Exoftware ranked 6th in FAST 50 2008

Friday 17 October 2008

Exoftware Attributes Growth to the Pragmatic and Quality Application of Agile Principles to Suit Modern Business Needs.

Dublin, 17th October 2008 — Exoftware today announced that it ranked Number 6th in the 2008 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. Exoftware grew over 1300% percent during this period.

Exoftware’s CEO, Brian Hanly credits an increasing realisation amongst business of the need to deliver real business value effectively and efficiently with the company’s 1300% revenue growth over the past five years. He said,

“Organisations of all kinds are increasingly having to do more with less as they struggle against difficult trading conditions, reduced budgets and rapidly changing customer and regulatory requirements. We show these companies, through our range of innovative services, that through the pragmatic application of Agile techniques they can deliver unprecedented levels of business value, through improved time to market, reduction of waste and lower overall cost of deployment.”

The Fast 50 programme, now in its ninth year in Ireland ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland. This year, there were 17 companies from Northern Ireland in the ranking. The average annual growth rate of the 50 winning companies was 460%.

Announcing the winners of the Technology Fast 50 programme, David O’Flanagan, Partner with Deloitte, Dublin said: ―Congratulations to our 2008 Fast 50 winners – their success is indicative of the innovative technology companies present in Ireland. To have 16 new companies in the awards is a true sign of the talent and creative thinking that is present in the technology industry in Ireland. It is this innovation and fresh thinking that will ensure Ireland’s continued success in this competitive industry.‖

The awards took place in the Guinness Storehouse on October 16th. Industry figures speaking at the event included Jim Breen, CEO, Pulse Learning, John McElligott, Director of Strategy and M&A, eBay Global Classifieds and David Tansley, Partner, Technology, Media and Telecommunications, Deloitte UK.

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

Ends

Editor’s Notes:

About Exoftware Exoftware has been leaders in the adoption and use of Agile techniques since 2000.

Our pragmatic and business focused approach to Agile has helped many leading organisations benefit from the many changes that Agile can bring.

These can extend far beyond software development projects to deliver a efficiencies and real savings across the entire organisation.

Our Services include:

Agile Enablement, Agile Governance, Agile Analysis, Agile BPR, Agile Technical Excellence, Agile Testing and Agile Offshore Development. We also provide a full range of highly regarded Agile training courses available as both public scheduled and private, customised courses

About the Deloitte Technology Fast 50 Programme

To enter the Fast 50 Awards, companies must meet the criteria listed below. Entries must be sent in electronically, with the necessary supporting documents (audited financial statements).

Entry Criteria: • Have been in business for a minimum of five years • Considered a technology company, which is defined as producing technology, manufacturing technology-related products, be technology intensive, or use unique technology to solve problems, devoting a high percentage of effort to technology R&D • The parent company must be Irish-owned and have its headquarters in Ireland (subsidiaries of multinational organisations do not qualify) • Operating revenues must be at least €50,000 for 2003

Rising Star category

Companies who wish to enter the programme, which have not been in business for the minimum 5 years may qualify for the Rising Star category on satisfaction of the following criteria:

• Have been in business for a minimum of 3 years and less than 5 years • Considered a technology company, which is defined as producing technology, manufacturing technology-related products, be technology intensive, or use unique technology to solve problems, devoting a high percentage of effort to technology R&D • The parent company must be Irish-owned and have its headquarters in Ireland (subsidiaries of multinational organisations do not qualify) • Operating revenues must be at least €30,000 for the year 2005

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