Mobacar joins the Deloitte top 10

The Kerryman (North Kerry) - - NEWS -

KIL­LAR­NEY based tech firm Mobacar has joined the top ten Ir­ish firms in Deloitte pres­ti­gious tech­nol­ogy growth index - the Deloitte Tech­nol­ogy Fast 50 rank­ing.

Mobacar fea­tured in the top ten, achiev­ing eighth place in the over­all rank­ing.

The firm – run by former Fexco head of global sales and busi­ness de­vel­op­ment Mike Web­ster – uses ar­ti­fi­cial in­tel­li­gence to help con­nect cus­tomers with the most ap­pro­pri­ate means of travel.

Mobacar’s soft­ware is used by travel groups around the world, in­clud­ing multi­bil­lion-dol­lar e-com­merce sys­tem Trav­el­port and Aus­tralia’s big­gest on­line agency, Flight Cen­tre.

The Deloitte awards, now in their 19th year, rank Ire­land’s fastest grow­ing tech­nol­ogy com­pa­nies and recog­nise in­dige­nous tech­nol­ogy com­pa­nies that have demon­strated ex­cep­tional growth in turnover in the last four years.

Cu­mu­la­tively, the 2018 Fast 50 win­ners gen­er­ated ap­prox­i­mately €2.5 bil­lion in to­tal an­nual rev­enues in 2017.

The av­er­age rev­enue of com­pa­nies fea­tured in the rank­ing was ap­prox­i­mately €50 mil­lion, while the av­er­age growth rate of the com­pa­nies over the last four years was 373%. Com­pared with last year, there are 17 new com­pa­nies on the rank­ing. 12 of these are first-time en­trants, while five com­pa­nies have re-en­tered the list, hav­ing fea­tured in pre­vi­ous years.

“We know that these com­pa­nies are op­er­at­ing in an un­cer­tain in­ter­na­tional mar­ket­place. And yet they are prospering —in fact the vast ma­jor­ity of rev­enues for the rank­ing com­pa­nies are com­ing from ex­port mar­kets. This demon­strates the im­pact Ir­ish in­dige­nous tech com­pa­nies are hav­ing in global mar­kets,” said Deloitte’s David Shana­han.

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