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Kentico software is Czech Republic's fastest growing technology company

Prague, 19 October 2010 – With revenue growth of 1,781%, Kentico software became the fastest growing technology company in the Czech Republic and placed fourth in the latest Technology Fast 50 ranking in Central Europe, the annual survey prepared by Deloitte.

"An improvement in the average growth rate from last year could indicate that our region's technology companies have taken the right steps to weather the impact of the recession."

Dariusz Nachyla,
Managing Partner for the Technology, Media and Telecommunications industry group in Deloitte Central Europe.

The ranking is based on the percentage of revenue growth over the five-year period of 2005 to 2009 and includes companies from the Czech Republic, Slovakia, Hungary, Poland, Romania, Bulgaria, Croatia, Serbia, Lithuania, and Estonia.

"We greatly appreciate Deloitte's award as it confirms that our long-term effort to deliver high-quality solutions for web page development has visible results. Our growth is equally attributable to our employees' flawless work, our customers' loyalty, and a lot of good luck, which all companies need," said Petr Palas, the Director of Kentico software.

As in the previous year, the Polish Internet operator Netmedia is the fastest growing company in Central and South East Europe, with revenue growth of 15,005% over the five-year period. This year, the average revenue growth of Technology Fast 50 companies grew from 933% to 967% and there were 16 new companies in the ranking.

"An improvement in the average growth rate from last year could indicate that our region's technology companies have taken the right steps to weather the impact of the recession. Sound leadership and a clear executive vision will be important in this critical post-crisis period as the sector emerges from the worst," pointed out Dariusz Nachyla, Managing Partner for the Technology, Media and Telecommunications industry group in Deloitte Central Europe.

KIT Digital, the second fastest growing Czech firm, achieved revenue growth of 616% and closes out the top twenty firms. In aggregate, the Technology Fast 50 ranking comprises eight Czech companies, which, in addition to KIT Digital and Kentico software, include INSIA, Logio, DATASYS, Trask solutions, FOR INTERNET, and StringData.

Czech Internet firms achieved very good results in the accompanying Rising Stars ranking, which includes companies that have been in operation for less than five years. First place in the Rising Stars ranking was taken by LiveSport, while second place went to Internet Shop.

Commenting on the results, Martin Hájek, the Statutory Executive of LiveSport, said, "Our place in the competition shows that fast growth can be achieved while maintaining a high level of productivity. Our well-coordinated team of only 15 people continues to render services to the now 10 million users of our web pages. Even small firms can be large players if they sufficiently use the combination of human potential and modern technologies".

The Czech software company e-invent was fifth among the top Rising Stars. In another accompanying ranking of large technology companies, KIT Digital took second place.

Companies that want to qualify for the Fast 50 ranking must meet several criteria, such as annual revenues of at least EUR 50,000 each year in the five-year period, headquarters in a Central European country, involvement in the development or production of their own technologies, or substantial investment in research and development. The firms in the Technology Fast 50 Central Europe ranking are automatically included in the super-regional Deloitte Technology Fast 500 EMEA competition, which includes Europe, the Middle East, and Africa.

Details on the ranking criteria and additional information on the project are both available at www.deloitte.com/fast50ce.

2010 Deloitte CE Technology Fast 50:

Rank Company Country Sector Website Growth
1

Netmedia S.A.

Poland

Internet

www.netmedia.com.pl

15,005%

2

TeamNet International S.A.

Romania

Software

www.teamnet.ro

3,120%

3

Kompan.pl Sp. z o.o.

Poland

Internet

www.kompan.pl

2,107%

4

Kentico software s.r.o.

Czech Republic

Software

www.kentico.com

1,781%

5

nvestor.BG AD

Bulgaria

Internet

www.ibg.bg

1,633%

6

Sunrise System Sp. z o.o.

Poland

Internet

www.sunrisesystem.pl

1,362%

7

CROZ d.o.o.

Croatia

Software

www.croz.net

1,329%

8

Azet.sk, s.r.o.

