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Laureate of Technology Fast50 Deloitte

TeleSoftas’ 310% Revenue Growth Celebrated in Deloitte CE Technology Fast 50 2017Web release: 13 October 2017


TeleSoftas’ growth and innovation in technology has placed us among the fastest growing technology companies in Central Europe, according to Deloitte’s Central European Technology Fast 50 list for 2017, ranking 50 across hundreds of companies considered for the accolade.

Businesses needed to meet the criteria of min 50,000 eur revenue threshold, operate within IT & Digital Solutions, Internet, Media & Telecom, Biotech, Nanotech, Medtech or Clean Tech, and the Energy sector, and be headquartered in Central Europe.

While the list is dominated with young rapidly growing companies, TeleSoftas is one of the larger and longest existing companies within the list. TeleSoftas has demonstrated a steady and healthy growth rate of 310% over the last five years.

In 14 years since its beginning, the company has established its expertise in mobile development solutions, as well as expanded its services and customer portfolio as well as its investment in R&D, and sustainable use of technology. All this, while simultaneously expanding across three continents with nearly 300 employees spanning over the offices in Kaunas, Vilnius, Zurich, Dubai and recently San Francisco.

In fact, TeleSoftas is just one of 6 Lithuanian companies included on this year’s Deloitte Fast 50 report, along with Deeper, Good one, Invenis, TV Žaidimai and ADEO WEB. Proving Lithuania has become the destination of choice for discovering pioneering technology companies, it has the highest inclusion in the Deloitte Report per capita in Central Europe: six companies in a country of just 2.8 million people.

Algirdas Stonys, CEO and Founder of TeleSoftas, the entrepreneur at the forefront of technological advances and development, believes that the key part of their growth and success is nothing but mutual trust, professionalism and dedication, that created the vibrant office culture of Telesoftas.

It all started in 2004 with a group of friends just trying to make each other happy, work on exciting projects, become the best at everything! To this day we have kept this ethos: we try to make our clients happy by caring of their end business results, we make each other happy by perfecting our processes and doing our best, we invest strongly in our R&D to make our employees happy by staying at the forefront of innovation. And this search for common happiness has been paying off remarkably!Algirdas Stonys

The CE Technology Fast 50 report celebrates business delivering technological advancements that strengthen the industry of the region. The Deloitte Technology Fast 50 CE is a leading technology business ranking, which highlights region’s fastest-growing technology companies based on their growth percentage over the last four years. It’s an industry standard and a prestigious group of fastest growing technology companies.

Whether large, small, public or private, emerging growth companies are powering innovation in the broader economy and the examples in this report are a best in class display of cutting edge businesses who are transforming the way we do business here in Central Europe.Alastair Teare, Chief Executive Officer of Deloitte Central Europe

You can read the full Deloitte Central European Technology Fast 50 2017 report here.