Business

Record year for Northern Irish companies as 15 feature in Deloitte Technology Fast 50

Deloitte partners Peter Allen (left) and Louise Kelly (right) congratulate Chris Martin and Conor Martin from Ozaroo on being placed sixth on the Fast 50

FIFTEEN companies from Northern Ireland have been ranked in the all island Deloitte Technology Fast 50 2017 - a record since the awards began 18 years ago.

An 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, founded in 2010 by Chris and Conor Martin, ranked in sixth place out of the 50 fastest-growing tech firms in Ireland for the second year in a row.

The brothers have since grown the online retail 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 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 (details at www.fast50.ie) is regarded as a barometer of a company’s success and provides it with a hugely valued, respected and marketable ‘badge of honour’.

A number of Northern Ireland companies have featured in the list on at least one occasion before, but among those making the Fast 50 for the first time were AquaQ Analytics, JAR Technologies, Fathom, Lucid Interactive, Origin Digital, Repstor Limited and The Web Bureau.

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 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.”

:: This is where the 15 Northern Ireland companies featured on the 2017 Fast 50 league:

6 - Ozaroo (Co Antrim)

10 - P2V Systems (Co Antrim)

11 - Repstor (Co Antrim)

13 - Engaged Web (Co Antrim)

26 - JAR Technologies (Co Antrim)

28 - Lucid Interactive (Co Derry)

30 - Fathom (Co Antrim)

32 - Neueda (Co Antrim)

34 - AquaQ Analytics (Co Antrim)

36 - The Web Bureau (Co Antrim)

40 - Tascomi (Co Down)

42 - Flint Studios (Co Antrim)

43 - Origin Digital (Co Antrim)

46 - Learning Pool (Co Derry)

50 - Leaf (Co Antrim)

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