TitanHQ ranked 45 in the Deloitte 2022 Technology Fast Awards

Galway, Ireland & Shelton, Connecticut - November 25th, 2022.   TitanHQ today announced that it ranked number 45 in the 2022 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. This is the second year in a row TitanHQ has made the list of fastest-growing technology companies.

TitanHQ’s CEO, Ronan Kavanagh, credits strategic acquisitions, new product launches, product development, and strategic hires with the company’s growth over the past four years. He said ‘Organic year-on-year growth and recent significant investment have turbocharged TitanHQs growth. This has allowed TitanHQ to accelerate ambitious growth plans through increased investment in product development - and in people'. 

The Deloitte Technology Fast 50 Awards is one of Ireland’s foremost technology award programs. 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 23 years of the program celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.

Cumulatively, the 2022 Fast 50 winners generated approximately €500m in total annual revenues and employed over 5,500 people in 2021. 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 594%. The awards program also saw 17 new entrants appearing on the ranking for the first time, seven of which were in the top 10. There was also an increase in the number of female CEOs in the ranking with seven organizations led by females making the list.

This year’s ranking features companies from all four provinces with eight counties represented in the rankings. 29 companies are Leinster-based, eight are from Munster, nine are from Ulster, and there are four representatives from Connacht.

Announcing the winners of the program, David Shanahan, Partner, Deloitte said: “Congratulations to all of the companies that ranked this year. As the business environment becomes more complex, the Irish technology sector has shown great resilience and tenacity. This year’s ranking shows growth across a broad range of sectors with companies coming up with innovative solutions to address changing consumer and business demands while faced with adversity. It’s also encouraging to see so many new entrants, including seven in the top ten. Despite the challenges of late, the Irish indigenous tech sector continues to succeed.”

In addition to announcing the ranking of the Fast 50 companies, the Deloitte Technology Fast 50 Awards included a number of award categories. The winners of these awards this year were:

• Scale Up Award in association with Scale Ireland

Winner: MCO (MyComplianceOffice)

This award recognizes a company that has demonstrated an impressive ability to scale up or expand overseas over the last four years.

• Innovative New Technology Award in association with Google

Winner: Thinscale

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:  TEKenable

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 Indeed

Winner: Andrea Reynolds, CEO Swoop Funding

This award will be 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.

• Alumni Award

Winner: TransferMate

This award acknowledges a company that has played a major role in the Fast 50 programme to date. This year’s recipient, TransferMate, has featured four times in the ranking to date.

The Deloitte Technology Fast 50 ranking features both private and publicly 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.

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