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Central Europe Technology Fast 50

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This is a prestigious programme which honors Central European technology companies, drawing attention to fast-growing companies and highlighting those who are just establishing themselves on the market. It is an excellent form of publicity for those involved, bringing many benefits to those highly ranked, such as enhancing recruiting efforts and providing access to a network of industry peers.

 

Adam Chroscielewski, Technology Fast 50 programme 2014  leader for Deloitte Central Europe

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 2013 Ranking

Romanian Internet airline ticket retailer Vola.ro has placed first in Deloitte's 2013 Central Europe Technology Fast 50 for the third year in a row with a revenue growth rate of 5729% over the past five years.

Other fast-growing companies include system solutions provider, company Bitgear Wireless Design Services d.o.o. from Serbia, growing at a rate of 1872% over the last five years – the second-fastest growing company this year, after first appearing as a Rising Star in 2011. The third position belongs to the Polish software firm Softhis Sp. z o.o., who jumped up from the 29th position in 2012 with five-year growth rate of 1573%.

This year's Rising Stars are topped by Romanian software company INSOFT Development & Consulting SRL with a three-year revenue growth rate of 2884%. In the Big 5 category, Polish company GOCLEVER Sp. z o.o. was the fastest-growing company with 2012 revenues of over €25 million, and managed to remain in the Fast 50 main category in the eleventh position. The Czech Internet perfume retailer Internet Shop s.r.o. moved to the second position in this category after being ranked first last year.

Technology Fast 50 winners posted average revenue growth of 671%, a decrease on the 1026% average growth in 2012.

 

The Top Ten

Rank Company Country Sector Growth
1 VOLA.RO SRL Romania Internet 5729%
2 Bitgear Wireless Design Services d.o.o. Serbia Semiconductors, Components, Electronics
1872%
3 Softhis Sp. z o.o.         
Poland Software 1573%
4 Comperia.pl S.A.         
Poland
Internet 1500%
5 Ruptela, UAB         
Lithuania Telecoms/Networking 1282%
6 WEBTEH d.o.o.         
Croatia
Software 1110%
7 Játéknet.hu Kft.           
Hungary Internet 1008%
8 WebSupport s.r.o.         
Slovakia Internet
1003%
9 Swiftway Sp. z o.o.         
Poland Internet 926%
10 Infinum Ltd.          
Croatia Software 892%

 

 

Deloitte Technology Fast 50 in Central Europe

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).

 

CE Fast 50 Partners 2014

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Deloitte Technology Fast 50 in Central Europe Archive

2012 | 2011

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