Catagen is top NI company in 2019 Deloitte Tech Fast 50

  • Photo: Peter Allen, Partner at Deloitte (R) is pictured with Dr Andrew Woods (L), CEO of Catagen.

    Limerick company Electricity Exchange has taken the number one spot in the 2019 Deloitte Technology Fast 50 ranking, with Belfast-based Catagen coming in second.

    Both companies are new entrants to the awards, which ranks the country's 50 fastest growing technology companies based on revenue growth over the last four years.

    This year marks 20 years of the programme “celebrating innovation and entrepreneurship” in the island’s indigenous technology sector.

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    Electricity Exchange is a “provider of demand side management, power system analytics and smart grid technologies to commercial energy users”, according to its website. The company achieved a growth rate of 1442% over the last four years.

    Catagen Ltd is an after-treatment automotive emissions specialist; delivering advanced solutions that it claims will have direct impact on cities and air quality. It achieved second spot with a four year growth rate of 1162%.

    There was also success for Northern Ireland-based companies in awards presented in addition to the overall ranking. These included the cyber security award, which was presented to Belfast-based Titan IC, who also took home the Innovative New Technology Award, presented in association with Google.

    Catherine Harrison of Newry-based First Derivatives was also recognised with the Women in Technology Advocate Award in association with Vodafone.

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    Cumulatively, the 2019 Fast 50 winners generated approximately €3.6b in total annual revenues in 2018 and 18 new companies were listed on the ranking.

    All four provinces are featured in this year’s awards. 28 of the winners are Leinster-based, 13 are headquartered in Ulster, followed by Munster with eight firms and Connacht with two.

    51 companies are listed overall, as ChannelSight and Flint Studios achieved the same growth rate and are jointly ranked at position 49. Overall, 14 counties are represented in the 2019 listing.

    Peter Allen is a Partner at Deloitte and said: “Since 2000, the awards have showcased an innovative and diverse range of technology companies from across the island of Ireland, and this year is no different. Over this time, we have seen local technology companies capitalise on the opportunities presented by global changes.”

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    About the author

    Niamh is a Sync NI writer with a previous background of working in FinTech and financial crime. She has a special interest in sports and emerging technologies. To connect with Niamh, feel free to send her an email or connect on Twitter.

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