Telecommunications company Ceragon Networks (Nasdaq: CRNT) won the Fast 50 Israel competition for 2001. The competition, organized by Deloitte and Touche - Brightman Almagor accounting firm, ranks 50 Israeli high-tech companies by revenue growth rate during 1998-2000.
Ceragon, which develops broadband wireless communications networks, posted 6,754% revenue growth in this period. In second place, with 4,337% revenue growth, was Targetmatch.com, which develops Internet marketing and advertising platforms.
Emblaze Systems (LSE:BLZ) was in third place, with 3,086% revenue growth. Emblaze develops multimedia streaming solution for mobile devices. Telecommunications company Shunra Software was in fourth place, with 2,587% revenue growth.
Sagitta was in fifth place, with 1,957% revenue growth, followed by Allot Communications, Oren Semiconductor, MuTek Solutions, Access Optical Communications and Card Guard Scientific Survival (SWX:CARDG) in descending order.
44% of the companies in the list were in the telecommunications sector, 26% in information technology, 14% in technology equipment, 6% in Internet, 6% in semiconductors, 2% in medical equipment and 2% in other sectors. 14 of the companies were private and 36 were public companies. None were in biotechnology.
In addition to the national Fast 50 competitions, Deloitte-Touche is also has a global Technology Fast 500 competition. Candidates are chosen from national Fast 50 competitions or by independent registration. The winner of the 2001 Fast 500 competition was eBay, with 115,874% revenue growth in 1995-2000.
Published by Israel's Business Arena on 11 February 2002