500 Fastest Growing High-Tech Companies Named In Deloitte Touche Tohmatsu's New European Technology Ranking.Business/High-Tech Editors PARIS--(BUSINESS WIRE)--April 9, 2002 Number One Ranked Riverdeep Group Plc of Ireland Has Three-Year Average Revenue Growth of 14,193% Deloitte's First European TMT TMT 1 Tarsometatarsal 2 Thermomechanical treatment 3 Treatment, see there Industry Sector Ranking Shows Companies' Three-Year Average Revenue Growth of 525% The 500 fastest growing European high-tech companies were announced today as the first annual Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. European Technology Fast 500 programme was unveiled in Paris. The ranking is administered by the Technology, Media & Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. (TMT) industry practice of Deloitte Touche Tohmatsu, one of the world's leading professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms with professionals in 130 countries. Public and private high-tech companies based in 23 countries and representing all high-tech sectors are included in the prestigious ranking. Deloitte's European Technology Fast 500 programme is Europe's first truly objective ranking that focuses exclusively on the TMT industries. The ranking is based on three-year average revenue growth of each technology company. The first ranking is based on percentage growth between 1998 and 2000. The number one ranked company, with an average three-year revenue growth of 14,193%, is Riverdeep Group, Plc based in Dublin, Ireland, a provider of online educational courseware Educational software. See CBT and OpenCourseWare. (application) courseware - Programs and data used in Computer-Based Training. . The average three-year revenue growth for all 500 companies is 525%. Top Ten Ranked Companies 1 Riverdeep Group plc 14193% 2 NordNet (TeleTrade) 12392% 3 OpenShop AG 8759% 4 Sourcing Partnerships Ltd 8429% 5 Ceragon Networks 6754% 6 Fast Search and Transfer 5728% 7 OnVista AG 5467% 8 Targetmatch.com 4337% 9 Epoint Ltd 3985% 10 The Innovation Group Plc 3931% "I congratulate the marvelous achievements of these winning companies," said Igal Brightman, Global Leader of Deloitte's TMT industry group. "Their vision, strategies and innovation have made them not only winners of this prestigious ranking, but also members of Europe's new high-tech elite." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Karel Bakkes, Deloitte's Partner in charge of the European Technology Fast 500 Programme, "The established and emerging companies that are part of Deloitte's European Technology Fast 500 programme have made an incredible achievement. Because these companies are able to produce substantial revenue growth, even during difficult economic periods, they will be the key forces behind Europe's future economic development." European Fast 500 Company Statistics -- While winning companies represent all TMT industries, the three most dominant sectors are software (37%), communications and networking (14%) and Internet (12%). These percentages mirror the sector concentrations of companies ranked by Deloitte's US Technology Fast 500 Programme. -- The software sector included the largest number of winning companies in France, Germany, Ireland, the United Kingdom, the Netherlands and Sweden. -- The most Internet company winners are in France and the Netherlands. -- The most communications and networking company winners are in the United Kingdom and Israel. -- The most medical and scientific company winners are in Germany. Qualifying Criteria To qualify for the ranking, firms must be involved in proprietary technology that contributes significantly to their operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. , manufacture a tech product or be deeply involved in tech research and development. Also, the firm must have been in business at least three years, had 1998 revenue of at least 50,000 euros, and be headquartered in Europe or have shares listed on a European stock exchange. Deloitte has reviewed and verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. the financial information and three-year average revenue growth documentation, as of 31 January 2002, of each company entering the ranking programme. The Deloitte European Technology Fast 500 ranking is compiled from three sources: 1) winners of the single country/region Fast 50 programmes are automatically entered into the Fast 500 programme, 2) nominations submitted directly to the European Technology Fast 500, and 3) from public company database research. Deloitte's TMT Conference in Paris The ranking of Europe's 500 fastest growing technology companies was announced during Deloitte's high-profile technology, media and telecommunications conference and award ceremony in Paris. The one-day event one-day event a contraction of the three-day event but like that contest is aimed at selecting the best all-round horse and rider. The events usually contested are show-jumping, dressage and cross-country. was organized in cooperation with Euronext, the largest stock market in the euro zone, at the impressive Palais de la Bourse bourse (b  rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. (Paris Stock Exchange).The conference was a strategic forum featuring leading experts in the TMT industries who presented the latest insight and vision on current marketplace conditions and future trends. In addition to TMT experts and the CEOs of winning Fast 500 companies, the conference was attended by leading venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. , investment bankers Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. and industry analysts. The conference program included presentations by Igal Brightman, Deloitte's TMT Global Leader; a keynote address keynote address n. An opening address, as at a political convention, that outlines the issues to be considered. Also called keynote speech. Noun 1. by Thomas L. Doorley, III, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of Sage Partners, on the strategy of global high-tech growth and a comparison of how European high-tech firms are advancing relative to their North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. counterparts. Karel Bakkes, Deloitte's Partner in charge of the European Fast 500 programme, provided perspective on the current trends among the 500 winning European high-tech companies. Other presenters included Jean-Francois Theodore, President Directeur General Euronext; Dan Henry, CEO of Euronet; Iain Wallace, founder of NetquartZ; and Simon Waddington, of PolyTechnos Venture-Partners. About Deloitte's TMT Industry Practice The TMT industry practice has deep industry knowledge of technology, media and telecommunications companies See telecom company. and the challenges these firms face in areas such as Internet, software, computers, telecommunications and networking, semiconductor and related industries, along with broadcasting and publishing. Deloitte's TMT practice provides a global network of dedicated professionals who can deliver innovative solutions to clients wherever they are in the world. About Euronext Euronext is the first cross-border European exchange organization, created in September 2000 by the merger of the exchanges in Paris, Amsterdam and Brussels. Euronext manages both regulated and unregulated Adj. 1. unregulated - not regulated; not subject to rule or discipline; "unregulated off-shore fishing" regulated - controlled or governed according to rule or principle or law; "well regulated industries"; "houses with regulated temperature" 2. markets and offers a complete and varied range of services encompassing all exchange activity. Euronext is the first exchange in Europe to offer a single trading platform with uniform market rules for all European and non-European equities. Editors: For a complete list of the Deloitte European Technology Fast 500 companies, rankings, sectors, revenue growth percentages, locations and CEOs, go to www.fast500europe.com |
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