Central Europe Technology Fast 50 Survey, October 2012
UAB Idamas is the fastest growing technology companies in Lithuania
Deloitte announces the 13th annual ranking of Central Europe’s fifty fastest-growing technology companies
Deloitte announces the results of the 13th Deloitte Technology Fast 50 programme in Central Europe.
The fifteen fast-growing companies include one Lithuanian company this year. UAB Idamas is ranked 31st in the survey. UAB Idamas offers various IT solutions and consultations for the public and private sector institutions JSC “Idamas” is one of the biggest “One-stop shop” project founders in Lithuania.
UAB Synergium and UAB Arginta, that were ranked in 2011, has dropped out of the list of fast-growing companies this year as their growth has not been significant enough.
Romanian Internet airline ticket retailer Vola.ro has placed first in Deloitte’s 2012 Central Europe Technology Fast 50 for the second year in a row with a revenue growth rate of 17323% over the past five years.
Other fast-growing companies include internet sports company LiveSport s.r.o. from the Czech Republic, growing at a rate of 2,441% over the last five years – the second-fastest growing company this year and also the second year in a row they have been second-fastest, after first appearing as a Rising Star in 2009. A similar story is to be seen at Polish software firm i3D S.A., who jumped from the Rising Stars list in 2011 to the third spot on the 2012 Fast 50 with a five-year growth rate of 2254%.
This year’s Rising Stars are topped by Polish software company Netwise S.A. with a three-year revenue growth rate of 643%. In the Big 5 category, Internet Shop s.r.o., the Czech Internet perfume retailer and 2011’s third-fastest growing company, was the fastest-growing company with 2011 revenues of over €25 million, and managed to remain in the Fast 50 main category in the seventh position.
This year’s ranking consists of companies from eight countries: the Czech Republic, Estonia, Hungary, Lithuania, Poland, Romania, Serbia and the Slovak Republic. Twenty three (23) companies made the ranking for the first time in 2011.
On average, Fast 50 ranked companies grew at a rate of 1,026% in 2012, a slight decrease on the 1,068% average growth rate from last year’s competition.
In terms of sectors, Software (27 companies) and Internet (17 companies) dominated the ranking, followed by Telecommunications/Networking (3 companies) and three companies in other sectors. Similar to 2011, 6 of the 10 fastest-growing companies belonged to the Internet sector and 4 to the Software sector.
Poland had the best representation with 27 companies in the ranking, followed by Hungary (8 companies), Romania (6 companies), and the Czech Republic (5 companies).
“The companies on this year’s ranking all exhibit the qualities that the Fast 50 has come to embody: embracing change and flexibility; delivering innovative solutions and products; and leading the way in Central European innovation.,” comments Marek Metrycki, Technology Fast 50 programme leader for Deloitte Central Europe.
More information at www.deloitte.com/fast50ce.