Dublin, Ireland, November 30th– CWSI today announced that it ranked number 15 in the 2023 Deloitte Technology Fast 50 Awards, a ranking of the 50 fastest growing technology companies in Ireland. Rankings are based on average percentage revenue growth over four years.
The Deloitte Technology Fast 50 Awards is one of Ireland’s foremost technology award programmes. It is a ranking of the country’s 50 fastest-growing technology companies based on revenue growth over a four-year period, and this year marks 24 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.
This is CWSI’s third consecutive year of being included in the Fast 50, having previously placed 32nd in 2021 and 33rd in 2022. This achievement reflects our strong performance and growth over the past five years, as well as our commitment to delivering exceptional solutions and services to our customers.
Cumulatively, the 2023 Fast 50 winners generated over €3 billion in total annual revenues and now employ over 8,800 people. The average revenue of companies featured in the ranking was approximately €10 million, while the average growth rate of the companies over the last four years was 721%. The awards programme also saw 15 new entrants appearing on the ranking for the first time. The companies ranked identified finding, hiring and retaining top talent and international expansion as two of the biggest challenges they face trying to grow their company.
Announcing the winners of the Deloitte Technology Fast 50 programme, James Toomey, Partner and Fast 50 lead, Deloitte said:
“Congratulations to all the companies that ranked this year. The Fast 50 awards are an important and exciting moment for Ireland’s indigenous tech industry to reflect on the growth and challenges they have experienced over the past year. Even though this has been a difficult year for tech companies, there are encouraging indicators in these rankings that show the strength of Ireland’s indigenous sector and that our homegrown talent continues to play an important role in building the future of technology. Supporting this ecosystem is not just an investment in innovation, it’s an investment in our collective progress, and networks like Fast 50 are an ideal opportunity to connect and learn from other companies.”
In addition to announcing the ranking of the Fast 50 companies, the Deloitte Technology Fast 50 Awards included a number of additional award categories. The winners of these awards this year were:
Scale Up Award in association with Scale Ireland
Winner: Siren
This award recognises a company that has demonstrated an impressive ability to scale up or expand overseas over the last four years.
Growing New Technology Award in association with Google
Winner: Brightflag
This award is for a company that has created or introduced a new or innovative product or service to international markets that has helped grow their business over the last four years.
Impact Award in association with Meta
Winner: XOCEAN
This award is for a company that has made a significant impact within the current year.
Advocate for Women in Technology Award in association with Netsuite
Winner: Laura Haldane, Co-Founder and VP of Sales and Marketing, SciLeads
This award is given to an individual who has demonstrated through their actions that they are an advocate for increasing participation by and promotion of women in the technology sector.
Financial Services Innovation Award in association with Financial Services Ireland
Winner: ID-Pal
This award recognises a company with an innovative product or services that is having a disruptive impact within the financial services industry.
Rising Star Award in association with Enterprise Ireland
Winner: Green Rebel
This award is given to a company who demonstrates a promising growth trajectory and the potential for inclusion in the Fast 50 rankings in years to come.
Alumni Award
Winner: Fenergo
This award acknowledges a company that has played a major role in the Fast 50 programme to date.
The Deloitte Technology Fast 50 ranking features both private and public listed technology companies that have demonstrated innovative strategies, sound management practices and marketplace vision, driving them to achieve the status of high-growth leaders. Full details on the winners can be found at www.fast50.ie.
