Israel On Blog

Fastest growing high-tech firms identified by 2007 Deloitte Technology Fast 500 EMEA ranking Average growth rates highest since Fast 500 began in 2001, Deloitte announced the full list of EMEA’s 500 fastest-growing technology companies during the 2007 Deloitte Technology Fast 500 EMEA awards on November 26. Deloitte also released the 2007 Technology Fast 500 EMEA CEO Survey & Ranking—a comprehensive analysis of the business trends and background statistics of the winning companies and a summary of the key concerns and expectations of sector CEOs.

Key trends observed in this year’s ranking were:

• The United Kingdom has the most ranked companies with 91 of the 500, closely followed by France with 68.
• Israeli firms take first, second and third place.
• Average five-year revenue growth for all companies is 1,443 percent, the highest since the awards began.
• Survey of Fast 500 CEOs reveals that 79.5 percent of this year’s CEOs were extremely or very confident of managing the same growth rates over the coming two years.
• The software sector continues to dominate the ranking, making up 200 of the 500 companies. 
• However, as evidenced by the exceptional performance of Israel, tech-acceleration nations are emerging. Proportional to population numbers, technology firms in Norway, Israel, Sweden, Ireland, Finland and Holland are in a class of their own when it comes to technology acceleration, with high-growth technology firms between 2 and 5 times more common than anywhere else in the region.
• While the Deloitte Technology Fast 500 EMEA shows a consistent increase in average growth rates year on year, this is in stark contrast to that of the North America Fast 500, where average growth rates have been falling since 2001. Fast 500 North America shows average five year revenue growth rates falling from a peek of 6,772 percent in 2002 to 1,823 percent in 2007.

The top five ranked companies and percentage growth:

The winner company Voltaire Ltd  provides grid backbone solutions for networked computing in the next generation data center. The company focuses on improving data center efficiency by enabling grid computing deployments on commodity server and storage offerings. Voltaire’s fully integrated family of switching hardware and network virtualization software delivers the highest performance, intelligent backbone for grid computing architectures. Leveraging the InfiniBand standard, Voltaire solutions offer improved performance, utilization and scalability across compute clusters, storage and IP networks.

Celltick, pioneer of Active Content Marketing, has introduced a new mass reach medium into the mobile space. Its flagship product, LiveScreen Media, allows content providers and advertisers to broadcast targeted content messages to millions of mobile phone idle screens, turning them into a network of interactive personal billboards and creating a strong revenue stream for operators.

Runcom Technologies develops superior technological standards and products that target the emerging Beyond 3G market, enabling the delivery of enhanced communications services to cellular phones and other mobile devices. Runcom is the recognized pioneer of Orthogonal Frequency Division Multiple Access (OFDMA^®) technology, accepted in 2001 by ETSI as the core component of the DVB-RCT standard, a wireless-enabled platform that facilitates content-rich interactivity between TV broadcasters and subscribers over traditional terrestrial infrastructure.

For complete rankings and results from the 2007 CEO Survey, download the PDF file attachment below or read the press release.

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