50 fastest-growing technology companies take center stage
Turkey announced the 50 fastest growing technology companies in the last four years, as compiled in the Deloitte Technology Fast 50, with Teknofix ranking third, REM People ranking second and Bulutistan coming out on top with a growth rate of 9,682%. The Technology Fast 50, announced by Deloitte Turkey in 2006, compiles the fastest-growing technology companies of the previous four years. The fastest-growing technology companies in Turkey are determined by the growth rate of net sales revenues over the time scale and announced at an award ceremony held with Facebook. According to the results of the Deloitte Technology Fast 50 Turkey 2019 Program, Bulutistan was the fastest growing technology company in Turkey with a rate of 9,682%. REM People came in second with 3,868% growth, while Teknofix came in third with 2,822% growth. The 2019 list of achievers saw long-time contenders, as well as a number of new startups, included on the list.
DELOITTE EXPORTS AND WOMEN AWARDS
In 2019, the Deloitte Fast 50 program only listed the top 10 companies, with the remaining 40 only listed in alphabetical order. This year, the program announced, in partnership with Facebook, that it had two different award categories. The program, which offers technology companies exposure to Europe and the world, also handed out the Women in Tech Award for the first time this year to companies where the number of female employees exceeded the number of male employees. The award was picked up by Paycell. Another new category, the Cross Border Award, created in cooperation with Facebook this year, was given to the company that achieved the highest growth and turnover success among companies with a ratio of at least 50% of its total sales going abroad. The award was given to Teknasyon.
Aselsan and Logo Software received the Big Stars Award, which sees technology companies that presided over revenues of 50 million euros ($55.68 million) or more during the 2018 financial year, judged according to their growth rates over the last four years. In his opening speech, Deloitte Turkey partner and TMT industry leader Metin Aslantaş said the FAST 50 companies were playing a leading role in the development of the digital ecosystem in
Turkey: “The most important principle that ensures the continuity of life in the universe we live in is the fact that living things can constantly convert their genetic codes,” Aslantaş said. “As differences, variations and innovations come together, a new DNA emerges, and the unique life cycle continues. That is valid for the corporate world, too. Technology companies like you are joining different genetic codes to create new ones. This creates new codes that transform society, and adapt and develop conditions. In this sense, I see FAST 50 companies as evolutionists of the corporate world, and I am grateful to them for not only developing the business world but also the world in general.”
“As a technology company aiming to be one of the most important partners in the growth journeys of young companies and startups, we are honored to support the Deloitte Technology Fast 50 program in its aim to celebrate innovation and technology and reward successful and emerging companies in this field to inspire other companies that may be at the beginning of their journey,” Derya Matraş, vice president of Facebook Middle East, Africa and Turkey, said.