3 Israeli tech cos make Deloitte European top ten

Deloittes ranks myThings, Trusteer and MyHeritage among the ten fastest growing European technology companies.

Deloittes EMEA Fast 500 ranks three Israeli companies, myThings, Trusteer and MyHeritage among the ten European technology companies with the highest rates of growth. myThings, which specializes in targeted advertising (specifically retargeting) was ranked second; Trusteer, which was bought by IBM in August for $630 million, was ranked fifth; and MyHeritage, which specializes in family trees and genealogical research, was ranked tenth.

myThings posted growth of 23,205% in sales over the past five years, and only last October it placed first for the second successive year in the Deloitte Brightman Almagor Zohar Technology Fast50 competition, which took place in Israel.

Trusteer, which provides services to protect companies from financial fraud and business information theft, using technology that identifies and blocks threats that target computers and mobile devices, showed growth of 11,240% over the past five years. MyHeritage reported growth of 9,041%.

An analysis of the ranking results by field show an impressive achievement by Israeli company EndyMed, which placed first among biotech companies, and 25th in the collective rankings, with growth of 4,217%. EndyMed develops, manufactures and markets medical-cosmetic devices based on radio-wave energy technology (RF).

The rise in growth rates of Israeli companies this year compared with last year caused their rankings to improve, says Deloitte Brightman Almagor Zohar chairman and CEO Ilan Birnfeld, The presence of Israeli companies in the international rankings, and particularly in the top ten, is a sign of the Israeli high-tech industrys strength, and the centrality that it is gaining in the world.

This is the 13th year of the Technology Fast500 program, which ranks the public and private technology companies with the highest rates of growth in the fields of communication, media, life sciences, and cleantech from 24 countries in the EMEA (Europe, Middle East and Africa) region, based on their growth figures from the past five years.

This year, the 500 companies that were ranked grew by 1,403% on average, a slight decrease from 2012, when the average growth was 1,549%. This year, more than 1,000 applications were received from companies wishing to be included in the program.

French company YMagis, which specializes in solutions digital cinema, was ranked in first place. Adyen came in third, Beepsend came in fourth, and Infectious Media came in sixth, followed by Talentsoft, 1001 Teknoloji, and Vector.

Published by Globes [online], Israel business news - www.globes-online.com - on December 1, 2013

Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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