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Technology Fast 50

2014 winners

Technology companies driving growth through international acquisition

Winners

Cork based company Inhance Technology has taken the top spot in the 2014 Deloitte Technology Fast 50 awards. The company achieved an impressive growth rate of 1481% over the last five years to be named the fastest growing technology company on the island of Ireland. It follows an impressive performance in last year’s ranking also, when the company ranked fourth.

Inhance Technology 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.

Now a staple in the technology industry’s calendar, the awards are in their fifteenth year in Ireland. Cumulatively, the 2014 Fast 50 winners generated approximately €350 million in total annual revenues in 2013, demonstrating the success of the industry in Ireland. The average growth rate of the companies in the 2014 ranking was 276%.

Competition within the ranking was extremely strong – ding* (formerly ezetop) achieved second place in the ranking, also with a growth rate of over 1000% in the last five years. The company, which enables people living or working abroad to instantly top up mobile phones of friends and family back home, had taken top spot in the ranking in both 2013 and 2012.

Third place went to Impedans Ltd with a growth rate of 884%. The company specialises in the delivery of high performance and high resolution plasma diagnostics solutions to customers in research and industry.

Thirteen companies from Northern Ireland achieved a spot on the 2014 winners’ listing. Novosco, a leading provider of cloud technologies, managed service and consulting services, based in Belfast, was singled out for special recognition on the night, having achieved a ranking in all 15 years that the programme has been in operation in Ireland.  

Two companies have also been awarded Rising Star awards. This category recognises younger companies with the fastest growth in turnover over the past three years. TheJournal.ie, the Irish news website that invites its users to shape the news agenda, was the Republic of Ireland’s winner in this category. CM Direct Ltd, a technologically intensive company offering complete brand and product solutions was Northern Ireland’s representative.

In total there are 11 newcomers to the ranking this year. There are ten from the Republic of Ireland (Voxpro Ltd, Spearline Labs Limited, AspiraCon Ltd, IIS Ltd, Action Point Technology Limited, Nostra, Monex Financial Services Ltd, Welltel, Data Solutions Limited and Openmind Networks, and one from Northern Ireland (Team Solutionz Ltd).

The Fast 50 awards recognise the very best of the indigenous technology sector in Ireland. In recognition of the importance the multinational sector also contributes to the overall industry, and the synergy between the two sectors, two individuals – Barry O’Leary and Frank Ryan - were presented with special awards to acknowledge the contribution they have made to both sectors of the industry through their work with the IDA and Enterprise Ireland respectively.

Announcing the winners of the Deloitte Technology Fast 50 programme, Richard Howard, Partner with Deloitte, Dublin said: “I am continually enthused by the hunger, drive and capacity to innovate that the winning companies demonstrate, as demonstrated by the close competition in this year’s ranking. The Fast 50 awards really do demonstrate the very best of this important sector, and we are delighted to be able to recognise them with these awards.”

The Deloitte Technology Industry Awards took place in Dublin on 7 November 2014. Keynote speakers on the night included Eric Openshaw, Deloitte Global Sector Leader for Technology and Chris Watt, Partner, ECI VC. Media sponsors included the Sunday Business Post and Ulster Business.

Fast 50 ranking

Ranking

Company

   

1

Inhance Technology

2

ding*

3

Impedans Ltd

4

Tickets.ie

5

Slainte Healthcare

6

Instil Software

7

Sixteen South Ltd

8

Voxpro Ltd

9

Spearline Labs Limited

10

ITQuotes

11

AspiraCon Ltd

12

Compliance & Risks Ltd

13

Cartrawler

14

Path XL

15

IIS Ltd

16

Rehabstudio Ltd

17

Emydex Technology Ltd

18

H2 Compliance

19

Seopa

20

Medserv

21

Novosco

22

Espion Limited

23

Leaf Consultancy Limited

24

First Derivatives plc

25

Viatel

26

Action Point Technology Limited

27

Export Technologies Ltd

28

Trilogy Technologies

29

TERMINALFOUR

30

Excelsys Technologies Limited

31

Exigent Networks

32

Nostra

33

Advanced Manufacturing Control Systems Limited

34

Openet

35

Creme Global

36

Monex Financial Services Ltd

37

Learning Pool Ltd

38

Savvy

39

Integrity Solutions

40

Welltel

41

HiberniaEvros Technology Group

42

Catalyst 2

43

Topfloor

44

Blueface

45

Camara Education

46

Rockall Technologies

47

Etain

48

Data Solutions Limited

49

Team Solutionz Ltd

50

Openmind Networks


County breakdown

Dublin – 27 companies

Ranking Company
2 ding*
3 Impedans Ltd
4 Tickets.ie
5 Slainte Healthcare
10 ITQuotes
13 Cartrawler
15 IIS Ltd
17 Emydex Technology Ltd
18 H2 Compliance
20 Medserv
22 Espion Limited
25 Viatel
28 Trilogy Technologies
29 TERMINALFOUR
32 Nostra
34 Openet
35 Creme Global
38 Savvy
39 Integrity Solutions
40 Welltel
41 HiberniaEvros Technology Group
43 Topfloor
44 Blueface
45 Camara Education
46 Rockall Technologies
48 Data Solutions Limited
50 Openmind Networks

 

Antrim – 11 companies

Ranking Company
6 Instil Software
7 Sixteen South Ltd
14 Path XL
16 Rehabstudio Ltd
19 Seopa
21 Novosco
23 Leaf Consultancy Limited
27 Export Technologies Ltd
42 Catalyst 2
47 Etain
49 Team Solutionz Ltd
   


Cork – 7 companies

Ranking Company
1 Inhance Technology
8 Voxpro Ltd
9 Spearline Labs Limited
11 AspiraCon Ltd
12 Compliance & Risks Ltd
30 Excelsys Technologies Limited
31 Exigent Networks


Derry – 1 company

Ranking Company
37 Learning Pool Ltd


Down – 1 company

Ranking Company
24 First Derivatives plc


Limerick – 2 companies

Ranking Company
26 Action Point Technology Limited
33 Advanced Manufacturing Control Systems Limited


Kerry – 1 company

Ranking Company
36 Monex Financial Services Ltd

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The information contained in this press release is correct at the time of going to press.

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