All abord the London-Asia express

Just doing a bit more research:

Found this re Puca, in whom we have a 16% stake (was a legacy investment):

Nov 04 - Púca ranked in Irish Deloitte Technology Fast 50 for 2nd consecutive year

Dublin, Tuesday 9th November – Púca Technologies today announced that it ranked number 12 in the 2004 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Ireland, sponsored by InterTradeIreland’s Equitynetwork. Rankings are based on average percentage revenue growth over five years.

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 EquityNetwork 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’Flanagn continues “this program 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 growth 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.

The Technology Fast 50 Porgramme 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 Technology Fast 500 were created to recognise the outstanding contribution of fast growing technology companies to the US economy.

For further information and details on how to enter, visit

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Interesting reading. Any guesses as to what this stake could be worth in an IPO???

Cheers

PLJ