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 Dublin 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.
The awards, now in their 19th year, rank the fastest growing technology companies on the island of Ireland and recognise indigenous technology companies that have demonstrated exceptional growth in turnover in the last four years.
Belfast-based software development company Repstor was the top-ranked Northern Irish company in tenth place. Repstor, which develops enterprise content management software, was one of 13 companies from Northern Ireland to make the list this year.
The full list of Northern Ireland firms to feature on the 2018 Fast 50 is: AquaQ Analytics; Decision Time; Export Technologies; First Derivatives; Flint Studios; Learning Pool; Lucid Interactive; Made to Engage; Neueda; Ozaroo; Repstor; Tascomi; and The Web Bureau.
Swords-based e-commerce and logistics management company eShopWorld, having topped the ranking for the previous three years, continued its impressive run by achieving second position in the 2018 ranking.
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. Compared with last year, there are 17 new companies on the ranking. 12 of them are first-time entrants, while five companies have re-entered the list, having featured in previous years.
Announcing the winners of the Deloitte Technology Fast 50 programme, Peter Allen, Partner, Deloitte NI, said: “Congratulations to our 2018 Deloitte Technology Fast 50 companies. Through these awards, we recognise technology companies that are at the cutting edge, using technology for progress, to address the challenges and to create opportunities, both for themselves and for those that use their products.
“It is encouraging to see 13 Northern Ireland-based companies featured on the list. All of these companies have been on the Fast 50 before, which suggests they have enjoyed sustained growth over a number of years.
“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.”
Related article: Export Technologies Limited ranked 41st in Deloitte Technology Fast 50 2018
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