Meridio ranked 22nd in the Deloitte Technology Fast 50
Meridio recognized for its sales growth over the past 5 years
Belfast NI, November 28, 2006 – Meridio, the leading worldwide provider of enterprise Document and Records Management (eDRM) software engineered for Microsoft® .NET Framework based technologies today announced that it ranked Number 22 in the 2006 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. Meridio grew 285% during this period.
Meridio, a previous winner of the Deloitte Rising Star award has backed up its fourth place of last year with another year of consistent growth. FY 2006 revenues were up a spectacular 70% year on year, with license revenue more than doubling. The Meridio listing in the Deloitte Technology Fact 50 comes on the heels of winning the Irish Software Association prestigious Sales Achievement Award.
"2006 was a great year for Meridio," said Brian Baird, CEO at Meridio. "It is gratifying to see our growth acknowledged in the Deloitte Fast 50 Rankings. Our partners fueled this expansion especially in the key verticals of Government, Financial Services and Manufacturing."
Announcing the winners of the Technology Fast 50 program, Tom Keenan, Partner with Deloitte, Belfast said: "What's very encouraging about this year's awards is that we are seeing strong performances from both new and previous entrants. This bodes well for our indigenous Irish companies and proves that Ireland is consolidating its position as a key player within the sector, while simultaneously producing fresh and innovative new companies."
The Fast 50 program, now in its seventh year ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland. Thirty-five companies from the Republic of Ireland and 15 companies from Northern Ireland were recognized for achieving an average annual growth of 852% over the last 5 years. This represents an increase of 329% on last year.
The Awards ceremony took place in the Mansion House, Dublin and was timed to coincide with the inaugural Deloitte Technology Forum, themed this year, 'Get Connected – Celebrate Innovation'. Industry figures speaking at the event included Cyril McGuire, Chairman and Chief Executive Officer, Trintech Technologies Limited, Martin Murphy, Managing Director, HP Ireland, and Paul Lee, Director, Deloitte Research, Deloitte UK.
About the Deloitte Technology Fast 50 Program
To enter the Fast 50 Awards, companies must meet the criteria listed below. Entries must be sent in electronically, either by the companies themselves or through a third party.
Entry Criteria:
To enter the Fast 50 Awards, companies must meet the criteria listed below. Entries must be sent in electronically, either by the companies themselves or through a third party.
Entry Criteria:
Have been in business for a minimum of five years;
Considered a technology company, which is defined as
producing technology
manufacturing technology-related products
be technology intensive, or use unique technology to solve problems
devoting a high percentage of effort to technology R&D
The parent company must be Irish owned and have its headquarters in Ireland (subsidiaries of multinational organisations do not qualify)
Operating revenues must be at least £35,000 for 2001.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting and financial advisory services—and serves more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu", or other related names.
About Meridio
Meridio is the leading worldwide provider of enterprise Document and Records Management (eDRM) software, engineered for Microsoft® .NET platforms. Meridio® enables organizations to meet their corporate governance needs including compliance to legislation, avoidance of litigation, and business process optimization. Meridio with Microsoft provides complete lifecycle Enterprise Content Management (ECM), from document creation and modification, to record declaration, policy-driven retention and final disposal.
Meridio is a Microsoft Gold Certified Partner with operations in North America, Europe and Asia Pacific.
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