Deloitte announces 2009 technology fast 500TM EMEA rankings

Deloitte announces 2009 technology fast 500TM EMEA rankings

BIOTEKNO Ranked No.1 with 42,417 Percent Growth;
Average Growth Rates Higher Despite Economic Factors

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 €37.4 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 €50,000 and current year operating revenues of at least €800,000.

The top 10 ranked companies are as follows:

2009 Fast 500 Russian companies:

“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.

The sector winners are as follows:

Software comprised the largest sector overall on the list with 175 companies, followed by Internet (92), Other (85), Telecommunications / Networking (75), Biotech / Pharmaceutical / Medical Equipment (26), Semiconductors, Components & Electronics (17), Media / Entertainment (12) and finally, Computers / Peripherals and Greentech, each with (9).

The top ten saw a mix of nearly all sectors represented. Internet companies made the strongest showing, capturing three of the top 10 spots.

The full list of ranked companies as well as additional detail on Deloitte’s Technology Fast 500TM program can be found at www.fast500emea.com or by contacting Tatiana Chekulaeva, Technology, Media & Telecommunications Industry Development Coordinator by phone on +7 (495) 787 0600, ext. 1877, or by e-mail at mtchekulaeva@deloitte.ru.

About The Deloitte Technology Fast 500 EMEA

The Deloitte Technology Fast 500 EMEA programme is the region’s most objective industry-ranking standard to focus on the technology field. It was created in 2000 to recognize the effort and dedication of the 500 fastest-growing technology companies in EMEA and includes all areas of technology, from Internet to biotechnology, from medical and scientific to computers/hardware. It includes both public and private companies. The awards, which have been running in EMEA for seven years, are based on five-year average percentage revenue growth. Frequently asked questions are answered on www.fast500emea.com. Details of the winning companies including breakdowns by country, industry sector and ranking will be available at www.fast500emea.com after the event, or please contact us (see below) if you need information in advance. This year the program has been supported by UK Trade & Investment.

About UK Trade & Investment

UK Trade & Investment is the Government organization that helps UK-based companies succeed in an increasingly global economy. Its range of expert services are tailored to the needs of individual businesses to maximize their international success. We provide companies with knowledge, advice and practical support.

UK Trade & Investment also helps overseas companies bring high quality investment to the UK’s vibrant economy – acknowledged as Europe’s best place from which to succeed in global business. We provide support and advice to investors at all stages of their business decision-making.

UK Trade & Investment offers expertise and contacts through a network of international specialists throughout the UK, and in British Embassies and other diplomatic offices around the world.
For further information please visit www.uktradeinvest.gov.uk or telephone +44 (0)20 7215 8000.

Deloitte in CIS

As one of the first global leading professional service firms to start serving CIS clients, Deloitte opened its first office in Moscow in 1990. Since then, the Firm has grown to include offices in St. Petersburg, Kyiv, Minsk, Tbilisi, Yuzhno-Sakhalinsk, Baku, Almaty, Astana, Atyrau, Aktau, Bishkek, Tashkent and Dushanbe.
Today, Deloitte CIS has around 3000 people specializing in various sectors of the economy, including energy and resources, finance, telecommunications and consumer business. The extensive experience and professionalism of the Deloitte team perfectly positions us to bring value to all aspects of our clients’ businesses, ranging from strategy development to preparation for initial public offerings (IPO).

We have been helping our clients achieve success for over 18 years. Over this time, we have completed a variety of projects, adapting international practices to the Russian business environment, and accumulating valuable experience in serving local clients. Our understanding of the specific nature of the CIS market, combined with the successful experience of a leading global firm, allows us to use our unique knowledge and methodologies to exceed our clients’ expectations. Having local and international professionals working together allows us to take into account the unique local environment, while providing quality services that meet the highest international standards.

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