Technology Fast 500 EMEA
Lithuanian company - among the 500 most innovative technology companies in the EMEA region
As many as 39 CE companies made this year's ranking for the EMEA region including Lithuanian company INVENTI UAB. The ranking leader, Fingerprint Cards, a Swedish company operating in the biometrics industry, reported a 28,000% revenue growth over the last 4 years. Codewise, a Polish company has been ranked the highest in Deloitte Technology Fast 500 EMEA, taking the 3rd place with a revenue growth of 13,052% that is much higher than the average growth in the EMEA region (967%). For the third time in 16 years of the ranking's history a CE company is in the top 3.
The Deloitte ranking includes the fastest-growing technology companies in the EMEA region
The ranking is prepared based on the percentage increase in operating revenue (sales) for the last four years (2012 vs. 2015). The average growth rate of the revenue generated by all ranked companies has reached 967 percent vs. 1012 percent achieved last year.
The performance indicates that maturity of the technology industry in the EMEA region has been growing.
- says Magdalena Burnat-Mikosz, Deloitte Partner and Technology Fast 500 Leader in Central Europe
As many as ten CE firms have been ranked in the top hundred of Fast 500
Codewise, a Polish provider of e-marketing tools and the winner of Technology Fast 50, has been ranked third. In 2012-2015 its revenue growth exceeded 13,000 percent.
It is an honour and a proud moment for the company to be awarded third place in the Deloitte EMEA Fast 500. Winning the Deloitte Central Europe Rising Star award in 2015 and then both the leader of the Fast 50 and Big 5 award earlier this year was a testament to our continued success. To now demonstrate our leadership across all of EMEA with this award, reinforces my belief in our ability and ambition to build a global company out of Poland. I am strongly convinced that this is a beginning of something big.’
- says Robert Gryn CEO Codewise
Poland is represented by the total of 15 businesses in EMEA Technology Fast 500, while the CE region has 39 representatives. Six come from the Czech Republic, four from Slovakia; Croatia, Romania and Hungary are represented by three businesses each, while Bosnia and Herzegovina, Bulgaria, Lithuania, Serbia and Slovenia have one representative each.
As in previous years, France has been represented by the largest number of companies (94). The UK and the Netherlands come second and third, respectively.
The success of Codewise is the best proof that dreams about a global company built in Central Europe can become a reality. Results of this year's EMEA Technology Fast 50 fully support the statement. All 39 firms from the region included in the ranking met the criteria, to include the 2015 revenue of at least EUR 800,000.
- says Magdalena Burnat-Mikosz
Traditionally, this year's edition of Deloitte Technology Fast 500 EMEA has been dominated by software industry companies, accounting for more than half of participants. The media sector is represented by 24 percent of companies, with the communication sector coming third (over 10 percent of participants).
Lithuanian company success
One of the Lithuanian companies positioned itself in a venerable 314th place of this year’s rating, namely software development company INVENTI UAB. INVENTI UAB, which is a cloud solutions creator, earlier this year took 44 place in Deloitte CE Technology Fast 50 rating with its growth of 367.17% (7th position in the Rising Stars category last year).
The Top Ten
Winners by sector
About the ranking
Deloitte Technology Fast 500 EMEA ranking presents 500 fastest-growing technology innovation businesses in the region, ranked by revenue growth rate. The nominated businesses come from regional editions (the basic category). Poland has been included in Technology Fast 50 Central Europe ranking published in October 2016.
To qualify for the ranking, businesses need to fulfil the following criteria
- develop or create propriety technologies and/or spend a significant amount of capital on research & development;
- have an ownership structure that excludes majority-owned subsidiaries of strategic entities;
- have its headquarters in a participating country;
- remain in business for at least 4 years and have base-year operating revenues of €50,000 and a current year operating revenue of at least €800,000.