Neueda ranked in Deloitte Technology Fast 50 again

Neueda has been ranked in the 2017 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Ireland, for the third consecutive year. Rankings are based on average percentage revenue growth over four years.

The awards, now in their 18th year, rank Ireland’s fastest growing technology companies and recognises indigenous technology companies that have demonstrated exceptional growth in turnover in the last four years. The Fast 50 programme is recognised as a barometer of a company’s success and provides it with a hugely valued, respected and marketable, public ‘badge of honour’.

Brendan Monaghan, CEO, Neueda said:

“We are thrilled to be included in the Deloitte Fast 50 Technology rankings for the third consecutive year.

“Neueda continues to grow thanks to the support of a fantastic team of innovative, dedicated people who are committed to delivering our ambitious plans.

“Our presence in the Deloitte Fast 50 serves as recognition to our staff, reassurance to our customers and motivation to the rich talent pool we hope to continue to attract into our business.”

Cumulatively, the 2017 Fast 50 winners generated approximately €858 million in total annual revenues in 2016. The average revenue of companies featuring on the ranking was approximately €17 million, while the average growth rate of the companies over the last four years was 290%.

Announcing the winners of the Deloitte Technology Fast 50 programme, Peter Allen, Partner, Deloitte (NI) Ltd said: “Each year, these awards showcase the very best of the Irish technology industry. What really strikes me this year is the focus the winning companies have on global markets – we estimate just under 90% of our winning companies’ revenues are generated by exports – this demonstrates the ambition and drive of Irish technology companies to diversify and the global nature of this business.

“Last year we highlighted that export markets would become increasingly important for the indigenous sector, given the Brexit challenge – and it’s clear the Fast 50 companies are tackling this challenge head on.

“These awards offer a glimpse into the future of the technology market for venture capitalists and multinational companies and also provide an excellent opportunity for businesses to highlight their achievements, their future ambitions and aspirations in the global marketplace. Congratulations to all our winners.”

The Deloitte Technology Fast 50 Awards took place in Dublin on 3 November 2017. Keynote speaker on the night was Duncan Stewart, Deloitte Canada with Deloitte representatives from a number of member firms present and Silicon Valley Bank personnel.

Details of the final Technology Fast 50 ranking list are available to download at www.fast50.ie