Awards

Emydex attributes growth to niche focus on providing Traceability Software solutions for Food Processors

Emydex Technology today announced that it ranked 16th in the 2013 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, which for Emydex represents 375% growth since 2008. This year’s result represents a climb of ten places over last year’s Fast 50 ranking when Emydex achieved 26th position

Emydex’s CEO, David McMahon, credits Emydex’s single minded focus on providing data capture & production reporting software systems to leading Food Processing companies with the company’s growth over the past five years.

“There are many opportunities and temptations to expand Emydex’s product and service offerings in new directions, such as supplying industrial hardware in addition to software, or supplying software systems into new industries, but by sticking to the knitting and focussing on what you are really good at, makes for successful project roll-outs, and happy customers, and that’s what ultimately drives growth.” said David McMahon, Emydex CEO

The Fast 50 programme, now in its fourteenth year in Ireland, ranks the fastest growing technology companies in the Republic of Ireland and Northern Ireland. This year, there are 18 companies from Northern Ireland in the ranking. The average growth rate of the Fast 50 companies named in this year’s ranking is 361%.

The awards took place in the Titanic building in Belfast on Friday 8 November. Paul Lee, Head of Global Research for Technology, Media and Telecommunications at Deloitte was keynote speaker at the event. Media sponsors included the Sunday Business Post and Ulster Business and corporate sponsors of the event were Invest NI.

Emydex Technology are delighted to have made the Deloitte Technology Fast 50 award shortlist for 2012. The Deloitte Fast 50, now in its thirteenth year in Ireland, is an awards program honouring business growth, technological innovation and entrepreneurial spirit. The program ranks the 50 fastest-growing technology companies in Ireland based on percentage revenue growth over a five-year period.

“We are very pleased to be included in the top 50 list for the first time. I attended the very first Deloitte Fast 50 award ceremony back in 2001 when working with another Irish Technology company, so it’s great to be back again this time with Emydex. I believe this award rubber-stamps our position as market leader in our chosen specialist field, and celebrates our success on the back of rapid growth and new customers won over the past 5 years. Given the current trajectory of the business, I am confident we will be attending for the next 5 years also.”

David McMahon, Emydex CEO

The announcement of company placements in the Technology Fast 50 awards will be made at a ceremony in the Guinness Storehouse in Dublin on November 16th.

On the same evening Emydex Technology is also shortlisted for the Smart Technology Excellence Award at Fingal Business Excellence Awards 2012. Hosted by Marty Whelan the award ceremony will take place at a Black-tie Gala Dinner in the Crown Plaza Dublin Northwood Hotel. Emydex are a previous winner of this award having won it in both 2011 and 2010.

For the second year running, Emydex Technology were announced winners of the 2011 Innovation in IT award at the D15 Chamber of Commerce ceremony held in the Crowne Plaza Hotel & Country Club on Friday 7th October.

Sponsored by IBM, this award cements Emydex position as not only a successful Irish Technology company operating within the Agri-food space, but also as a leading Irish technology company within the wider business landscape.

Since winning the Innovation in IT award last year, Emydex’s headcount has doubled in size, revenues and profits have grown substantially, and the company is now looking at new markets including France and South Africa where Emydex recently announced the appointment of authorised distributors in both countries. “We are excited to have added a number of senior programmers to the development team recently, all of whom have over 10 years of relevant experience. At this stage our team has over 100 years combined experience of working with technology specifically for the food processing sector” said David McMahon, CEO of Emydex technology.

Commenting on the award win, James Grennan, company Technical Director said “We’re delighted to be chosen by the Chamber and IBM to win this award over some other excellent shortlisted companies, this helps us maintain our constant drive to build better and smarter software solutions for our present and future customers”

L to R on Picture: John Carolan – IBM, James Grennan – Emydex Technical Director, Susan Grennan, David Donnelly – Chamber President, Jayne McMahon, and David McMahon – Emydex CEO, presented with the Innovation in IT 2011 Award.