2015 Technology Fast 50
The Deloitte Technology Fast 50 in Central Europe is a programme that recognizes and profiles fast growing technology companies in the region. The programme, which is now in its 16th year, ranks the 50 fastest growing public or private technology companies.
The pace of change among Central Europe’s fastest-growing technology companies is rapid and relentless. Three out of the top five places in the 2015 Deloitte CE Technology Fast 50 report, which ranks the companies showing the strongest revenue growth rate between 2011 and 2014, are new entries to the listing, including those in the first two places. However, the average growth rate of all companies in the Fast 50 has fallen from 698% to 560% over the last year, continuing the slide since the peak reached in 2012 of 1,026%.
Top place in this year’s ranking goes to Czech software company Simplity, with its four-year revenue growth rate of 1971%. Interestingly, Simplity was sixth in last year’s Rising Star category, when it was still too young to feature in the Fast 50 ranking itself. Next is secure mobile payments company Skycash Poland with 1,665%, while third place goes to last year’s overall leader, Hungarian online real estate business Szallas.hu.
The Rising Stars awards go to those companies that are too young to feature in the main Fast 50 report, but have recorded such spectacular growth rates over the last three years that they are almost certain to be included soon. The overall winner this year is Polish software company Codewise, whose astonishing 4,555% growth rate over the last three years is not far off double the 2,506% recorded by fellow Polish software business CodiLime. Third place goes to Croatian software agency Axilis (464%).
The Big Five category rewards those companies that, although fast-growing in their own right, are too large to compete directly on revenue growth terms with smaller businesses in the Fast 50. It is headed this year by Romanian software company Insoft Development & Consulting (577%), which is also 15th in the main ranking. Lithuanian e-commerce business UAB “Pigu” (235%) comes second, and Slovakian software company ESET (223%) is third.