Frequently asked questions
Technology Fast 50
What is the Deloitte Technology Fast 50 and Technology Fast 500 EMEA?
Deloitte Technology Fast 50 program lists the 50 fastest growing technology companies in Finland. Technology Fast 50 program is part of the Technology Fast 500 EMEA and Global Technology 100 programmes. Deloitte Technology Fast 500 EMEA is one of Europe's most objective rankings for the technology, media and telecommunications industries.
It was created to recognize the effort and dedication of those 500 fastest-growing technology companies in Europe, the Middle East and Africa (EMEA) and includes all areas of technology: from Internet to biotechnology; from medical and scientific to computers. It includes both public and private companies.
General requirements and eligibility criteria
Participants can be public or private, and encompass all technology industry segments including: software, hardware, communications, media, clean technology and life sciences.
To take part in the Technology Fast 50, the company must be in business at least 4 years, the first year’s turnover should be at least 50 000€, and fourth-year sales of 800 000€. Companies can either be public or private companies, but the company and its parent company must be registered in Finland. Each participant must be a technology company that:
- Develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues; or
- Manufactures a technology-related product; or
- Devotes a significant percentage of operating revenues to research and development of technology; or
- Is technology intensive, or uses unique technology to solve problems.
Technology Fast 50 competition in connection with the registration of companies must notify the company's net sales from 2013 to 2016 through the online entry form. Financial statements (financial years 2013 and 2016) must also be submitted electronically at email@example.com
How does Deloitte determine the winners?
We are looking for rapid growth, so the rankings are based on the company's revenue growth over the last four year (2013-2016) period. The competition is not measured by the current financial performance or profitability. The Deloitte Technology Fast 50/500 EMEA winners are based on four-year average percentage growth for each technology company. The 500 that meet the strict definition of "technology companies with the fastest growth over four years" make the list. Deloitte assumes that all information provided by each company is accurate and does not independently verify such information.
How to calculate the race four-year growth rate calculated?
(turnover in 2016 - turnover 2013) / turnover in 2013 * 100 = growth rate
Participation is free of charge.
Do companies benefit from their participation in the Deloitte Technology Fast 50/500?
A position in the Deloitte Technology Fast 50/500 EMEA ranking helps companies to create awareness, build credibility, attract business partners and increase employee pride. It also generates immense media coverage. Additional value comes from the fact that the programme is one of only a few that focuses on pure technology, media and telecommunications industry segments.
Deloitte Technology Fast 500 EMEA winners are part of an elite global group, with the potential to network and create a community of companies that, in turn, can promote a platform of best practices
Where do entries originate for the Deloitte Technology Fast 500 EMEA?
The list is compiled from the following three sources: 1) Regional Technology Fast 50 winners in Europe, Middle East and Africa, which are submitted automatically for Technology Fast 500 EMEA consideration; 2) Nominations submitted directly to the Deloitte Technology Fast 500 EMEA where Regional Technology Fast 50 programmes are unavailable; and, 3) From DTTL’s own research of public companies.
*DTTL= Deloitte Touche Tohmatsu Limited assumes that all information provided by each company is accurate, and does not independently verify such information.
When will winners be named?
Winners are announced and published in December 2017.
Who administers the Deloitte Technology Fast 500 EMEA?
The Deloitte Technology Fast 500 EMEA programme is administered by DTTL's Technology, Media & Telecommunications (TMT) global industry group. This TMT group has extensive knowledge of companies operating in these industries and the challenges they face in areas such as: the Internet; software; computers; telecommunications and networking; semiconductors; broadcasting; and, publishing. Deloitte member firm TMT practices provide a global network of dedicated professionals who can deliver innovative solutions to clients worldwide.
When and why did Deloitte create a Technology Fast 500 EMEA?
The original program, the Deloitte Technology Fast 500 North America, was founded in 1995. The technology market in EMEA also is significant-in terms of size and growth-so, in 2001, DTTL expanded the programme to Europe. The ranking of established and emerging high-growth companies in the region is a tribute to those that continue to thrive-even during times of economic slowdown. While the stock market may be more volatile and investors more cautious, it is companies such as these that will likely be key forces behind economic growth in Europe for years to come.
Furthermore, since award winners likely will continue to grow at a rapid pace and be the source of future technological advances, this DTTL programme recognises, rewards and raises the profile of the fastest-growing firms-not only in EMEA, but within a global context where technology chief executives operate.
In Finland, the program has been organized annually since 2005.