Athlone based Oxymem afforded ‘Fast 50’ company recognition

An Athlone based company, whose mission is to make the world’s wastewater treatment affordable, sustainable and energy efficient in order to cope with the challenges of climate change, population growth and industrial expansion, has been listed in the 2019 Deloitte Technology Fast 50 ranking companies.

Oxymem, who are located within Moydrum Business Park, were afforded due recognition on a detailed listing which incorporates the country’s 50 fastest growing technology companies based on revenue growth over the last four years and this year marks twenty years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.

Oxymem takes the eleventh spot in the ranking of the Deloitte Technology Fast 50 awards, one of Ireland’s foremost technology award programmes.

Cumulatively, the 2019 Fast 50 winners generated approximately €3.6 billion in total annual revenues in 2018. The average revenue of companies featured in the ranking was approximately €70 million, while the average growth rate of the companies over the last four years was 347 percent.

Announcing the winners of the Deloitte Technology Fast 50 programme, David Shanahan, Partner, Deloitte, commented, “since 2000, the awards have showcased an innovative and diverse range of Irish technology companies, and this year is certainly no different. Over this time, we have seen Irish technology companies capitalise on the opportunities that came from technology deregulation, the emergence of an international financial services sector here, and the growth of e-learning and virtualisation technologies, to name a few.

“This year, it is fantastic to see so many new entrants perform so strongly in the ranking, and it is encouraging to see these companies use technology innovation to address really important issues, from energy solutions to supporting the development of tech talent.

“We’re delighted to be supporting these companies and recognising them with these awards. Over the last 20 years, the Fast 50 has become the benchmark of success for Irish tech companies.”

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