Dublin, October 24th 2011 – In recognition of the phenomenal growth experienced in the period 2006 to 2010, Populis is delighted to announce that it has scooped first position in the coveted Deloitte Technology Fast 50 in Ireland (www.populis.com).
The prestigious award, now in its twelfth year in Ireland, honours business growth, technological innovation and entrepreneurial spirit, ranking the 50 fastest-growing technology companies in Ireland based on percentage revenue growth over a five-year period.
Now staking the claim as Europe’s largest producer of vertical content in 8 languages, Populis has enjoyed double digit revenue growth since 2006, which on average has doubled each year culminating in 2010 revenues of 57.7 Million Euros. Innovation in online publishing practices has also resulted in a steady growth of traffic and content production.
The Group, which owns and operates over 600 websites through its media brands Excite Europe, Better Deals, Blogo and Blogosfere, as well as 700,000 websites in the mokono network, drives over 35 million unique users every month to its portfolio of web properties.
Producing over 35,000 items of content with a blended business model of quality, crowdsourced content on demand via its platform Populis Create, and premium content on some of Europe’s top professional blogs and vertical websites, its growing network of media properties is attracting ever more attention from consumers and advertisers alike
Investment into strategic acquisitions has also significantly strengthened the Group’s assets and this year alone successful acquisitions have included Germany’s largest blog network mokono and Italy’s largest blog network Blogo.
Accepting the award on behalf of Populis was Group CFO John Slyne, “We are absolutely delighted to have come in first position at this year’s Deloitte Technology Fast 50. It is with great pleasure that I accept this award on behalf of all the team who have worked so hard over the last five years to make Populis the innovative media company it is today.”
John concluded, “With headquarters in Dublin, we’ve had access to a pool of incredibly talented people from across the world, essential for the success of an online publishing company with multilingual content production at its heart. We are looking forward to an interesting phase of innovation over the coming year as the industry evolves and consolidates across Europe.”
Announcing the winners of the Technology Fast 50 programme, David O’Flanagan, Partner, Deloitte said: “Looking at the list of Deloitte Fast 50 winners in 2011, it becomes clear that we are witnessing the second wave of Irish technology companies starting to mature. In 2001, companies such as Conduit, Horizon Technologies and Iona were riding high as Fast 50 winners; ten years on and there are new kids on the block who mirror their predecessors in having great ideas and understand that to grow they have to go global.”
The awards took place in the Dublin Convention Centre on Friday 21st October. Industry figures speaking at the event included Maurice Mortell, Managing Director, Telecity Group Plc (former CEO Data Electronics) and Regina Moran, CEO, Fujitsu. Sponsors of the event were William Fry and Tughans.
Details of the Deloitte Technology Fast 50 ranking list are available to download at www.fast50.ie.