New entrant Everseen takes top spot in 2020 Deloitte Technology Fast 50 Awards

Thursday 17 December 2020

Cork company Everseen has taken the top spot in Deloitte’s 2020 Fast 50 Technology Awards. Founded in Cork in 2007, the company develops computer vision and artificial intelligence solutions for some of the world’s largest retailers. A new entrant to the Fast 50 programme this year, Everseen achieved a growth rate of 2,879% over the last four years.

The Deloitte Technology Fast 50 Awards is one of Ireland’s foremost technology award programmes. It is a ranking of the country's 50 fastest-growing technology companies based on revenue growth over the last four years, and this year marks 21 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.

Reacting to the win, Everseen CEO, Alan O’Herlihy said:

Dublin-based company Webio, another new entrant to the ranking, achieved second spot with a growth rate of 2,794%. The company uses conversational automated intelligence to improve customer engagement: having broken into Europe this year, they plan to bring their platform to the US market by the end of 2020.

The third spot was taken by another new entrant to the ranking, Dublin-based Flipdish. The company operates globally, offering a digital ordering and marketing system to restaurants, cafés and takeaways. It achieved a growth rate of 1960%.

Cumulatively, the 2020 Fast 50 winners generated approximately €3.3 billion in total annual revenues and employed over 4,600 people in 2019. The average revenue of companies featured in the ranking was approximately €90 million, while the average growth rate of the companies over the last four years was over 400%. Compared with last year, there are 13 new companies on the ranking.

Companies from across three provinces are featured in this year’s awards. 32 companies are Leinster-based, with 11 from Ulster and 8 from Munster*. Overall, 10 counties are represented in the 2020 listing.

Announcing the winners of the Deloitte Technology Fast 50 programme, David Shanahan, Partner, Deloitte said:

This year’s awards programme included an inaugural Alumni Award category in addition to the overall ranking. The Alumni Award recognises a company that has played a major part in the Fast 50 Programme to date, having ranked in the number one spot for three consecutive years from 2015 to 2017. This year’s Alumni Award winner is Tommy Kelly, CEO of eShopWorld, a global commerce partner to many of the world’s most iconic retail brands that was launched in Dublin in 2010.

2020 MNC Patron Awards

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

• Innovative New Technology Award in association with Google
  Winner: Everseen

This award is for the company that has created or introduced a new or innovative product or service to International markets that has helped grow their business over the last four years.

• Impact Award in association with Facebook
  Winner: SilverCloud Health

This award is for the company that has made the most significant impact within the current year.

• Women in Technology Advocate Award in association with Vodafone
  Winner: Vicki Reynolds, CTO, i3PT certification.

This award is given to someone who has demonstrated through their actions that they are an advocate for increasing participation by and promotion of women in the technology sector.

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

Issued by Murray on behalf of Deloitte Ireland
For Further Information Please Contact

Orna Clarke
Murray
01 498 0300
087 6770360
oclarke@murrayconsultants.ie

Fiona MacCarthy
Deloitte
086 825 0027
fmaccarthy@deloitte.ie

About the Deloitte Technology Fast 50 Programme

To enter the Fast 50 Awards, companies must meet the criteria listed below. Entries must be submitted electronically via the application link at www.fast50.ie, with the necessary supporting documents.

Fast 50 awards criteria

1. The company must have accounts covering a minimum of four years (i.e. four full twelve month financial periods).

2. The company must be considered a technology company which, for this purpose, is defined as a company that meets at least one of the following four criteria:

• Owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;
• Manufactures a technology related product;
• Devotes a significant proportion of operating revenues to research and development of technology;
• Is technology intensive, or uses its own unique technology to solve problems.

NB: Companies using third party technology or intellectual property in a unique way do not meet this definition. Consulting companies, professional services firms, resellers and others who don't rely on proprietary technologies to generate their revenue are not eligible.

3. The parent company must be Irish-owned and have its headquarters in Ireland.

NB: Companies headquartered in Northern Ireland can take part in the Irish OR the UK programme, but need to choose one or the other and cannot enter both.

4. The company must not be a subsidiary of a larger group.

NB: If there is more than one trading company in a group of companies, the nomination should reflect consolidated revenue for year 1 and 4 and not the revenue of a particular company within the group.

5. The company must have base-year (year 1) operating revenues of €50,000 (£43,000) or more and a current year (year 4) operating revenue of at least €1,000,000 (£859,900).

Operating revenue figures must be calculated on a consistent basis. Please disclose in your application any change in revenue recognition between the year 1 and year 4 accounts.

NB: the accounts for the base-year must have an accounting period ending between 1 June 2016 and 31 May 2017; and the accounts for the most recent financial year must have an accounting period ending between 1 June 2019 and 31 May 2020.

6. All submissions must be accompanied by signed accounts for the first and last financial year being measured in the competition.

Where accounts are not audited, a cover letter must be provided. This cover letter should be on company headed paper, signed by a director of the company, stating and confirming the revenue figure per the accounts. Where only abbreviated accounts are available (with no profit and loss statement shown), please provide alternative financial information supporting the revenue figure presented, for example, management accounts used by the company, along with the cover letter described above.

The Deloitte Technology Fast 50 Alumni Award

This inaugural award recognises a company that has played a major part in the Fast 50 Programme to date and has made an incredible impact on the international economy.

Deloitte 2020 MNC Patron award categories

1. Innovative New Technology Award in association with Google 
   This award is for the company that has created or introduced a new or innovative product or service to international markets that has helped grow their business over the last four years.
2. Impact Award in association with Facebook
   This award is for the company that has made the most significant impact within the current year.
3. Women in Technology Advocate Award in association with Vodafone
   This award will be given to someone who has demonstrated through their actions that they are an advocate for increasing participation by and promotion of women in the technology sector.