Skibbereen, Cork, 22 December 2019 — Spearline today announced that for the seventh consecutive year, it is among the top half of the 50 fastest growing technology companies in Ireland. The tech company ranked in the 2020 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.
Speaking about the company’s growth, Kevin Buckley, Co-Founder and CEO at Spearline said: “To be one of the fastest growing tech companies in Ireland for the seventh year in a row is testament to our products, people, customers and innovation. We respond to customers internationally by growing our company - our team and global coverage - and adapting our products. This is at the heart of what we do. Given the unforeseen impact of Covid-19, we took an early defensive position and prioritised supporting our existing customers by helping them with their communications needs. As we have monitored telecommunications trends emerging from lockdowns and work-from-home, we have brought some priorities to our product development teams, recognising that the communications habits we are now seeing are here for the long-term.”
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 the last four years, and this year marks 21 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.
Cumulatively, the 2020 Fast 50 winners generated approximately €3.3 billion in total annual revenues and employed over 4,600 people in 2019. The average revenue of companies featured in the ranking was approximately €90 million, while the average growth rate of the companies over the last four years was over 400%. Compared with last year, there are 13 new companies on the ranking.
Companies from across three provinces are featured in this year’s awards. 32 companies are Leinster-based, with 11 from Ulster and 8 from Munster*. Overall, 10 counties are represented in the 2020 listing.
Announcing the winners of the Deloitte Technology Fast 50 programme, David Shanahan, Partner, Deloitte said: “Every year at the Fast 50 Awards, we celebrate the incredible innovation and entrepreneurship displayed by Irish tech companies and the immense contribution they make to our economy. Irish tech companies have truly outdone themselves this year. It is inspiring to see the countless examples of companies who, over the last year, have demonstrated resilience, innovated, adapted and thrived in the face of uncertainty and new challenges. We’re delighted to be supporting and recognising these companies through the Fast 50 Technology Awards programme. Over the last 21 years, the Fast 50 has become the benchmark of success for Irish tech companies.”
Details of the final Technology Fast 50 ranking are available to download at www.fast50.ie
Notes to editor
* 51 companies are listed in the 2020 ranking, as Intellicom and TEKenable achieved the same growth rate and are jointly ranked at position 50.
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Spearline is a technology company that proactively monitors toll and toll-free numbers for audio quality and connectivity globally. It is headquartered in Skibbereen, Co Cork, Ireland and has offices in Waterford (Ireland), Romania and India. The Spearline platform enables enterprises and telecommunications service providers to test connectivity and audio quality on global telecoms networks, testing automatically at volume. Spearline has conducted millions of test calls worldwide, resulting in billions of data-points. It has global network coverage and operates a 24 hours per day, 365 days per year support service for its international customers.
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