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Deloitte Technology Fast 50 in Central Europe

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Welcome to the official site of the Deloitte Technology Fast 50 Program in Central Europe. This prestigious annual award honors the fastest growing Central European technology companies, based on the percentage of revenue growth over five-year period. Revenue growth is calculated in local currency. Companies must meet a minimum revenue threshold (in Euros) in order to qualify.

To be eligible, companies must meet a number of criteria. Deloitte representatives verify the data from registered companies to determine whether it has been accurately reported. Deloitte does not audit the companies nor does it analyse their financial standing.

This competition is a Deloitte initiative on a regional and global level that aims to draw attention to fast-growing companies and to highlight companies who are just establishing themselves on the market.

Technology Fast 50 2014 Ranking

• The average growth rate of CE’s Fast 50 technology companies rises to 698% from 671% in 2013
• Companies from 10 countries are represented
• 26 companies enter the ranking for the first time, 10 move up and 14 move downwards
• Software companies (26 entries) again lead the ranking, followed by internet (12) and telecoms/networking (6) businesses

The pace of change among Central Europe’s fastest-growing technology companies has been enormously rapid over the last year. This is clearly demonstrated in the 2014 edition of Deloitte’s CE Technology Fast 50 report, in which four of the top five companies showing the strongest revenue growth rate over the last five years (2009 – 2013) are new entries to the ranking.

Hungarian online sale of accommodation business Szallas.hu leads the way with a five-year revenue growth rate of 2259%. Next place goes to Polish financial comparison website Comperia.pl (1962%), which rises from fourth place in the 2013 report. The next three places are also occupied by new entrants: Serbia’s High Tech Engineering Center (1777%); Romanian software developer ITNT (1433%); and Polish web development agency Netguru (1386%).

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Technology Fast 50 2014 Ranking

Rank
Company name
Country
Growth
1. Szallas.hu Kft. Hungary 2259%
2. Comperia.pl S.A. Poland 1962%
3. High Tech Engineering Center llc. Serbia 1777%
4. ITNT S.R.L. Romania 1433%
5. Netguru Sp. z o.o. Poland 1386%
6. ITMAGINATION Sp. z o.o. Poland 1342%
7. Ruptela UAB Lithuania 1211%
8. Prezi.com Kft. Hungary 1183%
9. Infinum d.o.o. Croatia 1168%
10. Dolphio Consulting Kft. Hungary 968%
11. Salveo Poland Sp. z o.o. Poland 936%
12. RBO Sp z o.o. Poland 900%
13. Nanobit d.o.o. Croatia 876%
14. Data House UAB Lithuania 861%
15. AUDIOTEKA POLAND Sp. z o.o. Poland 799%
16. Játéknet.hu Kft. Hungary 794%
17. GOCLEVER Sp. z o.o. Poland 777%
18. Bitgear Wireless Design Services d.o.o. Serbia 759%
19. Swiftway Sp. z o.o. Poland 743%
20. Kilgray Fordítástechnológiai Kft. Hungary 548%
21. Europa Digital Croatia 536%
22. Billennium Sp. z o.o. Poland 508%
23. Future Processing Sp. z o.o. Poland 492%
24. ECON Consulting Kft. Hungary 476%
25. Logic point s.r.o. Czech 474%
26. Internet Shop s.r.o. Czech 462%
27. Softelligence Romania 459%
28. Life Is Hard S.R.L. Romania 453%
29. IAI S.A. Poland 447%
30. Capture Zrt. Hungary 447%
31. Kishonti Kft. Hungary 446%
32. FRU.PL S.A. Poland 445%
33. ITSG Sp. z o.o. Poland 441%
34. TeamNet International S.A. Romania 424%
35. POWERPLAY MANAGER, s.r.o. Slovakia 422%
36. WebSupport, s.r.o. Slovakia 417%
37. Fortech Romania 403%
38. MTTC Eesti OÜ Estonia 385%
39. easyCALL.pl S.A. Poland 375%
40. Arboreus Kft. Hungary 367%
41. inSolutions Łukasz Kristof Rafał Krzaczyński s.c.
Poland 363%
42. Trencadis Romania 362%
43. Lemax - iTravel Software Croatia 359%
44. Innovatrics, s.r.o. Slovakia 344%
45. nSoft UAB Lithuania 337%
46. INVEA-TECH a.s. Czech 326%
47. P.H. Elmat Sp. z o.o. Poland 322%
48. MNEMONICA JSC Bulgaria 317%
49. Insys K. Bartkowski, P. Czekała Sp. J. Poland 316%

