For the past 23 years, Deloitte has been recognizing growth and innovation at public and private companies in the technology sector in Ireland. Deloitte assesses companies based on the previous four years of growth, with the top 50 technology companies recognized in the Deloitte 2022 Technology Fast Awards. According to Deloitte, the awards program was created “to recognize the passion and dedication it takes to be an industry disrupter across the technology, media, telecommunications, life sciences, fintech, and energy tech sectors.”
The awards celebrate innovation, entrepreneurship, and the commitment and drive of companies in Ireland’s indigenous technology sector. Inclusion in the list is a great honor. This year, TitanHQ is proud to announce that the company has been recognized at the Deloitte 2022 Technology Fast Awards for the second year in a row, ranking in 45th place in 2022.
Announcing the awards, David Shanahan, Partner, Deloitte said, “Congratulations to all of the companies that ranked this year. As the business environment becomes more complex, the Irish technology sector has shown great resilience and tenacity. He went on to say, “This year’s ranking shows growth across a broad range of sectors with companies coming up with innovative solutions to address changing consumer and business demands while faced with adversity.”
This year, the top 50 fastest-growing companies have generated around €500 million in total annual revenues, with an average of €10 million per company. The average growth rate for each company was 594%. These companies employ over 5,500 people and have made a huge contribution to the economy and have given local people a tremendous opportunity to pursue successful careers in the technology sector. Encouragingly, this year has seen an increase in the number of female CEOs, with 7 of the companies in the top 50 now being led by women. This year has also seen 17 companies break into the top 50 for the first time, and 7 of those companies have gone straight into the top 10.
It has certainly been a great year for TitanHQ, which has continued to enjoy strong organic year-over-year growth, at home and internationally. The company’s cybersecurity products have been in high demand as companies around the world have been looking to improve their cybersecurity defenses against increasingly sophisticated cyber threats. TitanHQ has risen to the challenge and has broadened its product portfolio to help SMBs, enterprises, and managed service providers (MSPs) improve their defenses through product innovation and strategic acquisitions. The company has brought two new cybersecurity products to market – SpamTitan Plus and SafeTitan. The former delivers industry-leading protection against phishing, and the latter is a security awareness training and phishing simulation platform that helps businesses improve their human defenses.
For TitanHQ, the impressive growth has been helped by investment from a private equity firm which has allowed the company to make strategic acquisitions, launch new products, improve the existing portfolio of cybersecurity solutions, make strategic hires and improve investment in people. ‘Organic year-on-year growth and recent significant investment have turbocharged TitanHQ’s growth. This has allowed TitanHQ to accelerate ambitious growth plans through increased investment in product development – and in people,” said TitanHQ CEO, Ronan Kavanagh.