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Deloitte Technology Fast 50 Central Europe 2019 Technology Fast 50 50 2019 CENTRAL EUROPE Deloitte Technology Fast 50 Central Europe 2019 Powerful Connections www.deloitte.com/cefast50 Deloitte Technology Fast 50 Central Europe 2019 | Powerful Connections Welcome to the Deloitte Technology Fast 50 Central Europe 2019 The Deloitte Technology Fast 50 in Central Europe is a programme that recognises and profiles fast growing technology companies in the region. The programme, which is now in its 20th year, ranks the 50 fastest growing public or private technology companies. The Technology Fast 50 award winners for 2019 are determined Technology companies are invited to self-nominate for based on the revenue growth over four years (2015 to 2018). the programme via our website. Financial data of the companies Companies must have base-year operating revenues of €50,000 are provided by the entrants themselves and is gathered via our in 2015, 2016, 2017 and a current year operating revenue (2018) online survey tool. This information is then cross-checked using of at least €100,000. Exchange rates are based on the annual each company’s financial statements which have been verified by average given by the central bank of the company’s respective their accountants or a registered auditor. national currency. The Deloitte Technology Fast 50 in Central Europe is part of Companies active in the following industry sectors are eligible: Deloitte’s global Fast 500 programme. For further information regarding the Deloitte Technology Fast 50 in Central Europe, Communications; please visit our website: www.deloitte.com/cefast50. Environmental Technology; Fintech; Hardware; Healthcare and Life sciences; Media and Entertainment; Software. 2 Deloitte Technology Fast 50 Central Europe 2019 | Powerful Connections Contents Thoughts from the Programme Leader 4 Insights from the Clients & Industries Leader 5 2019 Technology Fast 50 ranking 6 Big 5 awards 33 Rising Star awards 37 Most Disruptive Innovation award 48 Social Impact award 50 Fast 50 ranking list 53 Contacts 56 3 Deloitte Technology Fast 50 Central Europe 2019 | Powerful Connections Thoughts from the Programme Leader Every year, one of the most exciting aspects of running Development Goals (SDGs), I’m delighted to announce the Deloitte Technology Fast 50 in Central Europe is Warsaw Genomics as this year’s winner. Also one of This year, it has been the privileged insight it provides into the brilliant, fast- the Rising Stars – those fast-growing young businesses growing young companies that are set to be the household that have not yet attained the size necessary for particularly pleasing names of the future. inclusion in the main Fast 50 ranking – this genetic testing company’s technology makes it financially viable to see that almost three- This year, it has been particularly pleasing to see that to screen entire populations for cancer risk. I’d also like almost three-quarters (74%) of the companies in to congratulate Czech company ERC-TECH, which receives quarters of the companies the ranking are in it for the first time, once again an honourable mention for its revolutionary concrete- emphasising the enormous speed at which the businesses recycling solutions. in the ranking are in it with the best ideas and most powerful breakthrough solutions can evolve. This is also the fourth year of our special ‘Most Disruptive for the first time, once Innovation’ (MDI) award for the company with the greatest It is also interesting to consider where the companies come potential to revolutionise its markets, industries and again emphasising from, in terms of industry and geography. With 31 software business sectors. This year’s winner, Rimac Automobili entries, representing 62% of the ranking, a majority of from Croatia, has not only created the world’s first true the enormous speed at the region’s most dynamic young minds clearly believe that electric supercar. It is also established as an electrification the world is set to continue running on software. And with partner for manufacturers like Porsche, Aston Martin, which the businesses with 19 entries from the Czech Republic and 11 from Poland, at Hyundai, Renault and Koenigsegg. ‘Disruptive’ defines least two regional powerhouses are on the rise. what it does. the best ideas and most But there should be no concerns about Central Europe Not everyone can head the ranking or win the awards. But, powerful breakthrough becoming an imbalanced region. The top 10 in the Fast 50 as ever, every company featuring in the Fast 50 is a winner. includes companies from Slovakia (two of them), Croatia, Our heartfelt congratulations go to everybody involved. solutions can evolve. Hungary and Estonia. The outright winner – Voltas IT – comes from Lithuania, delivering a year-on-year growth rate of 5,734%. Agnieszka Zielińska Following the launch last year of the Social Impact Award, Partner, Financial Advisory Services marking out those companies that have done most to help Fast 50 Programme Leader achieve at