BELFAST-based Catagen has been named the second fastest growing tech firm on the island of Ireland.
The Deloitte Technology Fast 50, ranks the 50 fastest growing IT companies based on revenue growth over the last four years.
Emissions data firm Catagen, which operates from the Channel Commerical Park in the Titanic Quarter, achieved a four year growth rate of 1162 per cent.
Only Limerick’s Electricity Exchange bettered its performance.
A spin-out from Queen’s University, Catagen specialises in solutions for testing automotive emissions.
It was one of 13 firms from the north ranked in the top 50 by Deloitte. Repstor, Sixteen South and IRP Commence were among the other northern companies to make it into the top 25.
Nine of the businesses are Belfast based, with Derry represented by Learning Pool and Lucid Interactive. Antrim-based Decision Time and Newry’s First Derivatives also make into into the table.
Cumulatively, the 2019 Fast 50 winners generated approximately €3.6bn (£3.06bn) in total annual revenues in 2018, with 18 new companies listed on the ranking.
Peter Allen, partner at Deloitte, said: “Since 2000, the awards have showcased an innovative and diverse range of technology companies from across the island of Ireland, and this year is no different.
“Over this time, we have seen local technology companies capitalise on the opportunities presented by global changes. It is fantastic to see so many new entrants perform so strongly in the ranking, and it is encouraging to see these companies use technology innovation to address some of society’s most important issues, from energy solutions to supporting the development of tech talent. We’re delighted to be supporting these companies and recognising them with these awards.”
Friday night’s ceremony also saw additional successes for northern-based companies.
Titan IC from Belfast took home the cyber security award and the innovative new technology award.
Catherine Harrison of First Derivatives was also recognised with the women in technology advocate award.
