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09/12/2003
Top European high-tech firms recognised in Fast 500 rankings
The complete list of Europe's 500 fastest-growing technology companies was announced last night at the 2003 Deloitte European Technology Fast 500 award ceremony for chief executives held in the Natural History Museum, London.
The number one ranked company, with an average five-year revenue growth of 56,769%, was all-round Internet service provider Tiscali, headquartered in Cagliari, Italy.
Igal Brightman, Global Leader of Deloitte's TMT Group, said: "A combination of business acumen and ambition have made all of these businesses stand out from the crowd.
"All of the Deloitte Fast 500 are winners in different ways, but they have continued to invest in brand recognition and talent and keep customers coming aboard. Their brave efforts will help to reshape the marketplace and lead others to the many opportunities in Europe's fast-growing technology sector."
The Top Ten Fast 500 ranked companies were:
The regions with the fastest growing companies are France with 171, the UK with 89, and Norway with 48 ranked companies.
Deloitte's Partner in charge of the European Technology Fast 500 programme, Karel Bakkes, said: "While there is no doubt that these rankings are the result of exceptional sustained efforts, there are some indicators here that the European high-tech sector is regaining stability.
"It is encouraging to see significantly increased rates of revenue growth despite the current climate, and nominations for this year's ranking also reached an all-time high."
Deloitte also released the 2003 Technology Fast 500 Europe Report - 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.
The programme covers public and private technology companies from 21 European countries, and is the most objective industry-ranking standard to focus on the technology sector.
The Awards are researched and sponsored by the Deloitte Technology, Media & Telecommunications (TMT) Industry Group.
(SP)
The number one ranked company, with an average five-year revenue growth of 56,769%, was all-round Internet service provider Tiscali, headquartered in Cagliari, Italy.
Igal Brightman, Global Leader of Deloitte's TMT Group, said: "A combination of business acumen and ambition have made all of these businesses stand out from the crowd.
"All of the Deloitte Fast 500 are winners in different ways, but they have continued to invest in brand recognition and talent and keep customers coming aboard. Their brave efforts will help to reshape the marketplace and lead others to the many opportunities in Europe's fast-growing technology sector."
The Top Ten Fast 500 ranked companies were:
- Tiscali (Internet), Italy
- Fast Search & Transfer (Software), Norway
- Netsize (Software), France
- Nordnet (Internet), Sweden
- Anoto Group (Computers/peripherals), Sweden
- Host Europe (Internet), UK
- Glocalnet (Comms/Networking), Sweden
- Schema (Software), Israel
- Finmatica (Software), Italy
- OHB Technology (Comms/Networking), Germany
The regions with the fastest growing companies are France with 171, the UK with 89, and Norway with 48 ranked companies.
Deloitte's Partner in charge of the European Technology Fast 500 programme, Karel Bakkes, said: "While there is no doubt that these rankings are the result of exceptional sustained efforts, there are some indicators here that the European high-tech sector is regaining stability.
"It is encouraging to see significantly increased rates of revenue growth despite the current climate, and nominations for this year's ranking also reached an all-time high."
Deloitte also released the 2003 Technology Fast 500 Europe Report - 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.
The programme covers public and private technology companies from 21 European countries, and is the most objective industry-ranking standard to focus on the technology sector.
The Awards are researched and sponsored by the Deloitte Technology, Media & Telecommunications (TMT) Industry Group.
(SP)
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