Technology Fast 50 was created as early as 1995 by Deloitte in San José, in the heart of Silicon Valley, California. Since then, the award has continued to spread and today serves as a prestigious recognition of the success of technology companies. In Europe, Asia, and Australia, Fast 50 rankings are carried out in more than 20 countries/regions. Larger countries such as the United States host several regional Fast 50 programs.

In Sweden, the ranking has been conducted since 2003. The list includes both public and private companies and covers all types of technology—from internet and data equipment to Life Sciences. The ranking is based on companies’ average revenue growth over a four-year period. We do not measure companies’ current financial position or profitability.

Sweden Technology Fast 50 is an initiative within Deloitte Private, which supports private companies of all sizes, including local entrepreneurs, small and medium-sized enterprises, startups, family businesses, large private companies, private equity firms including portfolio companies, as well as individuals. Our specialists within Deloitte Private understand the unique needs and challenges faced by private companies and can therefore offer tailored, end-to-end solutions.

Deloitte’s Sweden Technology Fast 50 ranking is based on the increase in net revenue over the past four years and includes both public and private companies operating in the technology sector. The ranking is based on a selection of technology-related SNI codes. The increase in net revenue is calculated according to available annual reports filed with the Swedish Companies Registration Office (Bolagsverket) as of July 31.

In addition to our own review of the Swedish market, we also accept directly nominated candidates.

Criteria
Companies selected are technology companies that meet the following criteria:

• Have been in operation for the past four years and are Swedish. Subsidiaries or divisions are not eligible.
• Develop proprietary technology that constitutes a significant share of the company’s net revenue.
• Manufacture technology-related products.
• Dedicate a large share of their resources to research and development of technology.
• Net revenue must exceed EUR 50,000 in the base year and EUR 1,000,000 in the final year.

The ranked companies are divided into the following market segments:

• Hardware
• Software
• Communications
• Media
• Life Sciences
• Clean Technology

Nomination to EMEA Fast 500
All Swedish Fast 50 companies are automatically nominated to the EMEA Fast 500, the corresponding ranking of the 500 fastest-growing technology companies in Europe, the Middle East, and Africa.

What is Sweden Technology Fast 50?
Sweden Technology Fast 50 is a ranking of Sweden’s 50 fastest-growing technology companies, based on revenue growth over the past four years. The ranking includes both public and private companies and covers all types of technology—from software and hardware to life sciences, communications, and clean technology.

What is Technology Fast 500 EMEA?
Deloitte Technology Fast 500 EMEA is a ranking of the fastest-growing technology companies in Europe, the Middle East, and Africa (EMEA) over the past four years. Fast 500 complements Sweden Technology Fast 50, and all companies on the Swedish list are nominated for the EMEA ranking.

Can I nominate a company for Technology Fast 50?
Yes, a company can nominate itself or be nominated by a third party. Nominations open after the current year’s ranking has been announced.

Does it cost anything to nominate a company for Technology Fast 50?
It is completely free to nominate your own or another company.

What information is the Technology Fast 50 ranking based on?
The ranking is based on a selection of technology-related SNI codes. Revenue growth is calculated over the past four years according to available annual reports filed with the Swedish Companies Registration Office (Bolagsverket) as of July 31, as well as companies submitted through nomination. We do not measure companies’ current financial position or profitability.

How long has Technology Fast 50 existed?
Technology Fast 50 was founded in 1995 in the United States, and in Sweden we have ranked the fastest-growing technology companies since 2004.

Where do the nominated companies come from?
We compile the list from two sources: directly nominated candidates via the application form and our own review of the Swedish market.

How are the winners determined?
Fast 50 is based on the percentage increase in net revenue over the past four years.