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Systems Solutions is the only Irish healthcare software company to be ranked in the 2006 Deloitte Technology Fast 500
Systems Solutions attributes its 419% percent revenue growth to the introduction of an innovative sales model coupled with a focused geographic expansion.
Dublin, Ireland - 05 December 2006 Systems Solutions Limited announced that it ranked number 250 on the 2006 Deloitte Technology Fast 500 EMEA, a ranking of the 500 fastest growing technology companies in Europe, Middle East and Africa. Rankings are based on average percentage revenue growth over five years, from 2001-2005. Systems Solutions grew 419 percent during this period, and is the only Irish healthcare software company and one of just seven Irish software companies to achieve a ranking in the top 500.
 Systems Solutions’ founder and Chief Technical Officer, Mr. David Raethorne, credits the introduction of a new international sales model coupled with strong export sales with the company’s 419% revenue growth over the past five years. He said, “We’re thrilled to be ranked amongst the EMEA’s most successful technology firms for the second year in a row. The importance of this ranking is particularly highlighted when we consider the fact that there were twelve Irish software companies listed on the Fast 500 EMEA last year, and this year there is only seven, of which Systems Solutions ranked fourth. As the only Irish healthcare software company to achieve a ranking, Systems Solutions continues to deliver cutting-edge applications for the healthcare sector because we listen to what our customers want. This has led us to develop a new type of sales model which allows us to target and serve larger and more lucrative customer segments in international markets”.
The company also secured the ranking for being the 15th fastest growing technology company in Ireland in the Deloitte Fast 50. Announcing the winners of the Technology Fast 50 programme, David O’Flanagan, Partner with Deloitte, Dublin said: “What’s very encouraging about this year’s awards is that we are seeing strong performances from both new and previous entrants. This bodes well for our indigenous Irish companies and proves that Ireland is consolidating its position as a key player within the sector, while simultaneously producing fresh and innovative new companies.”
Editor’s Notes:
About Systems Solutions Ltd:
Systems Solutions has been developing and marketing software products and services for pharmacy since 1987. Independently-owned, the organisation has built a solid reputation for its thought leadership and ability to deliver cutting-edge solutions for pharmacy which solve complex business issues. The organisation pioneered Electronic Claims Transmission software, medicines management support and real-time centralised control through head office management to the pharmacy sector. The company is renowned for its software development expertise, matched with its constant focus on quality and innovation.
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, either by the companies themselves or through a third party.
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 Euros for 2001 and €800,000 Euros in 2005.
About Deloitte
Deloitte Ireland is a world-class firm of expert business advisers, serving senior business leaders who are seeking to protect and create value in a complex, dynamic environment. Our objective is to help our clients succeed by anticipating tomorrow’s agenda with focused, insightful and fresh thinking borne out of our multidisciplinary strengths. We draw upon our specialist skills in audit, tax, consulting and financial advisory both within Ireland and across the Deloitte worldwide network.
What’s different about Deloitte is our people, who focus on building long-term relationships and are determined to deliver measurable value for our clients’ business. With almost 900 people in Dublin, Cork and Limerick Deloitte is known as an employer of choice for our innovative human resources programmes and is dedicated to helping our clients and our people excel.
'Deloitte' refers to Deloitte & Touche and any associated partnerships and companies established under the laws of Ireland. Deloitte is the Irish member firm of Deloitte Touche Tohmatsu. For more information, please visit the Irish member firm’s website at www.deloitte.com/ie.
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