Deloitte announces 2009 Technology Fast 500TM EMEA Rankings
In 2009, four Russian companies have made it into the ranking, which is a very positive result given the current economic situation.
Nov 30, 2009
Deloitte has announced the 2009 Technology Fast 500TM for EMEA (Europe, Middle East and Africa). The annual ranking of the fastest growing public and private technology, media, telecommunications, life sciences and green technology companies from 26 countries in EMEA is based on companies’ / entrants’ five-year revenue growth.
BIOTEKNO, a mobile business integrator, achieved the top spot on the list with a five-year growth rate of 42,417 percent to achieve 2008 fiscal year revenue of ˆ37.4 million. The company is privately held and based in Istanbul, Turkey.
"The right product based on the right technology and with the right team behind it can be a recession beater. Despite a backdrop of global recession, services and devices that deploy advanced technology, such as smart-phones and high-definition television, have all fared well in the last year. Fast growing technology companies know that it is not good enough for them to do well during good times: they need the capability to accelerate away from their competitors in a downturn." said David Halstead, partner in charge of Deloitte’s Technology Fast 500 EMEA program. "With its 42,417 percent growth rate over five years, BIOTEKNO has proven that its leadership has the vision and determination to grow in difficult conditions."
"The driving factor of our success is our fantastic team spirit" said Ahmet İlhan Öney chief executive officer of Biotekno.
The Deloitte Technology Fast 500 is the most objective industry-ranking standard to focus on the technology sector. Entrants to the ranking must have been in business at least five years and have had base-year operating revenues of at least ˆ50,000 and current year operating revenues of at least ˆ800,000.
IPNet
Rank: 35 Five-year Revenue Growth: 3,883%Sector: Telecommunications/networking
Progresstech LLC.
Rank: 219 Five-year Revenue Growth: 776% Sector: Other services
Luxoft
Rank: 283 Five-year Revenue Growth: 607% Sector: Software
Exigen Services
Rank: 308 Five-year Revenue Growth: 564% Sector: Software
"In 2009, four Russian companies have made it into the ranking, which is a very positive result given the current economic situation. Growth rates have decreased slightly; however, Russian companies have ranked significantly higher in 2009 than in previous years. This proves that companies operating in this area have vast potential, and their products and technological solutions are in demand despite economic instability in Russia and abroad. I am sure that a greater number of Russian companies could have been included in the ranking, but unfortunately many Russian technological companies could not participate, as they did not have audited financial statements," remarked Olga Tabakova, Partner and Leader of Deloitte CIS Technology, Media and Telecommunications group.
"We are delighted that ZAO IPNET has been included in the Deloitte Fast 500 EMEA ranking 2009. We are also happy to note that from 2004-2008, ZAO IPNET was 35th among 500 EMEA companies, which is the best ranking a Russian company has received in the history of the rating," said Murad Sofizade, the General Director of the company. "Despite the crisis, which affected the Russian technology market in 2008, among others, our company is continuing its progress and development, as well as looking for new opportunities to continue its fast growth."
Average Growth Rates Up Despite Economic Factors
The average five-year revenue growth in this year’s Deloitte Technology Fast 500 EMEA ranking is 24,068 percent for the top five companies and 1,470 percent for the top 500. Both of these figures are higher than last year, when average five-year revenue growth was 17,375 percent for the top five and 1,297 percent for the top 500.
"For the growth of the Fast 500 in 2009 to exceed that of 2008 despite the economic turbulence of the past year is nothing short of phenomenal. It shows both that companies are coming up with technological solutions that are meeting their customer’s needs, but also that they have the drive and determination to succeed despite the economic issues." said David Halstead, partner-in-charge of Deloitte’s Technology Fast 500 EMEA program.
Geographic Trends
The UK remains home to the highest concentration of Technology Fast 500 EMEA companies, with 87, followed by France (80). This reverses last year’s outcome, when France narrowly beat the UK. Turkey also climbed up the list, with 10 more ranked companies this year compared to 2008. This year also saw Greece join the Deloitte Fast 500 EMEA ranking.
Following the UK and France were: the Netherlands (58), Norway (50), Sweden (38), Germany (32), Turkey (30), Israel (25), Finland (23) Republic of Ireland (18), Hungary (10). There were 49 further companies from a range of countries.
Sector Trends
To reflect the changing times, the sector categories were slightly changed this year: Internet/Media was split into two sectors: Internet and Media/Entertainment. In addition a new sector was added: Greentech. "the Internet sector continues to grow in strength and relevance. The Internet’s ability to re-invent traditional sectors is likely to strengthen over the mid-term. The media sector should experience a surge of innovation, with Fast 500 companies likely to be focused on developing new devices, peripherals and business models. The long-term need for green tech to address environmental challenges appears increasingly apparent. Green tech is likely to address multiple opportunities from smart grids to carbon-negative cement.
The top five companies for 2009 represent a variety of sectors: Software, Telecommunications/Networking, Media/Entertainment and Internet. The top two companies are both from the same country: Turkey. The remaining three, are from the UK, Belgium and Germany.
