Deloitte announces Technology Fast50 and Rising Star nominations

8 Belgian companies nominated for fastest-growing technology company in the Benelux

Diegem, 12 September 2012 - Deloitte has announced the fifty companies which have been nominated this year for the Deloitte Technology Fast50. The nominees include numerous innovative Internet companies; a record number for this year. 8 Belgian companies have been nominated this time, compared to 6 players last year. The candidate which will win first place will be revealed at the Award Ceremony on October 11th. In addition, the nominees for the Rising Star Awards have also been announced, and here again one notes an increase in the number of Belgian candidates over last year: 4 Belgian companies are contending for the title of most successful start-up company in the Benelux region.

Deloitte, together with its co-sponsors, is once again organising the Technology Fast50 Benelux and Rising Star Awards this year. Networking activities, such as roundtable discussions and seminars, are organised within the Fast50 programme throughout the year. The high point is the annual election of the fastest-growing technology companies of the Benelux belonging to the Fast50 community.

Record number of Internet companies: innovation pays

Although the candidates come from both the public and the private sector and all technology segments are represented, it is above all Internet companies that score very high: indeed, half of the 50 nominees are active in the Internet sector. Luc Van Coppenolle, TMT Practice leader and partner at Deloitte said: "We'd already noticed in recent years that the number of Internet companies in our list of candidates has increased. This year this trend has led to a record number of Internet companies on our list. Digital innovations and developments, such as social media, cloud computing, apps and (big) data growth are the reason for this. In addition, software and telecoms companies are also well represented. It appears once again that innovation can be translated directly into revenue growth. It pays to innovate, and it's precisely in tough economic times like these that we mustn't forget it - which is why innovation is the Deloitte theme this year."

The selection is made on the basis of the percentage revenue growth over the last five years (2007 - 2011). A condition for participation is that companies must use a technology which they developed themselves. The participants in the Deloitte Technology Fast50 can come from the public or private sector and include all technology segments, such as software development, Internet services, life sciences and media technology. A total of 8 Belgian companies made the list of nominees - an increase over last year, when 6 Belgian companies were nominated. This year´s Belgians are (in alphabetical order): Dauvister S.A. (Stavelot), GeoSea (Zwijndrecht), Nomadesk (Sint-Martens-Latem), OpenERP (Brussels), Openway Europe (Brussels), Profacts (Eke), VOXBONE S.A. (from Brussels, which last year ended up as the highest-ranked Belgian company, in 11th place) and WeePee Telecom (Ostend).

Van Coppenolle: "It´s great to see that the list of Belgian nominees is growing each year. We´ll have to wait until mid-October to learn whether the Belgians actually win a prize, but the nominated companies already have very strong reputations."

The Rising Star Award: most successful start-up companies

For companies that have been operating for fewer than five years, a separate recognition has been created: the Rising Star Award. Instead of being judged on revenue growth, one looks at revenue potential. Once again this year the ´young guard´ is composed primarily of Internet companies. An independent jury assesses the pitches of those invited during the Rising Star Network Event, which is also held on October 11th.

The list of Rising Star nominees includes 12 companies, 4 of them coming from Belgium (in alphabetical order): Basalte BVBA (Merelbeke), Ovizio Imaging Systems (Brussels), Softkinetic (Brussels) and Woorank (Brussels). Last year, 3 Belgian companies were nominated for the award of most successful start-up company.

Nominees

You will find the fifty Deloitte Technology Fast50 nominees here
The Rising Star nominees can be found here