Technology Fast50 Turkey 2014

This report includes Fast50 winners ranking and company profiles as well as CEO Survey results with regards to assessments and predictions of the winning companies’ CEOs about the technology sector.

This year, Cordisnetwork tops our list with a growth of 4192%. “Technology Special Award” is presented to the fastest growing company among the Fast50 that managed to make the shortlist three times consecutively. This year, Natek Bilişim is the recipient of our Technology Special Award. The companies that have achieved € 50.000.000 or more in revenues during fiscal year 2013 are our Big Star winners- Biotekno and Innova respectively.

Here are some key findings from the survey:

• 55% of the CEOs believe that the economy will grow in the next 12 months, while 45% believe it will stay stable or shrink. This is reflected on the confidence levels of the CEOs with regards to their companies’ growth levels, as after two years of increase in the confidence levels (extremely confident + very confident), there is a decrease in the confidence levels from 88% in 2013 to 74% in 2014.
• Most of the companies expect that organic growth will be the main source of growth over the next 12 months.
• In 2014, having a sound business strategy takes the first place that contributes most to the growth of the technology companies with 26% of the CEOs agreeing with it.
• Similar to CEOs’ belief that finding, hiring and retaining qualified employees is the biggest operational challenge in managing their companies’ rapid growth, every 1 out of 3 CEOs claimed that availability of talent is also the biggest threat to growth.
• “Developing leaders and delegating responsibility” has kept its position as the most important personal challenge as a CEO for the past 3 years.
• “Digitization and mobility” and “better use of data through analytics” are indicated to be the top two trends that will drive technology investments in the next three years according to the CEOs.