Deloitte announces 2013 Technology Fast 500TM EMEA rankings

Press release

Average company growth rate nearly 1,500 percent, with software sector leading rankings

New York, Moscow 29 November 2013 — French digital cinema specialists YMagis secured the top spot in Deloitte Touche Tohmatsu Limited (DTTL) Global Technology, Media & Telecommunications (TMT) industry group’s 2013 Technology Fast 500TM EMEA (Europe, Middle East and Africa) rankings, with an impressive growth rate of 59,096 percent. Ymagis is driving the digital cinema revolution in Europe, helping its partners to make the transition from traditional 35mm film to a more efficient digital solution. For the fourth consecutive year French companies dominated the program rankings, producing 86 winning companies, followed by the United Kingdom with 71 companies, and the Netherlands with 52 companies qualifying for the list.

“Ranking in the Fast 500 demonstrates that we have made great strides as a company in a short period of time, and during difficult economic conditions,” says CEO Jean Mizrahi. “Our success is the result of getting the balance right between caution and audacity, while building an environment where our people feel empowered to propose new ideas. We are excited by the opportunities that lie ahead.”

David Halstead, Deloitte Technology Fast 500 EMEA lead, Deloitte UK, commented, “Being one of the 500 fastest growing technology companies in EMEA is an impressive accomplishment. We commend Ymagis for making the Deloitte Technology Fast 500 EMEA with a phenomenal 59,096 percent growth rate over five years.”

Taking into account the fact that the EMEA Deloitte Fast 500 involves an evaluation of stable revenue growth over a five-year period, it is a great achievement for any company to be included in the ranking. The 2013 ranking included three Russian companies: CTI, ER-Telecom and STEK.COM.

“We are pleased that, despite the complicated economic situation, Russian companies continue to show intensive growth and development comparable with that of numerous European companies. We hope that Russia’s focus on innovative politics will enable even more Russian companies to make it into the rankings next year”, remarked Olga Tabakova, Partner and Head of the Technology, Media and Telecommunications Industry Group at Deloitte CIS.

Now in its 13th year, the annual Deloitte Technology Fast 500 TM  program ranks the fastest growing public and private technology, media, telecommunications, life sciences, and clean technology companies from 24 countries in the EMEA region, based on percentage revenue growth over a five-year period. This year’s Fast 500 list had an overall average revenue growth rate of 1,403 percent, a slight decrease from the 1,549 percent growth rate for 2012. This year the program received more than 1,000 submissions.

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