50.

iData Műszaki Informatikai Mérnöki Iroda Kft.

Hungary

314%

 

CE Fast 50 Eligibility criteria

Companies must meet the below criteria to be eligible for one of the categories of the Technology Fast 50.

Deloitte representatives will verify the accuracy of revenues reported by companies by comparing them against the companies' financial statements, to be provided to Deloitte by request. Deloitte does not audit the companies nor does it analyze their financial standing.

Revenue growth is calculated in local currency. Companies must meet a minimum revenue threshold (in Euros) in order to qualify.

Participants can be public or private, and encompass all technology industry segments including:

  • Biotech / Pharmaceutical / Medical equipment,

    Telecommunications / Networking,
  • Computers / Peripherals,
  • Internet,
  • Semiconductors, components and electronics,
  • Media and entertainment,
  • Software,
  • Greentech.

 

Category - Technology Fast 50

Participants must meet the following criteria in order to be eligible for the Technology Fast 50 ranking:
  • Must be a technology company, defined as follows:
  • an owner of proprietary technology that contributes to a significant portion of the company's operating revenues;
  • a company that devotes a significant portion of revenues to research and development of technology.
  • Must have operating revenues of at least €50,000 each year (exchange rates are based on annual average given by the central bank of the company's respective national currency). Revenue must be accounted for on a consistent basis during a period of five years.
  • Must be a company that has been in business for a minimum of five years.
  • Must have an ownership structure that excludes majority-owned subsidiaries of strategic entities.
  • Must be headquartered within one of the following Central European countries: Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, or Slovenia or have shares listed on a European stock exchange (subsidiaries do not qualify).

 

Category - Rising Stars
For consideration in the Rising Star category, a company must meet the following criteria:
  • Must be a technology company defined as follows: ◦an owner of proprietary technology that contributes to a significant portion of the company's operating revenues;
  • a company that devotes a significant portion of revenues to research and development of technology.
  • Must have operating revenues of at least €30,000 (exchange rates are based on annual average given by the central bank of the company's respective national currency). Revenue must be accounted for on a consistent basis.
  • Must be a company that has been in business for a minimum of three but less than five years.
  • Must have an ownership structure that excludes majority-owned subsidiaries of strategic entities.
  • Must be headquartered within one of the following Central European countries: Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, or Slovenia or have shares listed on a European stock exchange (subsidiaries do not qualify).

 

Category - Big 5
For consideration in the Big 5 category, a company must meet the following criteria:
  • Must be a technology company, defined as follows: ◦an owner of proprietary technology that contributes to a significant portion of the company's operating revenues;
  • a company that devotes a significant portion of revenues to research and development of technology.
  • Must have operating revenues of at least €50,000 (exchange rates are based on annual average given by the central bank of the company's respective national currency). Revenue must be accounted for on a consistent basis during a period of five years.
  • Must have 2013 revenues in excess of €25 million.
  • Must be a company that has been in business for a minimum of five years.
  • Must have an ownership structure that excludes majority-owned subsidiaries of strategic entities.
  • Must be headquartered within one of the following Central European countries: Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, or Slovenia or have shares listed on a European stock exchange (subsidiaries do not qualify).
     

Deloitte Technology Fast 50 in Central Europe Archive

2013  |  2012  |  2011

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