Industry & Business

xSellco Takes Top Spot in 2018 Deloitte Technology Fast 50 Ranking

xSellco Takes Top Spot in 2018 Deloitte Technology Fast 50 Ranking

xSellco Takes Top Spot in 2018 Deloitte Technology Fast 50 Ranking
November 09
10:38 2018

E-commerce software company xSellco has secured the top spot in Ireland’s best known technology growth index – the Deloitte Technology Fast 50 ranking. The company, which achieved second spot in last year’s ranking, placed one better in 2018 with a growth rate of 2874% over the last four years. xSellco provides innovative products that allow e‑commerce businesses of all sizes to fulfill their potential.

The awards, now in their 19th year, rank Ireland’s fastest growing technology companies and recognise indigenous technology companies that have demonstrated exceptional growth in turnover in the last four years.

eShopWorld, having topped the ranking for the previous three years, continued its impressive run by achieving second position in the 2018 ranking. The company is a leader in global e-commerce and logistics management, with a world-class modular solution that gives online retailers control over the end-to-end customer journey—from global checkout to returns. mAdme Technologies, which revolutionises mobile advertising and engagement by seamlessly connecting mobile operators and brands to customers, achieved third place.

Cumulatively, the 2018 Fast 50 winners generated approximately €2.5 billion in total annual revenues in 2017. The average revenue of companies featured in the ranking was approximately €50 million, while the average growth rate of the companies over the last four years was 373%. Compared with last year, there are 17 new companies on the ranking. 12 of these are first-time entrants, while five companies have re-entered the list, having featured in previous years.

All four provinces are featured in this year’s awards. 27 of the winners are Leinster-based, 14 are based in Ulster, followed by Munster with 8 companies, and Connacht with 1 company. Overall, 12 counties are represented in the 2018 listing.

Announcing the winners of the Deloitte Technology Fast 50 programme, David Shanahan, Partner, Deloitte, said: “Congratulations to our 2018 Deloitte Technology Fast 50 companies. Through these awards, we recognise Irish technology companies that are at the cutting edge, using technology for progress, to address the challenges that we all face and to create opportunities, both for themselves and for those that use their products.

“We know that these companies are operating in an uncertain international marketplace. And yet they are prospering against this backdrop—in fact, it was particularly evident this year that the vast majority of revenues for the ranking companies are coming from export markets. This demonstrates the impact Irish indigenous tech companies are having in global markets.”

As the prevalence and sophistication of cyber threats increases, 2018 also saw the introduction of a cyber security award. Open to companies that are focused on developing cyber security solutions and that devote a significant portion of income to R&D, the award is an acknowledgement of the innovative and cutting-edge solutions that are being developed by Irish companies. The inaugural winner of this award was SensiPass. SensiPass provides strong multifactor authentication solutions and serves companies in markets driven by regulatory drivers to improve security and compliance, such as financial institutions, healthcare, and critical infrastructure.

For the second year running, Deloitte and Silicon Valley Bank partnered in the fintech award category. This category reflects the importance of financial services to Ireland’s future economic growth and how companies within the fintech sector are influencing this space with their technology and innovation. The winner of the award this year was Fenergo, the leading supplier of client lifecycle management, AML/KYC compliance and client data management solutions for investment, corporate, commercial and private banks. As the winner of this category, Fenergo will be brought to Silicon Valley, USA, on a trip tailored to suit their growth trajectory where they will meet with key investors, strategic partners and prospects.

Clive Lennox, Director of Irish Business Development at SVB Financial Group, said: “Silicon Valley Bank works with fintech businesses from Stripe to WorldRemit and we’re honoured to support the fintech award for the second consecutive year. I’d like to extend our congratulations to Fenergo, an impressive Dublin-based business. We look forward to welcoming the Fenergo team to Silicon Valley next year for the winner’s trip.”

2018 MNC Patron Awards

Emphasising the importance of the relationship between multinationals and indigenous companies, the MNC patron awards recognised the following companies:

  • Disruptive Technology Award in association with Facebook: mAdme Technologies
  • Innovative New Technology Award in association with Google: DesignPro Automation
  • Export Award in association with Intel: Anam Technologies
  • Leading Female Award in association with Vodafone: Triona Mullane, mAdme Technologies
  • Impact Award in association with PayPal: i3PT Certification.

Details of the final Technology Fast 50 ranking are available to download


Pictured are: Triona Mullane, Founder and CEO, mAdme Technologies (centre), the winner of the Leading female award category in association with Vodafone; with David Shanahan, Partner, Deloitte; and Regina Moran, Vodafone.

2018 Deloitte Fast 50

 1. xSellco Dublin
2. eShopWorld Dublin
3. mAdme Technologies Ltd Dublin
4. I3PT Certification Ltd Dublin
5. HomeSecure Dublin
6. LearnUpon Dublin
7. Future Finance Dublin
8. Mobacar Kerry
9. Spearline Cork
10. Repstor Limited Antrim
11. Fenergo Dublin
12. Welltel Dublin
13. SilverCloud Health Dublin
14. Made to Engage Limited Antrim
15. ThinScale Technology Dublin
16. Aspira Cork
17. Granite Digital Cork
18. Ozaroo Antrim
19. DesignPro Automation Limerick
20. Arkphire Dublin
21. AccountsIQ Dublin
22. Wolfgang Digital Ltd Dublin
23. Asystec Limerick
24. Lucid Interactive Derry
25. Roomex Dublin
26. Anam Technology Dublin
27. Phorest Dublin
28. Neueda Antrim
29. GeoForms Software Limited T/A GeoPal Solutions Dublin
30. SL Controls Ltd Sligo
31. Click&Go Dublin
32. First Derivatives Plc Down
33. Intact Software Louth
34. Action Point Innovation Limited Limerick
35. Integrity360 Dublin
36. Kelsius Donegal
37. Learning Pool Ltd Derry
38. Intellicom Offaly
39. Marino Software Dublin
40. Data Solutions Dublin
41. Export Technologies Limited Antrim
42. AquaQ Analytics Limited Antrim
43. Flint Studios Antrim
44. Global shares Cork
45. Ocuco Dublin
46. TransferMate Global Payments Kilkenny
47. Decision Time Antrim
48. Tascomi Down
49. ITQuotes Dublin
50. The Web Bureau Antrim

About Author



Related Articles

New Subscriber

[contact-form-7 id=”65829″ title=”Subscriber”]


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events