Propylon ranked 16th in Deloitte Technology Fast 50

Dublin, Ireland - November 23, 2006

Propylon today announced that it ranked Number 16 in the 2006 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. Propylon grew 408% during this period.

Propylon’s CEO, Paul McKeon, credits Propylon staff and customer focus with the company’s 408% revenue growth over the past five years. He said, “Propylon are delighted to be ranked so highly for this prestigious award. The successful growth of Propylon has been due to our staff, and their ability to innovate our products and services to the needs of our customers. Our continued ability to deliver value to our customers is proving key to our success.”

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.”

The Fast 50 programme, now in its seventh year ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland. Thirty-five companies from the Republic of Ireland and 15 companies from Northern Ireland were recognised for achieving an average annual growth of 852% over the last 5 years. This represents an increase of 329% on last year.

The Awards ceremony took place in the Mansion House, Dublin and was timed to coincide with the inaugural Deloitte Technology Forum, themed this year, “Get Connected, Celebrate Innovation”. Industry figures speaking at the event included Cyril McGuire, Chairman and Chief Executive Officer, Trintech Technologies Limited, Martin Murphy, Managing Director, HP Ireland, and Paul Lee, Director, Deloitte Research, Deloitte UK.

About Propylon

Propylon was established in 1999 and is a world leader in legislative and regulatory automation. Propylon has an unparalleled breadth and depth of expertise in delivering solutions for legislative and regulatory document drafting, collaboration, management and publishing.