Fast 50 tech firms announced
1 April 2005 | 0
Irish based telecoms provider eTel is the latest winner of the Deloitte & Touche Technology Fast 50 Award. The company was set up in 1999, and specialises in cross-border telecommunications in Central Europe. The firm has seen aggregate growth in revenue of 1173 per cent over the past three years.
The third annual Technology Fast 50 programme recognises and ranks the fastest growing technology companies in Northern Ireland and the Republic of Ireland. Topping the list from Northern Ireland was The Data Warehousing Practice; the specialist provider of software products and bespoke services in business process management, data warehousing and business intelligence achieved a growth rate of 975 per cent. In third place, and for the second year running, was Biznet Solutions, an Internet solutions provider, which develops websites and ebusiness solutions, which had an aggregate revenue growth of 781 per cent. Fourth and fifth place went to Macalla Software and Webtrade respectively.
David O’Flanagan, partner with Deloitte & Touche, commented: ‘Despite the difficult global environment Irish technology companies are continuing to grow with average turnover growth of more than 240 per cent in a three-year period. We are delighted to see that many companies have achieved a ranking in all previous Fast 50 programmes including VistaTEC, Connect Global Solutions, Parallel Information Technology and QUMAS.’
To qualify for the Fast 50 Programme, a company must fulfil a number of criteria. It must be in business for a minimum of three years. It should be a technology company — a category which Deloitte & Touche defines as producing technology, manufacturing a technology — related product, being technologically intensive or using unique technology in problem-solving or devoting a high percentage of effort to research and development of technology. The final consideration is that any entrant must have its parent company located in Ireland.