Deloitte Technology Fast 50 2017 ranking

The results are in!

The speed of growth among Central Europe’s technology companies continues to accelerate, with average growth between 2013 and 2016 delivered by the companies featuring in the 2017 Deloitte CE Technology Fast 50 ranking hitting a new record of 1127%.

This is the second consecutive year that the average rate has broken through the 1000% mark. This not only confounds any suspicions that last year’s exceptional results could not be surpassed – it also highlights the medium-term sustainability of the current tech boom in Central Europe. 

Key figures

• 2017 marks the 18th year of Deloitte Technology Fast 50 Central Europe program 
• The 2017 CE winners represent 11 countries across Central Europe
• The top 10 ranked companies represent six countries: Lithuania, the Czech Republic, Poland, Slovakia, Bosnia and Herzegovina and Croatia.
• The average growth rate for the 2017 CE list is 1127%
• Growth for individual companies on the list ranged from 310% to 7165%
• IT & Digital Solutions companies dominated this year’s rankings (39 companies)

Top companies

First place in the 2017 ranking went to the Czech search engine - Kiwi.com, whose impressive growth rate of 7165% eclipsed 1534% it recorded in 2016 in the Rising Stars category.

Deeper (winner in the Rising Stars category in 2016) - a Lithuanian company that designs, develops and produces smart electronic devices for sports and outdoor activities - took second place, with a growth rate of 7048% .

Third place in the ranking was awarded to the Czech 3D printing company Prusa Research, with its four-year growth rate of 6910%.

Rising Stars

First place in the Rising Stars category in 2017 went to the Lithuanian CGTrader - one of the world’s leading 3D-model marketplaces, with over 1 000 000 users and featuring 560 000 models for computer graphics, VR/AR and gaming. The company recorded a growth rate of 3329%.

Big 5

ZOOT a.s. – a Czech online shop that builds a new generation of the fashion retail - Retail 3.0, with a strong focus on customer experience, technologies and fun is the winner in the Big 5 category, with a growth rate of 820%.

Most Disruptive Innovation (MDI) Award

This year’s ‘Most Disruptive Innovation’ award winner is Serbia-based heating and ventilation technology business Dadanco Europe - a company which is introducing a practical means of slashing energy consumption in urban environments across the world.

Most Disruptive Innovation - Special Distinction

A special MDI distinction goes to Bucharest-based UiPath, the fastest-growing robotic process automation vendor in the world.

Whether large, small, public or private, emerging growth companies are powering innovation in the broader economy and the examples in this report are a best in class display of cutting edge businesses who are transforming the way we do business here in Central Europe.

- Alastair Teare, CEO, Deloitte Central Europe