Deloitte CE Technology Fast 50 Competition
2015 Call for Entries
Deloitte announces the opening of registration for the Technology Fast 50 competition in Central Europe. The preeminent regional competition for companies in the technology sector, now in its 16th year, highlights both established and emerging technology companies in the region.
Deloitte opens registration for the 2015 edition of the Technology Fast 50, an annual ranking of the fastest-growing technology companies in Central Europe. This is the 16th consecutive year that Deloitte have run this programme in the countries of Central Europe (consisting of Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, and Slovenia).
Two Bulgarian companies – Mnemonica AD and Imperia Online Ltd. ranked among the fastest growing technology companies in the region in 2014. The companies Investor Bg. (2011), E-CARD (2011), Interconsult Bulgaria, Technologica, Telerik (2011) were among the finalists of previous editions of the ranking.
The Central Europe Technology Fast 50 ranks the fastest-growing technology companies based on their revenue growth over a four-year period. For the 2015 ranking, revenues from 2011 to 2014 will be analysed.
The competition is divided into three categories:
In order for a company to be considered eligible for the main Fast 50 ranking, it must meet following criteria:
- Annual revenues of at least €50,000 in each year between 2011 and 2014;
- Have its headquarters in a Central European country (Albania, Bulgaria, Bosnia & Herzegovina, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, or Slovenia);
- Develop or manufacture propriety technologies or spend a significant amount of capital on research & development;
- Have an ownership structure that excludes majority-owned subsidiaries of strategic entities.
Winners are then selected based on ranking eligible registrants by revenue growth over a four-year period from 2011 to 2014.
In the ‘Rising Stars’ category, Deloitte ranks ‘young’ companies that show great potential but are too new to meet the minimum of four years in operation criteria for the main category. Eligible companies must be in operation between three and four years and have to exceed revenues of €30,000 in each of the last three years (2012 – 2014). Otherwise the same criteria apply as for the main Fast 50 ranking.
The ‘Big 5’ category ranks large fast-growing companies that have achieved extraordinary growth in the previous four years. To be eligible, companies must meet the same criteria as the main Fast 50 ranking with the exception of annual revenue in the final measured year (2014), which must exceed €25 million for this category.
Online registration and eligibility criteria can be found on the regional Technology Fast 50 website at www.deloitte.com/fast50ce. Eligible registrants will be entered automatically into the Europe-wide competition known as the Deloitte EMEA Technology Fast 500.
Registration for this year’s ranking will close on 15 July 2015. The ranking will be announced in October 2015.