Tech firms ‘have an edge’

Irish technology firms have a number of key advantages that could see them outlast competitors in the US and further afield, new research suggests.

A number of cultural factors ingrained in Irish businesses set them apart from equivalents elsewhere and give them a better chance of bucking an international trend whereby companies are tending to enjoy shorter lifespans.

An analysis of some of the largest firms in the US suggests the average time in which a business is in operation has fallen from 90 years to just 12 in half a century.