Wednesday 2nd November 2016

Zinopy ranks in Deloitte Technology Fast 50

Zinopy attributes 26% revenue growth to innovative service offerings and excellent customer service

Zinopy is proud to announce that it ranked number 45 in the Deloitte Technology Fast 50 2016, a ranking of the 50 fastest growing technology companies in Ireland. Rankings are based on average percentage revenue growth over four years.

Zinopy’s CEO, John Ryan, credits innovative services and unwavering customer focus with the company’s growth over the past four years. He said, “I am delighted with this recognition of our team’s success. Making the Deloitte Fast 50 list for the first time is a fantastic achievement, and we are accelerating our growth with the opening of our Security Operation Centre (SOC), the expansion of our range of service offerings and through an investment program of continuous recruitment, training and up-skilling of employees. Our workforce will increase by 50% to support this growth.”

The Deloitte Fast 50 measures Ireland’s fastest growing indigenous companies in the tech sector. The awards, which are in their seventeenth year in Ireland, recognise the contribution of indigenous companies to the overall technology sector in Ireland, and indeed the overall economy. Cumulatively, the 2016 Fast 50 winners generated approximately €1.6 billion in total annual revenues in 2015. The average revenue of companies featuring on the ranking was approximately €31 million, while the average growth rate of the companies over the last four years was 270%. On average, exports account for 61% of turnover for this year’s winning companies, while R&D expenditure represents just under a fifth of turnover (18%).

Announcing the winners of the Deloitte Technology Fast 50 programme, Joan O’Connor, Partner, Deloitte said:

“We are delighted to be recognising these exceptional and innovative Irish companies. Their contribution to the technology sector is critical to the success of the industry overall in Ireland and it is clear from the turnover derived from exports that they are having considerable success in global markets also. This ambition is hugely encouraging to see and will be increasingly important in a post-Brexit marketplace, where pressure on margins may necessitate diversification into other markets. For this reason, and due to the wealth of opportunity that presents itself, we expect developed and emerging markets to be increasingly important for Irish technology companies. The success that has been achieved to date by the indigenous technology sector leaves them well placed to capitalise on this momentum.”

The Deloitte Technology Fast 50 Awards took place in Dublin on 4 November 2016 and was hosted by science and technology journalist Jonathan McCrea. Keynote speaker on the night was Mark Casey, Managing Director, Global Media & Entertainment Leader, Technology, Media & Telecommunications, Deloitte.

John Ryan, CEO, Zinopy and Aidan McEvoy, Sales Director, Zinopy at the Deloitte Fast 50 Awards ceremony on 4th November 2016