More than encouraging news as five companies from Croatia rank excellently in the EMEA region’s list of the 500 fastest growing technology companies.
As Poslovni Dnevnik writes on the 24th of September, 2019, Deloitte Global has announced the list of the 500 fastest growing technology companies in 2018 for the EMEA region. In the period between 2014-2017, the average revenue growth rate was an impressive 969 percent. The overall winner is the Swedish company Strossle International AB with an incredible growth rate of 19,900 percent.
Sweden’s Strossle International AB is at the forefront of Deloitte’s ranking of the 500 fastest growing technology companies in the EMEA region, covering Europe, the Middle East and Africa. For the eighteenth year, Deloitte’s Technology Fast 500 ™ EMEA scale has been created by Deloitte’s Global Technology, Media and Telecommunications Division.
Overall, this year’s list of the 500 fastest growing technology companies in the EMEA region found winners from across eighteen countries, with an average revenue growth rate of 969 percent, down from 1,377 percent recorded in 2017. The revenue growth rate of the companies in the rankings ranged from 131 to 19.117 percent.
“This year, Croatia has five companies ranked in the EMEA’s 500 fastest growing technology companies, and continues to be the leader in the number of companies in our regional environment,” said Zlatko Bazianec.
“The 2018 scale has shown that each industry has a platform for further innovation and transformation, hugely influencing the way we communicate and operate. We’d like to congratulate our [Croatia’s] companies and wish them continued progress in the coming years,” he stated.
Strossle International AB, from Sweden, is a media technology company that helps publishers and advertisers attract engaged users to their content. Turkey’s EMFA Yazılım, with 19.381 percent growth, leads the top five.
Central Europe and Croatia:
From Central Europe this year, 51 companies ranked on the list of 500 fastest growing companies, which is a decrease from 62 last year. Most of them are from Poland, with 17 companies, followed by Lithuania and the Czech Republic with 7 companies, Croatia with 5 companies, Slovakia with 4 companies, Romania with 3 companies, Bulgaria and Latvia with 2 companies respectively, and Hungary, Bosnia and Herzegovina, Estonia and Serbia with 1 company each.
As stated, there are five impressive companies on this list from Croatia this year, marking one less than there was last year. In addition to the companies that were listed last year: Rimac Automobili and Infinum, this year also saw Croatia’s Q Software, Microblink and SeekandHit / Uber placed in the list of the 500 fastest growing companies in the EMEA region.
Q Software, with its ranking of 20th place and 3.894 percent growth, achieved the best placement, and it is interesting that Infinum has made it to the EMEA 500 list five times since 2013.
“After being ranked #3 on Deloitte’s Central Europe list, we’re pleased to see that we’re 20th on the list covering all of Europe, the Middle East and Africa! We have a super team and this is another confirmation of a job well done, both for us and for our clients,” said Filip Ljubić, CEO and one of the founders of the Croatian company Q Software.
The ranking of Croatian companies in the order of company name, industry, and then revenue growth (2014 – 2017):
20. Q Software, a software company, with revenue growth of 3894 percent
140. Microblink, a software company, with revenue growth of 702 percent
272. Rimac Automobili, a hardware company, with revenue growth of 361 percent
297. Infinum, a software company, with revenue growth of 315 percent
464. SeekandHit/ Uber d.o.o, a media & entertainment company, with revenue growth of 153 percent