TitanHQ attributes its growth to global demand and significant investment
Galway, Ireland, 09/12/21 — TitanHQ today announced that it ranked number 33 in the 2021 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Ireland. Rankings are based on average percentage revenue growth over four years.
TitanHQ was also runner up in the Scale Up Award, which recognizes companies that have expanded their businesses significantly overseas in the last four years.
TitanHQ’s CEO, Ronan Kavanagh, credits global demand and investment with the company’s growth over the past four years. He said, “as a result of increased demand globally for our solutions, we have invested heavily in product development and embarked on a recruitment campaign to double our workforce in a programme that will allow that growth to continue.”
He continued “The quick move to remote working last year has made us all aware of how important it is to be adaptable and have the right security solutions in place to protect users, customers, company data, and systems.”
The company is trusted by over 12,000 businesses including 2,500 MSPs across 150 countries, protecting companies including T-Mobile, Virgin, O2, ViaSat, Pepsi and Datto.
In addition to its organic year-on-year growth, recent significant investment from Livingbridge investor group has turbocharged the company’s growth. This has allowed TitanHQ to accelerate ambitious growth plans through increased investment in product development - and in people.
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 22 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.
Cumulatively, the 2021 Fast 50 winners generated approximately €1 billion in total annual revenues and employed over 16,000 people in 2019. The average revenue of companies featured in the ranking was approximately €19 million, while the average growth rate of the companies over the last four years was over 700%. The awards also saw a record number of new entrants this year – in total, 20 companies are appearing on the ranking for the first time.
This year’s ranking features companies from all four provinces. 30 companies are Leinster-based, 10 are from Munster, eight are from Ulster, and there are two representatives from Connacht. Overall, 10 counties are represented on the 2021 ranking.
Announcing the winners of the Deloitte Technology Fast 50 programme, David Shanahan, Partner, Deloitte said: “Congratulations to all of the companies that ranked this year. This is the first year we have seen the impact the pandemic has had on revenues of Irish tech companies. It will come as no surprise that many of this year’s winners have achieved accelerated growth and scale as a result of the pandemic and being able to capitalise on the global move to a digital way of life.
“From enabling us to better look after ourselves, to providing critical technologies to keep businesses connected to customers, for example, these companies have shown us the creativity, resilience, and commitment to driving progress that is present in the indigenous technology sector in Ireland. It is also encouraging to see so many new entrants to the ranking – with a strong cohort of younger companies, the future of the indigenous sector looks bright. We are thrilled to showcase their achievements and wish them continued success over the coming years.”
The Deloitte Technology Fast 50 awards included a number of award categories. The winners of these awards this year were:
This award is for a 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.
Winner: T Pro
This award is for a company that has made a significant impact within the current year.
Winner: Raluca Saceanu, Chief Operating Officer, Smarttech247
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.
This award recognises a company that has demonstrated an impressive ability to scale up or expand overseas over the last four years.
Winner: Learning Pool
This award acknowledges a company that has played a major role in the Fast 50 programme to date. This year’s recipient, LearningPool have featured 10 times in the ranking to date.
The Deloitte Technology Fast 50 ranking features both private and public listed technology companies that have demonstrated innovative strategies, sound management practices and marketplace vision, driving them to achieve the status of high-growth leaders. Full details on the winners can be found at www.fast50.ie. Winners were announced at a virtual ceremony on Wednesday 8 December 2021. See the full Fast 50 list.
TitanHQ is a 20-year-old multi-award-winning web filtering, email security, and email archiving SaaS business. We protect 8,500 businesses and work daily with over 2,500 MSPs. We protect your customers from malware, ransomware, phishing, viruses, botnets, and other cyber threats.
Most importantly our products were built from the ground up with MSPs for MSPs. We save MSP's support and engineering time by stopping problems at the source while also providing ideal products to sell in your technology stack.