Welltel ranked 39 in Deloitte Technology Fast 50 2015

By November 16, 2015 October 25th, 2017 awards, Business insight, deloitte fast 50

Welltel attributes its growth to a great team, great customers and great communications services.

Dublin 4, 16/11/2015

Welltel today announced that it ranked number 39 in the 2015 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Ireland. Rankings are based on average percentage revenue growth over four years. Welltel finished in a similar position in the 2014 awards

Welltel’s MD, Ross Murray, credits a great team and great customers with the company’s growth over the past four years. He said, “We are delighted to be recognised in the Fast 50 for a second consecutive year. We have a really great team, a great range of comunications services and having recently completed our first acquisition we believe we can grow at an even faster pace for the next few years.

The awards, which are in their sixteenth year in Ireland, demonstrate the strength of the indigenous technology sector in Ireland. Cumulatively, the 2015 Fast 50 winners generated approximately €480 million in total annual revenues in 2014. The average revenue of companies featuring on the ranking was €9.5 million, while the average growth rate of the companies over the last four years was 540%.

Announcing the winners of the Deloitte Technology Fast 50 programme, Joan O’Connor, Partner, Deloitte said: “Huge congratulations to the winning companies. The awards showcase the agility, innovation and strength of the industry. The winners epitomise these characteristics. What’s really encouraging is the ambition that is apparent amongst them. On average 58% of turnover amongst the winners is generated by exports. Furthermore, on average, over a quarter of turnover is spent on R&D. The winning companies are making their mark internationally and investing in their companies’ future.”

The Deloitte Technology Fast 50 Awards took place in Dublin on 13 November 2015, hosted by science and technology journalist, and founder of Whipsmart Media, Jonathan McCrea. Keynote speaker on the night was Paul Sallomi, Deloitte U.S. and Global Technology Sector Leader for Technology, Media and Telecoms.

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

Ends

PR Contact: Alan Haverty/Emma Duggan, Welltel Ireland Ltd., 01 2541800

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