The Now Factory (www.thenowfactory.com), the leading provider of customer experience solutions for the telecoms market, today announced that it ranked number four in the 2012 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.

“As a first-time entrant, we are absolutely delighted to be ranked fourth in the 2012 Deloitte Technology Fast 50, which is an acknowledgement of the tremendous growth we have achieved over the last five years,” said Tom Morrisroe, Chief Executive Officer with The Now Factory. “Our strong showing in this year’s rankings affirms our innovative technology solutions combined with a commitment to drive greater customer value.”

The Fast 50 programme, now in its thirteenth year in Ireland, ranks the fastest growing technology companies in the Republic of Ireland and Northern Ireland. This year, there are 15 companies from Northern Ireland in the ranking. The average growth rate of the Fast 50 companies named in this year’s ranking is 556%.

Announcing the winners of the Technology Fast 50 programme, Richard Howard, Partner with Deloitte, Dublin said: “Each year, we are considerably enthused by the resilience and tenacity of the indigenous technology sector as they demonstrate high levels of growth amidst challenging economic times. One of the key drivers of this growth has been their ability to capitalise on international markets. Many Irish companies now have an increased focus on international expansion as a way to drive sustainable growth. The indigenous technology sector has been a trailblazer in this regard – some of our most successful technology companies have long been internationalising their IP and reaping the rewards. It’s encouraging to observe that so many of our Fast 50 winning companies are seeking to exploit both local and global markets to their best advantage.”

The awards took place in the Guinness Storehouse on Friday 16 November. Dr Chris Horn, co-founder and former CEO Iona Technologies, was keynote speaker at the event. Details of the Deloitte Technology Fast 50 ranking list are available to download at www.fast50.ie.

About The Now Factory

The Now Factory provides real-time insights into how customers use mobile services, enabling Communication Service Providers to optimise the customer experience and drive greater profitability. The company is unique in the depth, breadth and quality of actionable insights it delivers at any given time across different correlations of customers, services, devices and networks. Its technology has been installed with 38 service providers globally across 4 different continents. More information on the company can be found at http://www.thenowfactory.com.