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Deloitte announces 2012 Technology Fast 500TM EMEA rankings

Five-year revenue growth rate for top companies increases 83 percent with software sector representing 40 percent of the rankings.

Moscow, 03 December 2012 — French firm Criteo secured the top spot in Deloitte Touche Tohmatsu Limited (DTTL) Global Technology, Media & Telecommunications (TMT) industry group’s 2012 Technology Fast 500TM EMEA (Europe, Middle East and Africa) rankings. The firm, which specializes in online performance display advertisements, secured the top spot with an impressive five-year growth rate of more than 200,000 percent. For the third consecutive year French companies dominated the program ranking, producing 90 winning companies, followed by the United Kingdom with 74 companies and Sweden with 55 companies qualifying for the list.

“Criteo’s outstanding growth over this five-year period is attributed to our continuous investment in our business and our people,” said Jean-Baptiste Rudelle, CEO of Criteo. “This investment reflects our long standing focus on delivering innovative solutions in a dynamic market and better anticipating our clients’ varying needs, particularly now given the challenging economic environment.”

David Halstead, Deloitte United Kingdom and partner in charge of the Deloitte Technology Fast 500 EMEA program commented, “Being one of the 500 fastest growing technology companies in EMEA is an impressive accomplishment. We commend Criteo for making the Deloitte Technology Fast 500 EMEA with a phenomenal 202,100 growth rate over five years.”

Now in its 12th year, the annual Deloitte Technology Fast 500 TM program ranks the fastest growing public and private technology, media, telecommunications, life sciences, and clean technology companies from 24 countries in the EMEA region, based on percentage revenue growth over a five-year period. This year the program received more than 1,100 submissions.

Top 10 ranked companies

France had a significant presence in this year’s top ten ranking, securing three winners, followed by Turkey with two companies placing in the top ten.

№	Company	Sector	Five-year revenue growth	Country
1	Criteo www.criteo.com	Internet	202,100%	France
2	ZDB www.zbdsolutions.com	Semiconductor, Components and Electronics	17,910%	United Kingdom
3	Vola.ro Student Adventure SRL www.vola.ro	Internet	17,323%	Romania
4	Belsimpel.nl www.belsimpel.nl	Telecommunications/Networking	16,155%	The Netherlands
5	Элкотек www.elkotek.com.tr	Telecommunications/Networking	13,880%	Turkey
6	Tektronik www.tektronik.com.tr	Software	11,368%	Turkey
7	Deezer www.deezer.com	Internet	10,455%	France
8	Exoclick, S.L. http://www.exoclick.com	Internet	9,571%	Spain
9	Midsummer AB www.midsummer.se	Greentech	8,109%	Sweden
10	Sewan Communications www.sewan.fr	Telecommunications/Networking	7,833%	France

Average growth rates rise

The average five-year revenue growth rate for the top five companies this year was 53,474 percent and the overall average revenue growth was 1,549 percent. This was a substantial increase compared to the 2011 growth figures of 20,401 percent for the top five and 1,287 percent for the full ranking.

Geographic trends

France remains the most represented country for a third consecutive year, followed by the United Kingdom.

№	Country	# of 2012 winning submissions	# of 2011 winning submissions
1	France	90	93
2	United Kingdom	74	86
3	Sweden	55	54
4	Norway	52	48
5	Netherlands	46	53
6	Turkey	29	27
7	Finland	27	23
8	Germany	24	23
9	Poland	21	15
10	Ireland	20	17

Sector trends

The software sector represented 40 percent of the overall rankings with 198 companies listed on this year’s Fast 500, followed by the Internet sector with 21 percent. Rounding out the sector list is Telecommunications/Networking (17 percent), Semiconductors/Components/Electronics (8 percent), Biotech/Pharmaceutical/Medical Equipment (6 percent), Greentech (3 percent), Media/Entertainment (3 percent), and Computers/Peripherals (1 percent).

Additionally, four of the companies in the top 10 were from the Internet sector and overall the Telecommunications/Networking sector increased its representation by five, with 85 companies placing in the 2012 rankings.

The sector winners are:

№	Country	Company	Five-year revenue growth	Sector
1	France	Criteo	202,100%	Internet
2	United Kingdom	ZBD	17,910%	Semiconductors/Components/ Electronics
4	The Netherlands	Belsimpel.nl	16,155%	Telecommunications/Networking
6	Turkey	Tektronik	11,368%	Software
9	Sweden	Midsummer AB	8,109%	Greentech
28	France	GRAFTYS	3,400%	Biotech/Pharmaceutical/Medical Equipment
36	United Kingdom	Omnifone	2,857%	Media/Entertainment
41	United Kingdom	Fixnetix	2,636%	Computers/Peripherals

CIS companies included in the rankings

№	Company	Sector	Five-year revenue growth
136	ER-Telecom	Telecommunications/networking	1,021%
239	Service Plus	Software	608%
462	STEC.COM	Telecommunications/networking	308%

“Three Russian companies – ER-Telecom, Service Plus and STEC.COM – have made it into the 2012 Technology Fast 500 EMEA rankings, compiled by the Technology, Media & Telecommunications (TMT) industry group of Deloitte Touche Tohmatsu Limited (DTTL). This is a major accomplishment for these companies, evidencing their impressive rates of revenue growth over the last 5 years. It is further testament to the fact that Russian companies can provide strong competition in the global technology market.” said Olga Tabakova, TMT leader for Deloitte CIS.

The full list of ranked companies as well as additional details on Deloitte’s Technology Fast 500 program can be accessed at http://www.deloitte.co.uk/fast500emea/.

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/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 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte's approximately 182,000 professionals are committed to becoming the standard of excellence.