LetsGetChecked takes the top spot in the Deloitte 2021 Technology Fast 50 Awards has been saved
LetsGetChecked takes the top spot in the Deloitte 2021 Technology Fast 50 Awards
Ranking of fastest growing technology companies sees five new entrants in the top ten
Dublin company LetsGetChecked has emerged as the fastest growing technology company in this year’s Deloitte Technology Fast 50 Technology Awards. The company, which gives people the tools to manage their health from home by providing direct access to health insights, at-home diagnostics, virtual care, and pharmacy for a wide range of health conditions, took the top spot with a hugely impressive growth rate of 18,663% over the last four years.
The Deloitte Technology Fast 50 Awards is one of Ireland’s foremost technology award programmes. It is a ranking of the country's 50 fastest-growing technology companies based on revenue growth over the last four years, and this year marks 22 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.
Reacting to the win, Peter Foley, LetsGetChecked Founder and CEO said:
“It is very gratifying to take the number one spot in this year’s ranking. With the importance of focusing on our health and wellbeing ever increasing globally, our team has worked hard to ensure that our products and the services we offer to customers and clients are supporting their healthcare goals. This is a great reflection of that hard work and our commitment to empower people to live longer, happier lives.”
Flipdish, which placed third in last year’s ranking, moved up a slot to number two in 2021. It offers a digital ordering and marketing system to restaurants, cafés and takeaways. In addition, the company were the inaugural winners of the Scale Up Award. A new award to the programme this year, run in association with Scale Ireland, it recognises a company that has demonstrated an impressive ability to scale up or expand overseas over the last four years.
The top ten featured five new entrants to the awards, among them third placed Kneat Solutions. The company enables regulated organisations to move from paper-based validation to intelligent, digitised, paperless solutions.
Cumulatively, the 2021 Fast 50 winners generated approximately €1 billion in total annual revenues and employed over 16,000 people in 2019. The average revenue of companies featured in the ranking was approximately €19 million, while the average growth rate of the companies over the last four years was over 700%. The awards also saw a record number of new entrants this year – in total, 20 companies are appearing on the ranking for the first time.
This year’s ranking features companies from all four provinces. 30 companies are Leinster-based, 10 are from Munster, eight are from Ulster, and there are two representatives from Connacht. Overall, 10 counties are represented on the 2021 ranking.
Announcing the winners of the Deloitte Technology Fast 50 programme, David Shanahan, Partner, Deloitte said:
“Congratulations to all of the companies that ranked this year. This is the first year we have seen the impact the pandemic has had on revenues of Irish tech companies. It will come as no surprise that many of this year’s winners have achieved accelerated growth and scale as a result of the pandemic and being able to capitalise on the global move to a digital way of life.
“From enabling us to better look after ourselves, to providing critical technologies to keep businesses connected to customers, for example, these companies have shown us the creativity, resilience, and commitment to driving progress that is present in the indigenous technology sector in Ireland. It is also encouraging to see so many new entrants to the ranking – with a strong cohort of younger companies, the future of the indigenous sector looks bright. We are thrilled to showcase their achievements and wish them continued success over the coming years.”
2021 Patron Awards
In addition to the Scale Up Award, the Deloitte Technology Fast 50 awards included a number of award categories. The winners of these awards this year were:
Innovative New Technology Award in association with Google
This award is for a 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.
Impact Award in association with Meta
Winner: T Pro
This award is for a company that has made a significant impact within the current year.
Women in Technology Advocate Award in association with Vodafone
Winner: Raluca Saceanu, Chief Operating Officer, Smarttech247
This award is given to someone who has demonstrated through their actions that they are an advocate for increasing participation by and promotion of women in the technology sector.
Winner: Learning Pool
This award acknowledges a company that has played a major role in the Fast 50 programme to date. This year’s recipient, LearningPool have featured 10 times in the ranking to date.
The Deloitte Technology Fast 50 ranking features 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. Full details on the winners can be found at www.fast50.ie.
2021 Deloitte Fast 50 winners
Issued by Murray on behalf of Deloitte Ireland
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 via the application link at www.fast50.ie, with the necessary supporting documents.
Fast 50 awards criteria:
1. The company must have accounts covering 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 meets at least one of the following four criteria:
- Owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;
- Manufactures a technology related product;
- Devotes a significant proportion of operating revenues to research and development of technology;
- 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 do 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.
NB: 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.
4. The company must not be a subsidiary of a larger group.
NB: If there is more than one trading company in a group of companies, the nomination should reflect consolidated revenue for year 1 and 4 and not the revenue of a particular company within the group.
5. The company must have base-year (year 1) operating revenues of €50,000 (£43,000) or more and a current year (year 4) operating revenue of at least €1,000,000 (£859,900).
Operating revenue figures must be calculated on a consistent basis. Please disclose in your application any change in revenue recognition between the year 1 and year 4 accounts.
NB: the accounts for the base-year must have an accounting period ending between 1 June 2017 and 31 May 2018; and the accounts for the most recent financial year must have an accounting period ending between 1 June 2020 and 31 May 2021.
6. All submissions must be accompanied by signed accounts for the first and last financial year being measured in the competition.
Where accounts are not audited, a cover letter must be provided. This cover letter should be on company headed paper, signed by a director of the company, stating and confirming the revenue figure per the accounts. Where only abbreviated accounts are available (with no profit and loss statement shown), please provide alternative financial information supporting the revenue figure presented, for example, management accounts used by the company, along with the cover letter described above.
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087 977 7783
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