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Deloitte Technology Fast 50 CE 2017

Scoro Software among fastest growing technology companies in Central Europe

Scoro Software, one of the leading providers of work management solutions headquartered in Tallinn, ranks among the fastest growing technology companies in Central Europe on Deloitte’s Technology Fast 50. Scoro Software claimed the spot with a growth rate of 353 percent from 2013 to 2016.

The Deloitte CE Technology Fast 50 programme encourages and promotes entrepreneurial, fast-growing technology companies by celebrating their achievements. Companies must meet a number of criteria to be considered eligible and award winners are selected by revenue growth over the four-year period. In 2017, the Fast 50 was once again dominated by companies from the IT & Digital Solutions sector (39). There were 10 entrants from the Internet, Media and Telecom sector, and one from Clean Tech & Energy.

“Companies listed in the 2017 ranking are innovators, whose accelerated growth is a result of disruptive technology, forward-thinking and focused leadership supported by strong teamwork. We are extremely proud to see an Estonian company included in this year's ranking and hope that the rating opens up new opportunities and contributes to their further success. We at Deloitte are committed to working with such entrepreneurial companies and hope to support the acceleration of their growth via our global network,” said Monika Kallas, Head of Deloitte Advisory.

Scoro is an end-to-end work management solution which allows professional and creative services to control their business processes and entire workflow from one place. Scoro's features cover everything you need to manage your business – from sales right through to billing.

“We’re seeing a lot of new software solutions trying to solve future problems. AI and machine learning are set to completely reshape the way we work, but the underlying structure and processes of most companies are far from being ready for that. That’s exactly what we’re aiming to solve - provide this structure for our customers and thus become a crucial building block for these next-generation work management applications,” commented Fred Krieger, CEO of Scoro Software.

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 ranking hitting a new record of 1,127 per cent. “This is the second consecutive year that the average rate has broken through the 1,000 percent mark highlighting the medium-term sustainability of the current tech boom in Central Europe,” commented Monika Kallas from Deloitte. Fred Krieger attributes the company’s rapid growth to their skilled team and dedication to solving complex problems. “Focusing on consistent product development and aiming to provide the most comprehensive solution for efficient work management has enabled us to reach customers in more than 40 countries,” he added.

This year, 11 countries contribute companies to the Fast 50. First place in the 2017 ranking goes to Czech online flight-booking business Kiwi.com. Growth rate of 7,165 percent suggests that its 2021 target of becoming the world-leader in online travel is within its grasp. From the Baltics, 6 Lithuanian companies (Deeper, Good One, Invense, TV games, Adeo Web and TeleSoft) and 1 Latvian company (EasyOne) entered the CE Technology Fast 50 main category this year.

To find out more about the fastest-growing technology companies in Central Europe, visit the programme's website here.

 

Technology Fast 50 CE Report 2017
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