WorkPal today announced that it ranked number [insert number] in the 2022 Deloitte Technology Fast 50 Awards, a ranking of the 50 fastest growing technology companies in Ireland. Rankings are based on average percentage revenue growth over four years. [Insert line on receipt of Deloitte 2022 Patron Award if applicable.]
WorkPal’s Managing Director, Britt Megahey, credits a hard-working team and data-driven decisions with the company’s growth over the past four years. He said: “Over the past 10 years we have been working on ensuring we have the right product, the right team and the right strategy to build WorkPal into a software business that is trustworthy and reliable. We have accomplished some great things and invested millions of pounds into developing the product and the team around it. Securing a place in Ireland’s top 50 fastest-growing tech businesses is a huge accomplishment for us and we’re excited to see what the next 10 years have in store.”
The Deloitte Technology Fast 50 Awards is one of Ireland’s foremost technology award programmes. It is a ranking of the country’s 50 fastest-growing technology companies based on revenue growth over a four-year period, and this year marks 23 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.
Cumulatively, the 2022 Fast 50 winners generated approximately €500m in total annual revenues and employed over 5,500 people in 2021. The average revenue of companies featured in the ranking was approximately €10 million, while the average growth rate of the companies over the last four years was 594%. The awards programme also saw 17 new entrants appearing on the ranking for the first time, seven of which were in the top 10. There was also an increase in the number of female CEOs in the ranking with seven organisations led by females making the list.
This year’s ranking features companies from all four provinces with eight counties represented in the rankings. 29 companies are Leinster-based, eight are from Munster, nine are from Ulster, and there are four representatives from Connacht.
Aisléan Nicholson, Deloitte Technology Fast 50 programme partner in Belfast said: “Congratulations to all of the companies across the island of Ireland that ranked this year, in particular the nine from Northern Ireland. As the business environment becomes more complex, the technology sector has shown great resilience and tenacity. This year’s ranking shows growth across a broad range of sectors with companies coming up with innovative solutions to address changing consumer and business demands while faced with adversity. It’s also encouraging to see so many new entrants, including seven in the top ten. Despite the challenges of late, the Irish indigenous tech sector continues to succeed.”
In addition to announcing the ranking of the Fast 50 companies, the Deloitte Technology Fast 50 awards included a number of award categories. The winners of these awards this year were:
- Scale Up Award in association with Scale Ireland
Winner: MCO (MyComplianceOffice)
This award recognises a company that has demonstrated an impressive ability to scale up or expand overseas over the last four years.
- Innovative New Technology Award in association with Google
This award is for a company that has created or introduced a new or innovative product or service to international markets that has helped grow their business over the last four years.
- Impact Award in association with Meta
This award is for a company that has made a significant impact within the current year.
- Advocate for Women in Technology Award in association with Indeed
Winner: Andrea Reynolds, CEO Swoop Funding
This award will be given to an individual who has demonstrated through their actions that they are an advocate for increasing participation by and promotion of women in the technology sector.
- Alumni Award
This award acknowledges a company that has played a major role in the Fast 50 programme to date. This year’s recipient, TransferMate, has featured four times in the ranking to date.
The Deloitte Technology Fast 50 ranking features both private and public listed technology companies that have demonstrated innovative strategies, sound management practices and marketplace vision, driving them to achieve the status of high-growth leaders. Full details on the winners can be found at www.fast50.ie.
The Deloitte Technology Fast 50 Ranking 2022
|7||CR Payroll Solutions Ltd||Kilkenny|
|9||Eppione Holdings Ltd||Dublin|
|18||Locate a Locum||Antrim|
|32||Foods Connected Ltd||Derry|
|40||Conjura Ireland Ltd||Dublin|
|44||AquaQ Analytics Limited||Antrim|
|47||Fibrus Networks Limited||Antrim|
|49||EVAD Technology Group Limited||Dublin|
|50||Snigel Web Services Limited||Dublin|