Deloitte launches Tech Fast 50 Awards

9 Jul 2007

From today, thriving and emerging Irish technology companies will be able to enter the Technology Fast 50 Awards, an independently ranked list by business advisory firm, Deloitte.

The awards are now in their eight year, and serve to highlight technology companies that have grown successfully over the last five years, as well as tipping a hat to new businesses in operation for less than five years in the form of the Rising Star award.

“The Fast 50 programme has provided an accurate indication of the up and coming companies within the Irish technology industry for the best part of a decade,” said Mike Hartwell, partner in charge of marketing for Deloitte.

For eligibility the company must have been in business for at least five years, and either produce technology or technology-related products, or be driven by technology, with technology intensive research and development.

Multinational companies with an Irish presence do not qualify, as the organisation must be Irish-owned and have its headquarters here.

Technology companies deemed successful must have had operating revenues of €800,000 in 2006, or in the case of the Rising Star category, at least €30,000 for 2004.

Last year’s winner Xsil, manufacturers of laser micro-machining systems said the Fast 50 award had considerably impacted on its recognition and market presence.

“We learned an enormous amount by participating in the Deloitte Fast 50; it gave us valuable insights into the key factors that drive Ireland’s most dynamic businesses,” said Peter Conlon, chairman of Xsil.

“Our success last year has meant that potential clients recognise our name and associate it with excellence and strong management practices. It has given us the confidence to see ourselves as leaders in the Irish business community.”

By Marie Boran