A CAGR increase of 178% over three years places the digital identity specialist as the 9th fastest-growing IT & Software company out of 1,000 recognised organisations in Europe.
Xydus is proud to announce it has been named among the fastest-growing companies in Europe, ranking 14th in the United Kingdom by the Financial Times and Statista in this year's FT 1000.
The central London-based leader in digital identity management ranked as Europe's 9th fastest-growing company in the IT & Software sector and the 57th fastest overall.
The FT 1000 features companies that have achieved the highest compound annual growth rate over a three-year period. The top ten finish from Xydus in the IT & Software category comes as the digital ID solutions market is forecast to reach USD$116 billion by 2030.
London maintained its lead as a growth hub in the special report, and Xydus recorded a 178% CAGR increase after helping to power the NHS Login Programme in England to over 30 million app sign-ups and over 7 million new users in 2022.
Other recent highlights for the company include being certified as an Identity Service Provider (IDSP) by the UK government and assisting such notable partners as Shopify, Yelp and Amazon to carry out compliant Right to Work (RTW) checks.
Welcoming news of the FT 1000 announcement, Xydus founder and CEO Mr Russell King said the company had come a long way since its foundation in 2012.
This award is a testament to our extraordinary team's hard work and dedication. Despite the many challenges of delivering a leading software platform built to guarantee global enterprise multi-jurisdictional regulatory compliance, the team has accomplished its goal.
Other global brands and multinationals that now form part of the Xydus client list include Philip Morris International, Deutsche Bank, and Vodafone. In addition to this, the company has developed a thriving channel partner model, attracting the world's leading corporate advisory firms, including TransUnion and Vialto Partners.
