Software Asset Management Ireland Ranked 2nd in Deloitte Technology Fast 50

Software Asset Management Ireland attributes its growth on delivering value for its customers.

Dublin, 24/10/2011 — Software Asset Management Ireland (SAMI) today announced that it ranked number 2 in the 2011 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Ireland. Rankings are based on average percentage revenue growth over five years. SAMI grew 6899% percent during this period.

SAMI’s CEO, Dualta Moore, credits delivering real customer value and an energetic and flexible team with the company’s 6899% revenue growth over the past five years. He said, “We’re delighted to be again recognised by Deloitte’s for the growth achieved over the last number of years. After ranking 1st last year, this year’s 2nd place affirms the company’s strong emphasis on delivering on customer requirements. We look forward to continuing to meet our customer expectations we will be challenging hard to regain our Deloitte Technology Fast50 crown next year.”

The Fast 50 programme, now in its twelfth year in Ireland, ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland. This year, there are 14 companies from Northern Ireland in the ranking. The average growth rate of the Fast 50 companies named in this year’s ranking is 674%.

Announcing the winners of the Technology Fast 50 programme, David O’Flanagan, Partner, Deloitte said: “Looking at the list of Deloitte Fast 50 winners in 2011, it becomes clear that we are witnessing the second wave of Irish technology companies starting to mature. In 2001, companies such as Conduit, Horizon Technologies and Iona were riding high as Fast 50 winners; ten years on and there are new kids on the block who mirror their predecessors in having great ideas and understand that to grow they have to go global.”

The awards took place in the Dublin Convention Centre on Friday 21st October. Industry figures speaking at the event included Maurice Mortell, Managing Director, Telecity Group Plc (former CEO Data Electronics) and Regina Moran, CEO, Fujitsu. Sponsors of the event were William Fry and Tughans.

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

Editor’s Notes:

About Software Asset Management Ireland (SAMI)

Software Asset Management Ireland (SAMI) is one of the leading suppliers of software and information technology solutions in Ireland to the education and voluntary sector.

Established in 2003, we have forged a strong working partnership with the local Microsoft team, which has enabled us to act as solution experts in dealing with our customers. Since then we have forged partnerships with leading suppliers of software in the Education sector such as Adobe, Nuance, Mindjet and Kaspersky.

SAMI have supported the education sector in Ireland further by developing Edvance, a total ICT solution for Irish schools. The Edvance concept was established as a result of our experiences within schools and collaboration with leading figures in the Irish education sector. This market leading product, fully developed in Ireland, allows Schools to focus on education and leverage the benefits of technology. With Edvance, Irish primary schools can use the latest collaborative tools to enhance the learning experience for their pupils and provide essential digital skills.

From small beginnings in 2003 the company now employs over 30 employees in Dublin.

About the Deloitte Technology Fast 50 Programme

To enter the Fast 50 Awards, companies must meet the criteria listed below.

Entry Criteria:

  • Entrants must have been operating for a minimum of five years, with a turnover of at least €50,000 for 2005.
  • Entrants can be public or private companies but the parent company must be headquartered in the Republic of Ireland or Northern Ireland. Subsidiaries or divisions do not qualify.
  • Each entrant must be a technology company defined as producing technology; manufacturing technology-related products; being technologically intensive or using technology in problem-solving; or devoting a high percentage of effort to the research and development of technology.

Rising Star category

Companies who wish to enter the programme, which have not been in business for the minimum 5 years may qualify for the Rising Star category on satisfaction of the following criteria:

  • Entrants must have been operating for a minimum of three years and less than five years, with turnover of at least €30,000 for 2007.
  • Entrants can be public or private companies but the parent company must be headquartered in the Republic of Ireland or Northern Ireland. Subsidiaries or divisions do not qualify.
  • Each entrant must be a technology company defined as producing technology; manufacturing technology-related products; being technologically intensive or using technology in problem-solving; or devoting a high percentage of effort to the research and development of technology.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/ie/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

The information contained in this press release is correct at the time of going to press.

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