The sector winners also come from a diverse range of countries: the UK, Turkey, Norway, Germany, Israel and Belgium. Additionally, the UK and Turkey both have two companies ranked as sector winners.
This article was originally posted by Deloitte.com and is the property of Deloitte & Touche Regional Consulting Services Limited
BIOTEKNO, a mobile business integrator, achieved the top spot on the list with a five-year growth rate of 42,417 percent to achieve 2008 fiscal year revenue of ˆ37.4 million. The company is privately held and based in Istanbul, Turkey.
"The right product based on the right technology and with the right team behind it can be a recession beater. Despite a backdrop of global recession, services and devices that deploy advanced technology, such as smart-phones and high-definition television, have all fared well in the last year. Fast growing technology companies know that it is not good enough for them to do well during good times: they need the capability to accelerate away from their competitors in a downturn." said David Halstead, partner in charge of Deloitte’s Technology Fast 500 EMEA program. "With its 42,417 percent growth rate over five years, BIOTEKNO has proven that its leadership has the vision and determination to grow in difficult conditions."
"The driving factor of our success is our fantastic team spirit" said Ahmet İlhan Öney chief executive officer of Biotekno.
The Deloitte Technology Fast 500 is the most objective industry-ranking standard to focus on the technology sector. Entrants to the ranking must have been in business at least five years and have had base-year operating revenues of at least ˆ50,000 and current year operating revenues of at least ˆ800,000.
2009 Fast 500 Russian companies
IPNet
Rank: 35 Five-year Revenue Growth: 3,883%Sector: Telecommunications/networking
Progresstech LLC.
Rank: 219 Five-year Revenue Growth: 776% Sector: Other services
Luxoft
Rank: 283 Five-year Revenue Growth: 607% Sector: Software
Exigen Services
Rank: 308 Five-year Revenue Growth: 564% Sector: Software
"In 2009, four Russian companies have made it into the ranking, which is a very positive result given the current economic situation. Growth rates have decreased slightly; however, Russian companies have ranked significantly higher in 2009 than in previous years. This proves that companies operating in this area have vast potential, and their products and technological solutions are in demand despite economic instability in Russia and abroad. I am sure that a greater number of Russian companies could have been included in the ranking, but unfortunately many Russian technological companies could not participate, as they did not have audited financial statements," remarked Olga Tabakova, Partner and Leader of Deloitte CIS Technology, Media and Telecommunications group.
"We are delighted that ZAO IPNET has been included in the Deloitte Fast 500 EMEA ranking 2009. We are also happy to note that from 2004-2008, ZAO IPNET was 35th among 500 EMEA companies, which is the best ranking a Russian company has received in the history of the rating," said Murad Sofizade, the General Director of the company. "Despite the crisis, which affected the Russian technology market in 2008, among others, our company is continuing its progress and development, as well as looking for new opportunities to continue its fast growth."
Average Growth Rates Up Despite Economic Factors
The average five-year revenue growth in this year’s Deloitte Technology Fast 500 EMEA ranking is 24,068 percent for the top five companies and 1,470 percent for the top 500. Both of these figures are higher than last year, when average five-year revenue growth was 17,375 percent for the top five and 1,297 percent for the top 500.
"For the growth of the Fast 500 in 2009 to exceed that of 2008 despite the economic turbulence of the past year is nothing short of phenomenal. It shows both that companies are coming up with technological solutions that are meeting their customer’s needs, but also that they have the drive and determination to succeed despite the economic issues." said David Halstead, partner-in-charge of Deloitte’s Technology Fast 500 EMEA program.
Geographic Trends
The UK remains home to the highest concentration of Technology Fast 500 EMEA companies, with 87, followed by France (80). This reverses last year’s outcome, when France narrowly beat the UK. Turkey also climbed up the list, with 10 more ranked companies this year compared to 2008. This year also saw Greece join the Deloitte Fast 500 EMEA ranking.
Following the UK and France were: the Netherlands (58), Norway (50), Sweden (38), Germany (32), Turkey (30), Israel (25), Finland (23) Republic of Ireland (18), Hungary (10). There were 49 further companies from a range of countries.
Sector Trends
To reflect the changing times, the sector categories were slightly changed this year: Internet/Media was split into two sectors: Internet and Media/Entertainment. In addition a new sector was added: Greentech. "the Internet sector continues to grow in strength and relevance. The Internet’s ability to re-invent traditional sectors is likely to strengthen over the mid-term. The media sector should experience a surge of innovation, with Fast 500 companies likely to be focused on developing new devices, peripherals and business models. The long-term need for green tech to address environmental challenges appears increasingly apparent. Green tech is likely to address multiple opportunities from smart grids to carbon-negative cement.
The top five companies for 2009 represent a variety of sectors: Software, Telecommunications/Networking, Media/Entertainment and Internet. The top two companies are both from the same country: Turkey. The remaining three, are from the UK, Belgium and Germany.
The sector winners also come from a diverse range of countries: the UK, Turkey, Norway, Germany, Israel and Belgium. Additionally, the UK and Turkey both have two companies ranked as sector winners.
This article was originally posted by Deloitte.com and is the property of Deloitte & Touche Regional Consulting Services Limited