TMCnet News
Altobridge: Altobridge Ranked 20th in Deloitte Technology Fast 50Kerry Technology Park, Ireland,, Nov 15, 2010 (M2 PRESSWIRE via COMTEX) -- Altobridge, the leading supplier of solutions that cut the cost of wireless communications, today announced that it was ranked Number 20 in the 2010 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. Altobridge's CEO, Mike Fitzgerald, credits increasing demands from mobile network operators (MNOs) to cut communications costs. As voice and data traffic continues to increase rapidly, MNOs are under increasing pressure to meet these demands with limited budgets. In the high growth emerging markets this is further exemplified by very low ARPUs (Average Revenue Per User). He said, "We are delighted to have been recognised in the latest Deloitte Technology Fast 50 and to have been placed so well amongst such a distinguished field. This accolade is a further vote of confidence in our vision, focus and teamwork." The Fast 50 programme, now in its eleventh 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 623%. Announcing the winners of the Technology Fast 50 programme, David O'Flanagan, Partner, Deloitte said: "In spite of the challenging financial market conditions, the 2010 Deloitte Fast 50 shows that Irish technology companies are continuing to show impressive growth. We are particularly impressed to see the increase in winners who are competing on the world stage, especially in the area of software development and in the B2C sector (business to consumer). Ireland's high mobile phone penetration has led to a number of companies being successful in the development of software to support the global telecommunications industry. Irish companies have also excelled at utilising the web to sell consumer services globally. These are industries we have seen develop and mature over the past decade." The awards took place in The Europa Hotel in Belfast on November 12th. Industry figures speaking at the event included Niall Olden, Managing Partner, Kernel Capital, John Hartnett, President and Founder, Irish Technology Leadership Group and David Halstead, Partner, Deloitte. Details of the final Technology Fast 50 ranking list are available to download at: www.fast50.ie. Notes for Editors: About Altobridge - www.altobridge.com Headquartered at Kerry Technology Park, Ireland, with further R&D, service and sales offices in San Jose (USA), Shenzhen (China), and Kuala Lumpur (Malaysia), Altobridge is a leading provider of solutions that cut wireless communications costs. At the heart of the company's offering lie the patented and patent-pending technologies: Data at the EdgeTM (data optimisation in wireless networks), Local ConnectivityTM (local voice switching) and Split ArchitectureTM (transmission and power optimisation), which drive down communications costs by reducing backhaul costs and lowering power consumption. Altobridge also offers MNOs new incremental revenue from the broad, untapped, global remote community subscriber base, estimated to be close to two billion people. Altobridge's solutions are deployed and operational in over 20 countries. Further information on Altobridge's solutions is available at: [email protected] 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: Entrants must have been operating for a minimum of five years, with a turnover of at least EUR50,000 for 2005. Entrants can be public or private companies but the parent company must be headquartered in the Republic of Ireland or Northern Ireland. Subsidiaries or divisions do not qualify. Each entrant must be a technology company defined as producing technology; manufacturing technology-related products; being technologically intensive or using technology in problem-solving; or devoting a high percentage of effort to the research and development of technology. 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: Entrants must have been operating for a minimum of three years and less than five years, with turnover of at least EUR30,000 for 2007. Entrants can be public or private companies but the parent company must be headquartered in the Republic of Ireland or Northern Ireland. Subsidiaries or divisions do not qualify. Each entrant must be a technology company defined as producing technology; manufacturing technology-related products; being technology intensive or using technology in problem-solving; or devoting a high percentage of effort to the research and development of technology. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/ie/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. The information contained in this press release is correct at the time of going to press. Deloitte's 1,100 people in Dublin, Cork and Limerick provide audit, tax, consulting, and corporate finance to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 140 countries, Deloitte brings world class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's approximately 170,000 professionals are committed to becoming the standard of excellence. Issued by the Corporate Communications Department of Altobridge Limited. For further information at Altobridge, contact: Annette Grealish, Marketing Manager Altobridge Ltd Tel: +353 66 7190210 Email: [email protected] For Media and Analyst Relations enquiries, contact: Tim Guest, Altobridge Corporate Communications M: +44 7956 257069 Email: [email protected] ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected]. |