16th November 2012 – Capstone today announced that it ranked 40 in the 2012 Deloitte Technology Fast 50, a ranking of the fastest growing technology companies in Ireland. Rankings are based on average percentage revenue growth over five years.
With record numbers of entries, 2012 is the first year for the innovative telecommunications company to be shortlisted. Recognised for their year-on-year growth, Capstone has experienced massive increases in sales of Unified Communications technology and Managed Services.
Commenting on their achievement, Fergus Kelly, Capstone CEO said ‘In our industry, the Fast 50 companies are always the ones to watch! It is such a huge achievement for us to this year be one of those companies. We can directly attribute our growth to expansion into Europe and the demand and uptake in the use of Unified Communication tools such as video by multinationals.’
Kelly continued ‘It is a testament to the hard work and dedication of our brilliant team of clever individuals. Our approach to inventing new and better ways of doing things means we are now connecting over 100 clients across 30 countries. We see the future as a global company and this recognition has reinforced that vision.’
The Fast 50 programme, now in its thirteenth year in Ireland, ranks the fastest growing technology companies in the Republic of Ireland and Northern Ireland. The average growth rate of the Fast 50 companies named in this year’s ranking is 556%. Shortlisted firms go on to compete in the Deloitte Top 500 for European bsuinesses.
Announcing Capstone’s ranking, Richard Howard, Partner with Deloitte said: “Each year, we are considerably enthused by the resilience and tenacity of the indigenous technology sector as they demonstrate high levels of growth amidst challenging economic times. One of the key drivers of this growth has been their ability to capitalise on international markets. Many Irish companies now have an increased focus on international expansion as a way to drive sustainable growth. The indigenous technology sector has been a trailblazer in this regard – some of our most successful technology companies have long been internationalising their IP and reaping the rewards. It’s encouraging to observe that so many of our Fast 50 winning companies are seeking to exploit both local and global markets to their best advantage.”
The awards took place in the Guinness Storehouse on Friday 16 November. Dr Chris Horn, co-founder and former CEO Iona Technologies, was keynote speaker at the event. It was heavily attended by CEOs and Directors from the country’s most innovative technology companies. Details of the Deloitte Technology Fast 50 ranking list are available to download at www.fast50.ie.
Kelly concluded ‘It is an honour for Capstone to be placed on such a prestigious list of our peers from the technology sector. We look forward to 2013!’