoibheann O’Sullivan
Murray
01 498 0300
087 6291453
aosullivan@murrayconsultants.ie

Claire Quinn
Deloitte
01 417 2356
087 9777783
cquinn@deloitte.ie

About Deloitte

At Deloitte, we make an impact that matters for our clients, our people, our profession, and in the wider society by delivering the solutions and insights they need to address their most complex business challenges.

As the largest global professional services and consulting network, with approximately 263,900 professionals in more than 150 countries, we bring world-class capabilities and high-quality services to our clients.

In Ireland, Deloitte has nearly 3,000 people providing audit, tax, consulting, and corporate finance services to public and private clients spanning multiple industries. Our people have the leadership capabilities, experience and insight to collaborate with clients so they can move forward with confidence.

In this press release references to Deloitte are references to Deloitte Ireland LLP. The information contained in this press release is correct at the time of going to press. Deloitte Ireland LLP, is the Ireland affiliate of Deloitte NWE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). DTTL and each of its member firms are legally separate and independent entities. DTTL and Deloitte NWE LLP do not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.

About SVB Financial Group

For 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group's businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment services and funds management to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, Calif., SVB Financial Group operates in centres of innovation around the world. Learn more at svb.com and @SVB_Financial.

SVB Financial Group is the holding company for all business units and groups. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group. Silicon Valley Bank is a member of FDIC and Federal Reserve System. SVB >, SVB Financial Group, and Silicon Valley Bank, are trademarks of SVB Financial Group, used under license.

SVB Financial Group is the holding company for all business units and groups are ©2018 SVB Financial Group. All rights reserved. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group. Silicon Valley Bank is a member of FDIC and Federal Reserve System. SVB >, SVB Financial Group, and Silicon Valley Bank, are trademarks of SVB Financial Group, used under license.
 

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