Tuesday 20 August 2019

Roomex named as one of Ireland's fastest growing tech firms in Deloitte's 'Fast 50'

Louise Kelly

Louise Kelly

Roomex has been named as one of the fastest growing technology companies in Ireland, ranking 20 in the 2017 Deloitte Technology Fast 50.

This is the third consecutive year that the global hotel booking platform for business travel has been listed in the 'Fast 50'.

Roomex aims to simplify the process of booking hotels for the regular traveller; it connects to every hotel in the world to presents the best options to the booker, consolidating all payments into a single invoice.

Rankings in the 'Fast 50' are based on average percentage revenue growth over four years and Roomex’s CEO, Jack Donaghy, credits demand from corporate clients and administrative requirements with the company’s growth over the past four years.

"Corporate travel booking can be a headache – we’ve found an area that we believe in and can really get behind and serve well," he said.

"By using Roomex, our clients can save money, save time and ensure compliance with regulatory and company standards, and empower the individual business traveller."

Meanwhile, IT solutions and networking company Arkphire ranked number 19 in the 'Fast 50', achieving an average 470pc growth in revenues since 2011.

The ranking sees the firm jump ten places compared to its position last year.

Jimmy Dalton, CFO at Arkphire credits its strategic partnerships with fast growing global internet businesses as a key contributor to the company’s growth over the past four years. 

"Arkphire has worked hard over the past few years to provide a global offering to our customers.  We have invested heavily in supply chain management, people and supplier relationships," he said.

"This investment is now paying off and we are well positioned as the preferred supplier to some of the largest Silicon Valley based tech multinationals."

The average revenue of companies featuring on the ranking of the awards - now in their 18th year - was approximately €17m. Cumulatively, the 2017 Fast 50 winners generated approximately €858m in total annual revenues in 2016

Joan O’Connor, Partner, Deloitte said that this year the focus of the winning companies is on global markets.

"We estimate just under 90pc of our winning companies’ revenues are generated by exports – this demonstrates the ambition and drive of Irish technology companies to diversify and the global nature of this business," she said.

"Last year we highlighted that export markets would become increasingly important for the indigenous sector, given the Brexit challenge – and it’s clear the Fast 50 companies are tackling this challenge head on.

The Deloitte Technology Fast 50 Awards took place in Dublin on 3 November 2017.

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