Deloitte Technology Fast 50 Central Europe

Insights

HTEC among the 50 fastest growing technology companies in Central Europe

Technology Fast 50

The Deloitte Technology Fast 50 in Central Europe is a programme that recognises and profiles fast growing technology companies in the region. The programme, which is now in its 17th year, ranks the 50 fastest growing public or private technology companies.

Key insights

  • The average growth rate of CE’s Fast 50 technology companies jumps to 1057% from 560% in 2015
  • The last time the average growth surpassed 1000% was in 2012 (1,026%)
  • Companies from 11 countries are represented in the ranking 43 companies are in the ranking for the first time, including those in first, second and third places; one moves up and six move down
  • Companies representing IT & Digital Solutions (41) dominate the ranking
Technology Fast 50

First place in the 2016 ranking goes to the Polish tech marketing hub and software business Codewise, whose amazing three-year growth rate of 13,052% eclipses the still highly impressive 4,555% it recorded in 2015 when winning the Rising Stars award. Unsurprisingly given this growth rate, Codewise also won the Big Five award this year.

In any other year, the second-placed CodiLime software business, also from Poland, would have dominated proceedings with its exceptional three-year growth rate of 5,038%. Third place in the Fast 50 goes to Czech IT services company Dataspring, with its three-year growth rate of 3,129%. Slovakia’s JUMP software house was fourth (1,965%) and fifth place was claimed by another software business, NSoft (1,760%), this year’s only entrant from Bosnia & Herzegovina.

Serbia

Serbian IT company High Tech Engineering Center llc is in the ninth place on this year's list with four-year revenue growth of 1,109%. HTEC is an engineering services company that provides complete technology solutions based on advanced software and custom electronics development. Company has three development centers in Serbia alongside offices in Sweden and San Francisco, and employs carefully chosen teams of the best engineers in the industry.

"Being one of Central Europe’s fastest growing companies 3 times in a row is a great testament to all the hard work of previous years. It is also a promise to our future. So, with the recent global expansion we are determined to deliver an even bigger impact to the world of high tech, and bring more prosperity to our current and future partners", said Aleksandar Čabrilo, CEO, High Tech Engineering Center.

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