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:
  1. Tiscali (Internet), Italy
  2. Fast Search & Transfer (Software), Norway
  3. Netsize (Software), France
  4. Nordnet (Internet), Sweden
  5. Anoto Group (Computers/peripherals), Sweden
  6. Host Europe (Internet), UK
  7. Glocalnet (Comms/Networking), Sweden
  8. Schema (Software), Israel
  9. Finmatica (Software), Italy
  10. OHB Technology (Comms/Networking), Germany
The European technology Fast 500 company statistics revealed that the software sector increased dominance in the ranking from 36% in 2002 to 42.6% in 2003.

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.


Related Northern Ireland Business News Stories
Click here for the latest headlines.

12 December 2003
Nitec Solutions win European recognition for growth
Following hard on the heels of their third Deloitte Fast 50 list success, Nitec Solutions have become one of just three Northern Irish companies to be honoured with a place in the 2003 European Fast 500, announced at a Gala dinner in the London Natural History Museum.
16 October 2009
Mobile Success For SLA
Rapid overseas expansion and a string of international deals with some of the world's biggest mobile brands have helped power SLA Mobile to third place in Ireland's high-tech company leader board.
23 August 2002
Conference highlights £1.27bn SME sector funding
A major European conference next month aims to help small firms to access the £1.27 billion of cash aid available to SMEs throughout the UK.
06 March 2002
NI ebusiness provider joins top three in Fast 50 Award
Good news for Northern Ireland businesses was the placing of local firm BizNet Solutions in third position in the Deloitte & Touche Technology Fast 50 Award rankings. Biznet Solutions, an internet solutions provider, develops websites and ebusiness solutions, had an aggregate revenue growth of 923 per cent.
22 October 2013
Minister Launches A Nationwide Network Of Technology Gateways
A nationwide network of Technology Gateways, capable of delivering technology-based solutions for companies in Ireland was launched by Seán Sherlock T.D. Minister for Research & Innovation in Thomond Park, Limerick.