Veremark attributes its 4592% percent revenue growth to people, product, and a "tired industry".
London, UK, 16 November 2023 — Veremark today announced that it ranked number 9 in the 2023 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 four years. Veremark grew 4592 per cent during this period.
Veremark’s CEO, Daniel Callaghan, credits the company's "fantastic product, fantastic team, and a tired industry in need of change and innovation" with the company’s 4592 percent revenue growth over the past four years. He said, "They say if you want to go fast, go alone, and if you want to go far, go together. Personally I could not be more proud of the people who I am sharing this journey with."
Kiren Asad, lead partner for the Deloitte UK Technology Fast 50 programme, said: “The impressive growth amongst this year’s Fast 50 companies demonstrates the continued tenacity of the UK’s technology industry, despite ongoing economic headwinds, as it cements itself amongst the top locations for venture capital investment globally.
“The Deloitte UK Technology Fast 50 awards acknowledge and showcase the talent and innovation of tech businesses across the country.
“The 50 fastest growing UK technology companies, as ranked by Deloitte, generated £808mn in total annual revenues in the year 2022/23 and employed almost 15,000 people. The Deloitte UK Technology Fast 50 recorded an average four-year growth rate of 5,473 percent.”
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 26th year, it is a ranking of the country’s 50 fastest-growing technology companies, based on revenue growth over the last four 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.fast50.co.uk. The full list of this year’s winners and winner breakdown by region and sector is available at www.fast50.co.uk
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.
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