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Deloitte Technology Fast 50 in Central Europe

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Hungarian online real estate 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%).

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
CE Technology Fast 50

Technology Fast 50

 

Rank

 Company

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.

LGBS Polska 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 Republic

474%

26.

Internet Shop s.r.o.

Czech Republic

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 Republic

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%

 

Rising Stars

Rank

Company

Country

 Growth

1.

Distinction Kft.

Hungary

2746%

2.

ShiwaForce.com Zrt.

Hungary

1126%

3. 

eLib.pl Sp. z o.o

Poland

1002%

4.

Imperia Online Ltd.

Bulgaria

498%

5.

Xi Investment Sp. z o.o.

Poland

479%

6.

Simplity s.r.o.

Czech Republic

456%

7.

VISIBILITY s.r.o.

Slovakia

370%

8.

Funmedia Sp. z o.o.

Poland

346%

9.

ZENTITY a.s.

Czech Republic

334%

10.

Currency One S.A.

Poland

327%

Big 5

Rank

Company

Country

Growth

1.

GOCLEVER Sp. z o.o.

Poland

777%

2.

Internet Shop s.r.o.

Czech Republic

462%

3.

TeamNet International S.A.

Romania

424%

4.

ESET, spol. s r.o.

Slovakia

274%

5.

Grupa Pracuj S.A.

Poland

184%

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).

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