Precept IT attributes its growth to innovation and the coming of age of cloud-based technologies where customers are more willing to adopt and the ability to scale.

Belfast, Co Antrim, 17th December 2020 — Precept IT today announced that it ranked number 34 in the 2020 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.

Precept IT’s Managing Director, Clive Jones, commented

“Precept IT has been in business for more than 18 years and is headquartered in Belfast City Centre, with additional offices in Dublin.

It has been an exceptional year for Precept IT, where we continued to grow and evolve throughout the COVID19 Pandemic.

As businesses and organisations needed to move from their traditional office environment to working from home, we are very proud of how the Precept team stepped up and assisted our customers to transition to Cloud IT and secure remote working.

Precept IT provides cloud computing and IT infrastructure services, including disaster recovery, managed services and connectivity services, to a wide range of organisations in the public and private sectors.

It is a leading partner of Microsoft, Apple and HP throughout Ireland and the UK.”

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 21 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.

Cumulatively, the 2020 Fast 50 winners generated approximately €3.3 billion in total annual revenues and employed over 4,600 people in 2019. The average revenue of companies featured in the ranking was approximately €90 million, while the average growth rate of the companies over the last four years was over 400%. Compared with last year, there are 13 new companies on the ranking.

Companies from across three provinces are featured in this year’s awards. 32 companies are Leinster-based, with 11 from Ulster and 8 from Munster*. Overall, 10 counties are represented in the 2020 listing.

Announcing the winners at the Deloitte Technology Fast 50 programme, Peter Allen, Partner, Deloitte (NI) Ltd said: “Congratulations to our 2020 Deloitte Technology Fast 50 companies. These awards are a celebration of entrepreneurial tech businesses across Ireland.  The pandemic has presented huge challenges to the way we work and live, and technology has responded to provide innovative solutions.  Although the economy has come under severe pressure, this crisis has presented unprecedented opportunities for NI tech businesses to shine.

“We think it is important to recognise the innovation and entrepreneurship they have shown, and I am delighted to see a strong representation from Northern Ireland on this year’s ranking.”

Cork company Everseen ranked number one this year. Founded in Cork in 2007, the company develops computer vision and artificial intelligence solutions for some of the world’s largest retailers.

This year’s awards programme included an inaugural Alumni Award category in addition to the overall ranking. The Alumni Award recognises a company that has played a major part in the Fast 50 Programme to date, having ranked in the number one spot for three consecutive years from 2015 to 2017. This year’s Alumni Award winner is Tommy Kelly, CEO of eShopWorld, a global commerce partner to many of the world’s most iconic retail brands that was launched in Dublin in 2010.