LONDON - Xydus, one of a handful of government certified identity service providers, or IDSPs, today announced it's been recognised as the 15th fastest growing UK technology company by Deloitte’s Fast 50 awards programme. Created by professional services leader Deloitte, and now in its 25th year, the Fast 50 programme has consistently identified the UKs future technology pacesetters.

More than a decade after pioneering a technology platform that delivered on the promise of reusable digital identities, the London-headquartered company counts global brands and multinationals with household names amongst its customers including the UK’s NHS, Philip Morris International & Hitachi.

Xydus has developed a channel partner model attracting leading corporate advisory firms, global digital services and solutions providers and consumer reference agencies including TransUnion, Vialto & Presidio. 

Russell King, CEO of Xydus, commented: “We are all thrilled that Deloitte has recognised Xydus in this year’s Fast 50. Being a Fast 50 company matters a great deal to this team, and is a testament to the continual progress and development by our tech pioneers over many years. Our growth further reflects how the need to solve identity issues for this expansive world will only grow as it becomes ever more embedded into our daily lives."

“The exceptional growth of this year’s Fast 50 and Xydus in particular is a marker of the ongoing strength and resilience of the UK’s technology industry, which continues to thrive despite considerable headwinds. Deloitte’s 2022 Fast 50 awards showcase the talent and innovation in the UK’s technology industry today.” Duncan Down, lead partner for the Deloitte UK Technology Fast 50.

The need for Xydus’ technology is on the rise globally as job vacancies rise and hybrid working predominates. Xydus recently commissioned research firm Censuswide to survey 501 senior UK business decision-makers employing over 1000 people. The study found respondents in industries reliant on high-volume hiring were ill-informed on right to work (RTW) checks. For instance nearly half, 46%, of financial companies, 41% of healthcare employers and 38% of manufacturers, believed they could legally conduct RTW checks after employees started their tenure.