Emydex attributes its growth to new customer wins in Southern Africa and Seafood Processing Industries
Dublin, Ireland, 10 Nov 2014 – Emydex Technology today announced that it ranked number 17th in the 2014 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, over which period Emydex revenues grew by 400%. This is Emydex’s 3rd year in a row making the Deloitte Fast 50 listing. Last year the company ranked in 16th position in Ireland, also achieving the EMEA Technology Fast 500 listing.
The company supplies factory floor data capture and production reporting software systems to food processors, enabling them report on production yields, stocks, and traceability information in real-time. Emydex’s CEO, David McMahon, credits keys wins in new overseas markets such as Namibia and Botswana, as well as new industries such as Infant Formula and Seafood Processing with the company’s growth over the past five years. He said, “Emydex is the clear market leader in our field of expertise in Ireland, and one of the leading suppliers in the UK. Today over 35 customers operate Emydex software systems in over 70 meat and food processing plants. Now the focus turns to taking the success story further afield into International markets such as Australia, New Zealand, Southern Africa as well as South America.”
The Fast 50 programme, now in its fifteenth year in Ireland, ranks the fastest growing technology companies in the Republic of Ireland and Northern Ireland. This year, there are 13 companies from Northern Ireland in the ranking. The average growth rate of the Fast 50 companies named in this year’s ranking is 276%.
Details of the final Technology Fast 50 ranking list are available to download atwww.fast50.ie