Veremark Ranked Number 13th Fastest Growing Technology Company in the UK in the 2024 Deloitte Technology Fast 50
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Veremark attributes its 2718% per cent revenue growth to focus on clients and innovation.
London, UK, 8 Nov 2024 — Veremark today announced that it ranked number 13 in the 2024 Deloitte UK Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK.
Rankings are based on percentage revenue growth over the last three years. Veremark grew 2718 per cent during this period.
Veremark’s CEO, Daniel Callaghan, credits a focus on clients and customers with the company’s 2718 per cent revenue growth over the past three years.
He said, "We are honoured to be recognised as the 13th fastest-growing technology company in the UK by Deloitte. This achievement reflects our team's relentless commitment to innovation and our unwavering focus on delivering real value for our customers. By continuously evolving our product to meet the changing needs of our clients, we've been able to drive impactful growth while maintaining the highest standards of service."
Kiren Asad, lead partner for the Deloitte UK Technology Fast 50 programme, said: “We continue to see the resilience of the UK’s technology sector, demonstrated clearly from the impressive growth amongst this year’s Fast 50 winners. Amidst challenging economic conditions, these businesses have navigated their way to growth through tenacity, talent, and innovation in what remains a competitive market. I would like to extend my congratulations to all of the winners.“
The 50 fastest growing UK technology companies, as ranked by Deloitte, generated £1.93bn in total annual revenues in the year 2023/24. The Deloitte UK Technology Fast 50 recorded an average three-year growth rate of 2,468 per cent.
About the Deloitte UK Technology Fast 50
The Deloitte UK Technology Fast 50 is one of the UK’s foremost technology award programmes. Now in its 27th year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last three years. The UK Fast 50 awards are all about growth driven by leading intellectual property and are a celebration of innovation and entrepreneurship. Previous winners have come from across the UK, are both large and small, and included some of the most dynamic players in all areas of technology, from IoT to BioTech, digital media technology to life sciences, FinTech to software and clean energy to telecommunications. For more information visit www.deloitte.co.uk/fast50
The full list of this year’s winners and winner breakdown by region and sector is available at www.deloitte.co.uk/fast50
About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.
Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk. Member of Deloitte Touche Tohmatsu Limited
About the sponsors
About Citi
Citi provides global banking solutions to companies that are looking to grow rapidly and expand internationally. With Citi's global network, comprehensive solutions, and industry expertise, Citi helps these businesses succeed across a wide variety of industries and at most stages of their growth.
Web: www.citi.com
X: @Citi
LinkedIn: Citi
About Oracle NetSuite
Oracle NetSuite’s cloud business software suite is the top choice of technology companies who understand that the key to unlocking and managing growth is a back office system that can address today’s challenges while providing the critical foundation for future expansion.
Today over 36,000 companies trust NetSuite to run their mission critical business processes from accounting, procurement and HR through to marketing and sales. NetSuite’s track record as the business system of choice for high growth tech companies is unmatched. NetSuite isn’t just for start-ups, companies of all sizes benefit from its comprehensive, global financial and accounting core that makes international expansion straightforward; improved visibility across the business; and increased efficiency from eliminating manual processes and disparate systems.
Web: https://www.netsuite.co.uk/
X: @NetSuiteEMEA
LinkedIn: NetSuite
About Tipalti
Tipalti is a global finance automation company helping finance teams drive business growth by automating and streamlining accounts payable, mass payments, procurement and employee expenses in one connected suite. Tipalti takes the complexity, cost and risk out of time-consuming financial workflows, making it easy for finance teams to collaborate with employees and suppliers. Tipalti partners with blue-chip banks and financial institutions such as Citi, Wells Fargo, J.P. Morgan and Visa, enabling global companies to efficiently and securely pay millions of suppliers across 196 countries, 6 payment methods and 120 currencies. Over 4,000 growth-minded companies globally use Tipalti’s suite of solutions to reduce their manual finance workload by 80% and accelerate close by 25%, all while strengthening financial and spend controls.
Web: http://www.tipalti.com/
X: @Tipalti
LinkedIn: Tipalti
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