11/10/2008

LINCOR SOLUTIONS Ltd.

Lincor Hits number 1 in Deloitte Technology Fast 50

Lincor’s 3,145 per cent growth based on worldwide sales success
10,000 systems installed at over 45 hospitals in 14 countries

Dublin, Ireland, 17th of October 2008 — Lincor Solutions, provider of bedside patient entertainment and clinical access systems worldwide has been ranked Number One in the 2008 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. This is the first year that Lincor entered the award, and it grew 3,145 per cent during this period.

Lincor’s CEO, Richard Cooke, said, “Patients now expect multimedia entertainment at the hospital bedside and clinical staff need access to medical records and information. We are proud that Lincor Solutions is now a recognised world leader in this very fast growing market. We’re in the right place at the right time, thanks to the success of our engineering team in developing innovative, world class solutions, associated with the ability of our global network of business partners and our sales team to convert this advantage into rapid and profitable sales growth.” He continued, “We are at the forefront of 21st century patient care, delivering improved staff efficiency and patient safety to hospitals, and communication, entertainment and education services to patients.”

Lincor was founded in 2003 and operates internationally with a current installed base of over 10,000 systems throughout Europe and North America in over 45 hospitals. Current partners and hospital clients include IBM, GE Healthcare, KPN Telecom, HCA HealthCare, Generale de Sante Group and France Telecom. The company has recently opened a sales office in Toronto to service the market in Canada and USA. Over 95% of the company’s revenues are export based. The largest markets for the company are currently France, UK and Benelux.

The Fast 50 programme, now in its ninth year in Ireland ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland. The average annual growth rate of the 50 winning companies was 460%. Announcing the winners of the Technology Fast 50 programme, David O’Flanagan, Partner with Deloitte, Dublin said: “Congratulations to our 2008 Fast 50 winners – their success is indicative of the innovative technology companies present in Ireland. To have 16 new companies in the awards is a true sign of the talent and creative thinking that is present in the technology industry in Ireland. It is this innovation and fresh thinking that will ensure Ireland’s continued success in this competitive industry.”
The awards took place in the Guinness Storehouse on October 16th. Industry figures speaking at the event included Jim Breen, CEO, Pulse Learning, John McElligott, Director of Strategy and M&A, eBay Global Classifieds and David Tansley, Partner, Technology, Media and Telecommunications, Deloitte UK. Details of the final Technology Fast 50 ranking list are available to download at www.fast50.ie.
Ends


Editor’s Notes:
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:
• 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