Slovak Republic

Internet

www.azet.sk

1,126%

9

Viala Kft.

Hungary

Internet

www.viala.hu

1,071%

10

JADE Sp. z o.o.

Poland

Software

www.jade.pl

1,027%

11

RacioNet Zrt.

Hungary

Computers/ Peripherals

www.racionet.hu

945%

12

Active Vision Kft.

Hungary

Internet

www.active.hu

862%

13

Arobs Transilvania Software SRL

Romania

Software

www.arobs.com

831%

14

Javatech Sp. z o.o.

Poland

Software

www.javatech.com.pl

780%

15

SARE

Poland

Internet

www.sare.pl

753%

16

AITIA International Inc.

Hungary

Software

www.aitia.ai

650%

17

Telerik Corp.

Bulgaria

Software

www.telerik.com

646%

18

Crys Computers SRL

Romania

Software

www.incrys.ro

635%

19

Fortech SRL

Romania

Software

www.fortech.ro

629%

20

KIT Digital

Czech Republic

Software

www.kitd.com

616%

21

BTC Sp. z o.o.

Poland

Software

www.btc.com.pl

587%

22

NET Média Zrt.

Hungary

Internet

www.portfolio.hu

556%

23

EXECOM d.o.o.

Serbia

Software

www.execom.eu

541%

23

LASTING Software SRL

Romania

Software

www.lastingsoftware.com

541%

25

ESET, spol. s r.o.

Slovak Republic

Software

www.eset.com

530%

26

The Red Point SA

Romania

Software

www.trp.ro

510%

27

INSIA a.s.

Czech Republic

Internet

www.insia.com

509%

28

Logio s.r.o.

Czech Republic

Software

www.logio.cz

494%

29

eo Networks Sp. z.o.o.

Poland

Software

www.eo.pl

465%

30

DATASYS, s.r.o.

Czech Republic

Software

www.datasys.cz

458%

31

Trask solutions s.r.o.

Czech Republic

Software

www.trask.cz

451%

31

Arkon Zrt / ingatlan.com

Hungary

Internet

www.ingatlan.com

451%

33

Infomatix Ltd.

Hungary

Software

www.infomatix.hu

435%

34

MadNet d.o.o.

Serbia

Telecommunications/ Networking

www.madnet.rs

410%

35

FOR INTERNET s.r.o.

Czech Republic

Internet

www.4internet.cz

377%

36

Carnation Zrt.

Hungary

Internet

www.carnationgroup.com

330%

37

Webmedia Group

Estonia

Software

www.webmedia.eu

326%

38

anixe Polska Sp. z o.o.

Poland

Internet

www.anixe.pl

318%

39

E-card Ltd.

Bulgaria

Internet

www.e-card.bg

317%

40

Grupa Pracuj

Poland

Internet

www.pracuj.pl

316%

41

Advantage Software Factory SRL

Romania

Software

www.asf.ro

301%

42

InterConsult Bulgaria

Bulgaria

Software

www.icb.bg

293%

43

BalaBit IT Kft

Hungary

Software

www.balabit.hu

288%

44

StringData, s.r.o.

Czech Republic

Software

www.stringdata.cz

271%

45

UAB "Baltnetos komunikacijos"

Lithuania

Internet

www.balt.net

246%

46

Codebase Kft.

Hungary

Software

www.codebase.hu

242%

47

M2 NET S.A.

Poland

Software

www.m2net.pl

232%

48

UAB "ARGINTA"

Lithuania

Computers/ Peripherals

www.arginta.lt

231%

49

NovaTel d.o.o.

Serbia

Telecommunications/ Networking

www.novatel.rs

221%

50

2 Ring, spol. s r.o.

Slovak Republic

Software

www.2ring.com

219%

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/cz/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 140 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's approximately 169,000 professionals are committed to becoming the standard of excellence.

© 2010 Deloitte Czech Republic.

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Lukáš Kropík
Company:
Deloitte Czech Republic
Job Title:
PR Manager
Phone:
+420 775 013 139
Email
lkropik@deloittece.com

 

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