After the announcement of being listed in Deloitte’s Central European Technology Fast 50 list for 2017, TeleSoftas’ growth and innovation in technology has further placed us among 500 fastest growing technology companies in Europe, Middle East and Africa.
This year’s EMEA program features winners from 18 countries, with an average growth rate of 1,377 percent. While TeleSoftas growth rate raced up to 310% placing the company at the 382nd place, growth rate on the list ranged from 220 percent to 107,117 percent. It was measured by evaluating fiscal-year revenue growth from 2013 to 2016.
“This year’s Fast 500 list is led by organizations with unprecedented growth,” said Paul Sallomi, Deloitte Global Technology, Media & Entertainment, and Telecommunications, Industry Leader. “As technology continues to evolve, 2017’s ranking companies show that every industry is ripe for transformation, impacting both consumers and enterprises across sectors.”
Just recently TeleSoftas was also featured in Deloitte’s Fast50 Central Europe list. And even though most of the winners for EMEA listing came from France and UK (97 and 92 listed companies accordingly), Central Europe is strongly catching up the Western countries in the number of fast developing tech businesses (62).
Contrary to the many starter companies with staggering growth rates, such as for example the winner Deliveroo (107,117) TeleSoftas has 15 years of experience. The company has already established its expertise in mobile development solutions, big data, data analytics and telcom. Its services and customer portfolio expanded from well-known brands such as the Smithsonian, BBC, Ferrari, and Aon, to innovative SMEs like YellowDog and is further investing into R&D of AI, VR, AR. 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.
Commenting about the Deloitte inclusion, Algirdas Stonys, CEO and Founder of TeleSoftas said: “We are happy to work with brave innovators, disruptors and creators. We don’t just deliver product engineering, we look at the client’s end business results and provide all-round solutions for their businesses. We invest strongly in our R&D to make our employees happy by staying at the forefront of innovation. And this attitude has been paying off remarkably.”
Find the full Technology Fast 500 EMEA Winners list here.