Fifteen companies from Northern Ireland have been ranked in the all island Deloitte Technology Fast 50 2017, making it a record year for local companies since the awards began eighteen years ago.
A leading online shopping platform which was set up in a bedroom in Belfast secured the highest regional position in the acclaimed technology growth index. Ozaroo Retail ranked in sixth place out the 50 fastest growing tech firms in Ireland for the second year in a row.
The online retail company was founded in 2010 by brothers Chris and Conor Martin. They have since grown the company to become a leading seller of consumer goods. Orazoo use a multi-channel approach through a broad range of websites, including eBay, to deliver a world-class shopping experience.
The awards, now in their 18th year, rank Ireland’s fastest growing technology companies and recognise indigenous technology companies that have demonstrated exceptional growth in turnover in the last four years. The Fast 50 programme is regarded as a barometer of a company’s success and provides it with a hugely valued, respected and marketable ‘badge of honour’.
The listed companies from Northern Ireland were: AquaQ Analytics, Engaged Web, Fathom, Flint Studios, JAR Technologies, Leaf, Learning Pool, Lucid Interactive, Neueda, Origin Digital, Ozaroo, P2V Systems, Repstor, Tascomi and The Web Bureau.
AquaQ Analytics, JAR Technologies, Fathom, Lucid Interactive, Origin Digital and Repstor Limited were listed for the first time this year.
Cumulatively, the 2017 Fast 50 winners generated approximately €858m in total annual revenues in 2016. The average revenue of companies featuring on the ranking was approximately €17m, while the average growth rate of the companies over the last four years was 290 per cent.
Peter Allen, partner at Deloitte, said: “The Fast 50 awards celebrate innovation and entrepreneurship across the island of Ireland and provide an excellent opportunity to showcase the achievements of businesses in the tech sector. It is a testament to the continued growth of the Northern Irish technology industry that we have seen the number of local companies on the listing grow this year.”
The Deloitte Technology Fast 50 Awards took place in Dublin on 3 November 2017 and were hosted by science and technology journalist, and founder of Whipsmart Media, Jonathan McCrea. Keynote speaker on the night was Duncan Stewart, Director of Technology, Media and Telecommunications Research at Deloitte Canada.
Details of the final Technology Fast 50 ranking list are available to download at www.fast50.ie.