Turkish technology companies achieved an important success in Deloitte Technology Fast 500 EMEA program, which they attended this year for the first time. 21 companies from Turkey made it into the list, which ranks the fastest growing 500 technology companies in Europe, the Middle East and Africa (EMEA). Participants from Turkey had been determined through the Deloitte Technology Fast 50 Turkey program earlier. In the EMEA 500 list, three fastest growing companies from Turkey, Mobilera, VeriPark and Bizitek took the 15th, 50th, and 51st places, consecutively. Mobilera was also the second fastest growing communication/networking company in the EMEA region.

November 27, 2006, Istanbul; Results of Deloitte Technology Fast 500 EMEA, which ranks the 500 fastest growing technology companies in Europe, the Middle East and Africa (EMEA) was announced at a ceremony in Paris on Monday, November 27. Mobilera, the 15th fastest growing technology company in the EMEA region took the second place in the communication/networking segment. Veripark, 50th in the list, and Bizitek, 51st, were the 14th and 15th fastest growing software companies in the EMEA region, consecutively.

Noting that technology sector is the key to rapid economic growth, Deloitte Turkey Enterprise Risk Services Partner Oktay Aktolun said that the results of Deloitte Technology Fast 500 EMEA had marked a turning point for the Turkish technology companies. Aktolun continued:

“2006 Deloitte Technology Fast 500 EMEA program has proven that the Turkish technology sector is on the right track. In the very first program it participated Turkey has been represented in the list with the highest number of companies, with the exception of Western European countries, this is an encouraging sign for the future. Deloitte Technology Fast programs will open the way for Turkish technology companies to international recognition and partnerships and increase their potential. We believe that the programs will henceforth provide Turkish technology companies with brand recognition in the international arena, putting Turkey on the map in the field of technology. Program will also be an important source of motivation for these firms.”

High-quality employees is the most valuable asset in technology
Deloitte has also published the Deloitte Technology Fast 500 EMEA CEO Survey & Ranking 2006, which provides a comprehensive analysis of the trends in the business as well as background statistics of the winning companies. Also containing the concerns and expectations of the CEOs in the sector, the survey has several important parallels with Deloitte Technology Fast 50 Turkey CEO Survey. 87 percent of the CEOs in the EMEA region are confident that their company will sustain its growth over the next year while this rate climbs to 93 percent in Turkey. 24 percent of the EMEA CEOs and 29 percent of those in Turkey point to high-quality employees as the key to growth. Hiring and retaining qualified employees is the biggest operational challenge for 38 percent of CEOs in Europe while this figure is 26 percent in Turkey.
 
The fastest growing technology companies are from the United Kingdom
With 44 percent of firms in the list, software companies continued their domination, followed by communication/networking companies. The United Kingdom managed to put 91 firms in the first 500 while France followed it with 84, and Germany with 58 firms. With 21 companies in the list, Turkey took the 9th place along with Finland ahead of Russia, Denmark, Poland, Czech Republic, and Hungary.

Top five ranked companies were as follows:

Turkish technology companies in the Deloitte Technology Fast EMEA 500 and their rankings are as follows:

For further information and a report including EMEA Fast 500 Rankings as well as EMEA Fast 500 CEO Survey results visit: www.deloitte.com.tr