least one of the United Nations’ Sustainable Deloitte Central Europe 4 Deloitte Technology Fast 50 Central Europe 2019 | Powerful Connections Insights from the Clients & Industries Leader Every year, I ask myself what it must take to be one I would also like to congratulate Warsaw Genomics of the exceptional businesses ranked in the Deloitte and Rimac Automobilii, the winners of this year’s Every year, I ask myself what it Technology Fast 50 for Central Europe. Social Impact and Most Disruptive Innovation awards. must take to be one of They, and so many of the runners up in both schemes Energy and commitment, certainly. Great leadership, and the companies in the Fast 50 ranking, are doing the exceptional businesses with the ability to inspire others. Vision. Technical an enormous amount to shape the way we will all be understanding. An eye for a market opportunity. living in the future. ranked in the Deloitte Entrepreneurial flair and a talent for sales. And a capacity for team building, with a positive culture and Every year I think that we have seen the peak of Technology Fast 50 for ambition to succeed. innovation and imagination, and that next year’s Fast 50 will fail to live up to expectations. Every year I am wrong. Central Europe. Energy and If those qualities are what every entrant has, what Every year, the Fast 50 continues to deliver a bubbling commitment, certainly. Great about those companies that head the ranking and win cauldron of creativity and breakthrough ideas. 2019 the awards? Companies like Lithuania’s Voltas IT, has certainly done so, and I hope you find something leadership, with the ability the ‘fastest’ of the Fast 50 with its professional-standard to inspire you in this report. automotive diagnostics solutions that every driver can to inspire others. Vision. use. Or FF Trader, the Czech Fintech business that wins this year’s Rising Stars category thanks to its unique Technical understanding. educational platform for financial traders. Gavin Flook Partner, Clients & Industries Leader An eye for a market Then there is the extraordinary Prusa Research, which Deloitte Central Europe wins this year’s Big 5 Award for those companies too opportunity. Entrepreneurial mature to maintain the growth rates needed to make flair and a talent for sales. And the Fast 50 itself. That said, the company has bucked this particular trend. Not only is it second in the overall a capacity for team building, Fast 50 ranking, it also features in the top three for the third year in a row. with a positive culture and ambition to succeed. 5 2019 Technology Fast 50 ranking Criteria for 2019 Technology Fast 50 Companies must meet a number of criteria to be considered eligible for the main CE Fast 50 ranking: • Have base-year operating revenues of at least €50,000 in 2015, 2016, 2017 and a current year operating revenue (2018) of at least €100,000. • Own proprietary intellectual property or proprietary technology, sold to customers in products that contribute to a majority of the company’s operating revenues. • Have an ownership structure that excludes majority-owned subsidiaries of strategic entities. • Headquarters in a Central European country (Albania, Bulgaria, Bosnia & Herzegovina, Croatia, the Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia or Slovenia). Winners are then selected by ranking their revenue growth over the four years from 2015 to 2018. Deloitte Technology Fast 50 Central Europe 2019 | Powerful Connections Fast 50 category overview Companies broken down by industry segments: Companies broken down by countries: ENVIRONMENTAL TECHNOLOGY COMMUNICATION EEstonia: 1 2 FINTECH Lithuania: 5 MEDIA 10 & ENTERTAINMENT Average Poland: 11 company growth 1129% HARDWARE 7 Czech Republic: 19 Slovakia: 3 31 SOFTWARE Hungary: 3 HEALTHCARE & LIFE SCIENCES Croatia: 6 Bosnia and Herzegovina: 1 37 2 11 13 NEW UP DOWN 2018 LAUREATES Bulgaria: 1 IN 2019 FAST 50 7 Deloitte Technology Fast 50 Central Europe 2019 | Powerful Connections Voltas IT: DIY diagnostics company tops the Fast 50 The solutions used by professional garages to diagnose problems with automotive systems are complicated and expensive. So, when two experienced automotive electronics The concept is proving enormously successful, with In addition, it is working hard to develop a full vehicle- Their first product launch, engineers and a software developer joined forces back more than a million downloads of the app. Today, there assistance ‘ecosystem’ for its fast-growing customer in 2014 to create a new solution with which vehicle are around 500,000 registered users of OBDeleven, base, with the aim of developing a fully integrated a small, fast and wireless owners could carry out a professional standard of accounting for around 800,000 vehicles. Around 20,000 approach to meeting every driver need. The concept diagnostics using just a smartphone, there was clearly people use the system every day, between them covers a wide range of services, from aftermarket diagnostic system called great potential in the idea.
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