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Slovak firms are again among the fastest-growing technology companies

Companies Inloop, Riešenia, Eset and Aliter Technologies made it to this year’s Deloitte list of the fastest growing companies in central Europe

Eset(Source: Sme)

Slovakia has again confirmed its strong position amongst technology companies. The company Inloop, developing mobile apps for companies like Avast, Intel and Samsung, placed sixth in the 2017 Deloitte CE Technology Fast 50 ranking with a growth rate of 2211 percent. The company Riešenia, operating in the field of website development and internet marketing, with a growth of 365 percent, ended 41st.

Security software company Eset again appeared in the separate list of The Big Five, where it placed fourth with a growth rate of 35 percent followed by Aliter Technologies, engaged in integration, development and consulting services in the area of information and communication technologies, with a growth of 2 percent. None of the Slovak companies however received a rating in the Rising Stars category. In total 20 companies from Slovakia enrolled in the competition.

“One of the most pleasing aspects of this year’s rankings is the number of companies in it that have ambitions to grow outside our region,” said Agnieszka Zielińska, Technology Fast 50 programme leader Deloitte Central Europe, as cited in the press release. “The overall winner, Czech company Kiwi.com, heads that list with its objectives of becoming a world leader – and many others have similar ambitions, with clients, customers, offices and employees already in markets across Western Europe and North America.”

Read also:Five Slovak companies are among fastest growing ones in CEE

Growth among Central Europe’s technology companies continues to accelerate, with the average growth between 2013 and 2016 delivered by the companies featuring in the 2017 Deloitte CE Technology Fast 50 ranking hitting a new record of 1,127 per cent. This is the second consecutive year that the average rate has broken through the 1,000 per cent mark.

“The truly amazing thing is the incredible youth of so many of these businesses,” said Zielińska. “This year, 68 per cent in the main ranking are first-time entrants, and the most common year of foundation was just 2012. No one knows what the future holds, but the impetus is clearly with this dynamic new generation of entrepreneurial businesses, right across Central Europe’s tech sector.”

This year, 11 countries contribute companies to the Fast 50: Poland (19), Croatia (8), Lithuania (6), the Czech Republic (5), Romania (3), Bulgaria, Hungary and Slovakia (2 each), and Bosnia & Herzegovina, Estonia and Latvia (1 each), the Deloitte informed.

Last year five Slovak companies made it to the main list, with Eset placed in The Big Five.

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