In total, seven companies from Munster have secured positions in Ireland’s best known technology growth index, the Deloitte Technology Fast 50 ranking and were recently recognized at an awards ceremony held in the Clayton Hotel, Dublin.
Five Cork-based companies – Teamwork.com (position 12), Spearline (15), Granite Digital (18), Aspira (29), and StudioForty9 (45) – were recognized, with two companies from Limerick listing in the top 50, Asystec (14) and Action Point Innovation Limited (25).
For the third year in a row, eShopWorld has secured the top spot the ranking, with the company, a leader in global eCommerce and logistics management, achieving a growth rate of 3632% over the last four years.
The winning company will now travel to Silicon Valley, on a trip tailored by Silicon Valley Bank, to suit their growth trajectory where they will meet with key investors, strategic partners and prospects.
The awards, now in their 18th year, rank Ireland’s fastest growing technology companies and recognises indigenous technology companies that have demonstrated exceptional growth in turnover in the last four years.
The Fast 50 programme is recognised as a barometer of a company’s success and provides it with a hugely valued, respected and marketable, public ‘badge of honour’.
Cumulatively, the 2017 Fast 50 winners generated approximately €858 million in total annual revenues in 2016.
The average revenue of companies featuring on the ranking was approximately €17 million, while the average growth rate of the companies over the last four years was 290%.
Companies from the other provinces include 27 of the winners from Leinster, 15 in Ulster, while Connaught has one company making the Top 50 listing.
Details of the final Technology Fast 50 ranking list are available to download at www.fast50.ie.