it@cork

Newsweaver Ranked 23 in Deloitte Fast 50

Newsweaver today announced that it ranked Number twenty three (23) in the 2009 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. Newsweaver grew 350% percent during this period.

Newsweaver's CEO, Andrew O'Shaughnessy, credits the tremendous creativity of the Newsweaver team and the remarkable quality of its products & services with the company's 350% revenue growth over the past five years. He said, "In the current tough economic climate, the success of our email marketing software reflects well on the effectiveness of email as a marketing tool.  The Newsweaver team has worked hard over the past number of years to develop a product and a service capable of competing with the best on the world stage."
The Fast 50 programme, now in its tenth year in Ireland, ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland.

Announcing the winners of the Technology Fast 50 programme, David O'Flanagan, Partner, Deloitte, Dublin said: "The aim of this year's Fast 50 was to showcase the resilience and determination of Ireland's indigenous technology industry and this has certainly been achieved. Our winners show that they are rising above the challenging business environment and are proof that inventive companies will continue to be successful."

The awards took place in Clontarf Castle on October 15th.  Industry figures speaking at the event included Paul Rellis, Managing Director, Microsoft Ireland; Michael Dwyer, Founder and CEO, Empathy Marketing Limited (Pigsback.com); and Jim Sloane, Lead Technology Partner and Vice Chairman, Deloitte UK.  

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