Deloitte: Six Romanian companies in this year’s edition of Technology Fast 500 EMEA
DELOITTE CONSULTANTA S.R.L. - 29 November 2010
Romania's technology industry has marked yet another performance, with six local companies ranked in the Deloitte Technology FAST 500 EMEA 2010: TeamNet International (31st), AROBS Transilvania Software (212nd), CRYS Computers (283rd), Fortech (285th), LASTING Software (334th) and The Red Point (352nd).
This annual ranking includes the fastest growing public and private technology, media, telecommunications, life sciences and clean technology companies from 24 countries in EMEA (Europe, Middle East and Africa). The top is based on companies' five-year revenue growth.
Romania had seven companies nominated for this competition (the finalists in the Deloitte Central Europe Technology Fast 50), with the first six qualifying due to growth rates reported for the 2005 – 2009 period: TeamNet International (Bucharest, +3,120%), AROBS Transilvania Software (Cluj-Napoca, +831%), CRYS Computers (București, +635%) Fortech (Cluj-Napoca, +629%), LASTING Software (Timisoara, +541%), The RED Point (Iasi, +510%).
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 50,000 Euro and current year operating revenues of at least 800,000 Euro. The leader of the 2010 edition is British-based Mobile Interactive Group, a software developer reporting a 26,885% growth rate for the last five years.
Turbulent market conditions affect the average growth rate
The average five-year revenue growth rate in this year's Deloitte Technology Fast 500 EMEA ranking is 14,027% for the top five companies and 1,192% for the top 500. This was down from the 2009 average growth figures of 24,068% for the top five and 1,470% for the full ranking.
'Although the average rates are slightly down on 2009, we have still seen vast growth in this year's Fast 500, in spite of the challenging financial market conditions. The mobile technology and software sectors have been particularly robust,' says David Halstead, Deloitte United Kingdom and Partner in Charge of the Deloitte Technology Fast 500 EMEA programme.
Geographic Trends
France has the highest concentration of Technology Fast 500 EMEA companies with 94, followed by the UK with 86. However, the UK has three of those companies in the top five. Sweden jumped ahead of Norway and the Netherlands into third spot having produced 65 ranked companies – 27 more than it had in 2009.
Sector Trends
The software sector comprised 40 percent of the overall list with 202 companies, followed by Internet (22%), Telecommunications/Networking (15%), Semiconductors/Components/ Electronics (9%), Biotech/Pharmaceutical/Medical Equipment (6%), Greentech (3%) and Computers/Peripherals (3%). Media/Entertainment comprised the remaining two percent. The software sector was particularly strong, capturing three of the top five spots in the ranking and 21 in the top 50.
The full list of ranked companies as well as additional detail on Deloitte's Technology Fast 500 program can be found at www.fast500emea.com.
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Deloitte Technology Fast 500 EMEA CEO Survey 2010
This report is a comprehensive analysis of the business trends and background statistics of the winning companies as well as a summary of the key concerns and expectations of sector CEOs.
The Deloitte Technology Fast 500 EMEA programme is the region's most objective industry-ranking standard to focus on the technology field and is now celebrating its 10th year. The programme recognizes technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East and Africa during the past five years. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies – large, small, public and private – span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, internet, media and entertainment, life sciences and emerging areas, such as clean technology.
The programme is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is run by the Deloitte Touche Tohmatsu Limited's Technology, Media & Telecommunications (TMT) global industry group. Co-sponsors include Taylor Wessing, a leading International law firm with a focus on the industries of tomorrow, and Fidelity Growth Partners Europe, a venture and growth capital investor which backs entrepreneur with aspiration for greatness in the IT and clean technology sectors across Europe. Frequently asked questions and details of the winning companies, including breakdowns by country, industry sector and ranking, will be available on www.deloitte.co.uk/fast500emea.
The Deloitte Touche Tohmatsu Limited (DTTL) Global Technology, Media & Telecommunications (TMT) Industry Group consists of TMT practices organized in the various member firms of DTTL. It includes more than 7,000 partners and professionals from around the world, dedicated to helping their clients evaluate complex issues, develop fresh approaches to problems, and implement practical solutions. There are dedicated TMT member firm practices in 45 countries in the Americas, EMEA, and Asia Pacific. DTTL's member firms serve 92 percent of the TMT companies in the Fortune Global 500. Clients of Deloitte's member firms' TMT practices include some of the world's top software companies, computer manufacturers, semiconductor foundries, wireless operators, cable companies, advertising agencies, and publishers.
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