The company, which demonstrated superior business performance for the second year, was recognised at a gala awards dinner in Dublin on 1 March 2019.
This year, 12 new companies join a network of 136 companies that were awarded the status of Best Managed. The Best Managed Companies network this year has total revenues of almost €11 billion, export sales of almost €3 billion and total employment of approximately 44,000 people.
Commenting on the award, Financial Director, LotusWorks Gerard Sproule said: “LotusWorks are proud to requalify as a Deloitte Best Managed Company. The award is testament to the expertise of our management team who are the drivers behind the outstanding business progress the company has experienced in the past four years. The company is seeing steady growth both in Ireland and North America and we’re forecasting progressive growth over the next 5 years. Without our teams and continued support from our long term customers this wouldn’t be possible, I’d like to extend a special word of thanks to each and every one who plays an integral part in building the LotusWorks success story”
Last year the recognition came after an in-depth two-phase assessment of LotusWorks’ business strategy was completed by Deloitte with the company being assessed on its ability to develop strategy, demonstrate corporate strengths, excel in their marketplace, retain top talent and manage business risks.
Anya Cummins, Partner, Deloitte said: “Well done to all of the winning companies on their achievement. The Best Managed Companies process is a rigorous one, examining every facet of an organisation, and the bar is set high by our judging panel. As ever, the spread of companies, right around the country and across a number of industries, underlines the importance of Irish and Northern Irish companies to the economy and in the midst of economic uncertainty, technology disruption, an open competitive market and full employment, the continued strong performance of these businesses is admirable. In the current environment, it is important for this contribution to be recognised, supported and showcased.”
Founded in 1989, the company now employs almost 500 staff between Ireland and its North American operations. Servicing the Biopharma, Medical Device, Datacentre and Semiconductor industry, LotusWorks is no stranger to big name clients and works with some of the world’s best known manufacturers.
The Deloitte Best Managed Companies programme, in association with Bank of Ireland, promotes and recognises excellence in Irish/Northern Irish owned and managed companies. It is the only awards scheme on the island of Ireland that considers a business’ performance from every perspective. Entrants to the programme will compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.
Programme sponsors are Bank of Ireland, the Irish Management Institute and the Sunday Business Post. For further information, visit www.deloittebestmanaged.ie.