Strencom

Strencom attributes its 93 % Percent Revenue Growth to providing our customers with innovative new solutions for their Internet and Wide Area Network communications needs, and providing an exceptionally high level of Customer Service which you will not receive from many of the multinationals in the same industry, as well as very competitively priced solutions, which in many cases cut the customer’ existing cost base by 50%.

Cork, 17^th January 2005 – Strencom today announced that it ranked Number 50 in the 2004 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Ireland, sponsored by InterTradeIreland’s Equity Network. Rankings are based on average percentage revenue growth over five years.

Strencom’s CEO, Tim Murphy, credits a strong focus on the customer needs, new innovative products and exceptional customer service with the company’s 93% revenue growth over the past five years. He said, “This is really a pat on the back for all the staff in Strencom, as they work very hard year round to exceed the expectations of our customers. And for all our customers, its confirmation that they are using one of the most innovative and fastest growing ISP’s in Ireland, and they can be confident going forward that their needs are being looked after”.

Announcing the winners of the fifth Technology Fast 50 Programme, David O’Flanagan, Partner with Deloitte, Dublin said: “The fast 50 Programme has always been a reliable indicator of whether innovation is leading to more growth and wealth creation. These companies have demonstrated how to survive and thrive in today’s market by helping their customers reduce their costs and improve their performance. We are delighted that InterTradeIreland’s Equity Network and IEE have joined us in encouraging fast-growing companies to showcase their businesses and to contribute to the next wave of innovation in the Irish Technology sector”.

O’Flanagan continues “this programme seeks out those companies that have shown impressive growth rates in the telecommunications, hardware, software and biotechnology markets over the last five years. Despite the difficult global environment, Irish technology companies are continuing to grow with average turnover growth of more than 332% in a five-year period. We are delighted to see that many companies have achieved a ranking in all previous Fast 50 programmes – including Conduit, VistaTEC, Connect Global Solutions, Mapflow and Qumas. We are also pleased to see 12 new entrants in this year’s programme with internet, communication/networking and biotech companies making an entrance”.

The Technology Fast 50 programme recognises and ranks the fastest-growing technology companies in Northern Ireland and the Republic of Ireland.

Editor’s Notes:

About Strencom

Strencom was established in 2000, and provides WAN Solutions, MPLS, Internet Leased Lines, Server Co-Location & Linux Professional Services to corporate customers. Initially based in Cork, Strencom now also have POP’s in Dublin & Shannon and provide services to companies nationwide.

Deloitte Technology Fast 50

To qualify for the Deloitte Fast 50 Programme a company must have been:

In business for a minimum of five years

Entries must be considered a technology company, defined as:

producing technology

manufacturing technology-related products

technologically intensive or uses unique technology in problem-solving

devoting a high percentage of effort to research and development of technology

The parent company must be owned and headquartered in Ireland (subsidiaries do not qualify)

Turnover must be over €50,000 in 1999

Eligibility criteria for the Rising Start competition:

In business for a minimum of three years but no more than five

Entrants must be a technology company, defined as:

producing technology

manufacturing technology-related products

technologically intensive or using unique technology in problem solving

devoting a high percentage of effort to research and development of technology

The parent company must be owned and headquartered in Ireland (subsidiaries do not qualify)

Entrants must have turnover of over euros 30,000 in 2001

The Technology Fast 50 programme was originally started in San Jose, the centre of Silicon Valley, California in 1995 and has expanded across the globe in the last six years. Both the regional Technology Fast 50 and the National Fast 500 were created to recognise the outstanding contribution of fast growing technology companies to the US economy.

For further information and details of how to enter the award, visit http://www.deloitte.com/ie

Deloitte, one of Ireland’s leading professional service firms, provides audit, tax, consulting and financial advisory services through nearly 950 people in Dublin, Cork, Limerick and Belfast. Known as employer of choice for its innovative human resource programmes, the firm is dedicated to helping its clients and its people excel.