Buymie takes the top spot in the Deloitte 2022 Technology Fast 50 Awards

Same day grocery delivery company, buymie, has emerged as the fastest growing technology company in this year’s Deloitte Technology Fast 50 Technology Awards. The company has a network of over 400 personal shoppers that deliver groceries from Lidl, Dunnes Stores and Woodies in Ireland in as little as one hour. The company expanded to the UK earlier this year in partnership with ASDA. Buymie uses technology to bundle orders and routes to minimise both time and carbon impact and has seen growth of 6,903% in the last four years.

The Deloitte Technology Fast 50 Awards is one of Ireland’s foremost technology award programmes. It is a ranking of the country's 50 fastest-growing technology companies based on revenue growth over a four-year period, and this year marks 23 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.

Reacting to the win, Devan Hughes, CEO and Co-Founder, buymie said:

Mail Metrics, which was 14th in last year’s ranking, moved up to second place in 2022. Its platform provides financial services companies with a solution to transform their regulatory and customer communications. The focus is on migrating customer correspondence to digital channels and reducing postal communications. This helps to improve the customer experience and increase regulatory compliance.

The top ten featured seven new entrants to the awards, among them third placed Reitigh Software which enables leading global financial services organisations to solve complex administration challenges with transparency and agility. Fintech company Swoop placed forth and CEO and Founder Andrea Reynolds was awarded the Advocate for Women in Technology Award in association with Indeed. Swoop is a global platform supporting SMEs by bringing their business data into one place to garner insights and be instantly matched to eligible finance, as well as assess their spend on cost categories such as energy, banking and FX.

Cumulatively, the 2022 Fast 50 winners generated approximately €500m in total annual revenues and employed over 5,500 people in 2021. The average revenue of companies featured in the ranking was approximately €10 million, while the average growth rate of the companies over the last four years was 594%. The awards programme also saw 17 new entrants appearing on the ranking for the first time, seven of which were in the top 10. There was also an increase in the number of female CEOs in the ranking with seven organisations led by females.

This year’s ranking features companies from all four provinces with eight counties represented in the rankings. 29 companies are Leinster-based, eight are from Munster, nine are from Ulster, and there are four representatives from Connacht.

Announcing the winners of the Deloitte Technology Fast 50 programme, David Shanahan, Partner, Deloitte said:

In addition to announcing the ranking of the Fast 50 companies, the Deloitte Technology Fast 50 awards included a number of award categories. The winners of these awards this year were:

• Scale Up Award in association with Scale Ireland - Winner: MCO (MyComplianceOffice). This award recognises a company that has demonstrated an impressive ability to scale up or expand overseas over the last four years.

• Innovative New Technology Award in association with Google - Winner: Thinscale. This award is for a company that has created or introduced a new or innovative product or service to international markets that has helped grow their business over the last four years.

• Impact Award in association with Meta - Winner: TEKenable. This award is for a company that has made a significant impact within the current year.

• Advocate for Women in Technology Award in association with Indeed - Winner: Andrea Reynolds, CEO Swoop Funding. This award will be given to an individual who has demonstrated through their actions that they are an advocate for increasing participation by and promotion of women in the technology sector.

• Alumni Award - Winner: TransferMate. This award acknowledges a company that has played a major role in the Fast 50 programme to date. This year’s recipient, TransferMate, has featured four times in the ranking to date.

The Deloitte Technology Fast 50 ranking features both private and public listed technology companies that have demonstrated innovative strategies, sound management practices and marketplace vision, driving them to achieve the status of high-growth leaders. Full details on the winners can be found at www.fast50.ie.

Ends

Issued by Murray on behalf of Deloitte Ireland

For further information contact:

Martin Phelan
Murray
mphelan@murraygroup.ie
087 2467106

Olwyn Flanagan
Deloitte
oflanagan@deloitte.ie
083 173 7585

Notes to editors

The Deloitte Technology Fast 50 Ranking 2022

About the Deloitte Technology Fast 50 Programme

To enter the Fast 50 Awards, companies must meet the criteria listed below. Entries must be submitted electronically via the application link at www.fast50.ie, with the necessary supporting documents.

Fast 50 awards criteria:

1. The company must have accounts covering a minimum of four years (i.e. four full twelve-month financial periods).

2. The company must be considered a technology company which, for this purpose, is defined as a company that meets at least one of the following four criteria:

• Owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;

• Manufactures a technology related product;

• Devotes a significant proportion of operating revenues to research and development of technology;

• Is technology intensive or uses its own unique technology to solve problems.

NB: Companies using third party technology or intellectual property in a unique way do not meet this definition. Consulting companies, professional services firms, resellers and others who don't rely on proprietary technologies to generate their revenue are not eligible.

3. The parent company must be Irish-owned and have its headquarters in Ireland.

NB: Companies headquartered in Northern Ireland can take part in the Irish OR the UK programme, but need to choose one or the other and cannot enter both.

4. The company must not be a subsidiary of a larger group.

NB: the accounts for the base-year must have an accounting period ending between 1 June 2018 and 31 May 2019; and the accounts for the most recent financial year must have an accounting period ending between 1 June 2021 and 31 May 2022.

5. The company must have base-year (year 1) operating revenues of €50,000 (£43,000) or more and a current year (year 4) operating revenue of at least €1,000,000 (£859,900).

Operating revenue figures must be calculated on a consistent basis. Please disclose in your application any change in revenue recognition between the year 1 and year 4 accounts.

NB: the accounts for the base-year must have an accounting period ending between 1 June 2018 and 31 May 2019; and the accounts for the most recent financial year must have an accounting period ending between 1 June 2021 and 31 May 2022.

6. All submissions must be accompanied by signed accounts for the first and last financial year being measured in the competition.

Where accounts are not audited, a cover letter must be provided. This cover letter should be on company headed paper, signed by a director of the company, stating and confirming the revenue figure per the accounts. Where only abbreviated accounts are available (with no profit and loss statement shown), please provide alternative financial information supporting the revenue figure presented, for example, management accounts used by the company, along with the cover letter described above.