Eiger Systems ranked Europes 18th Fastest-Growing Technology Company

Tuesday 6 January 2004 08:04 CET | News

Eiger Systems has been ranked 18th in the 2003 Deloitte European Technology Fast 500, and is the third highest placed UK company.

The 2003 Deloitte European Technology Fast 500 is a ranking of the 500 fastest-growing technology companies in Europe based on five-year percentage revenue growth from 1998-2002. Eiger Systems grew 3843% percent during this period. Deloittes European Technology Fast 500 programme is an objective ranking of the fastest growing high-technology companies in Europe, the Middle East and Africa. Based on the percentage of revenue growth during a five-year period, the ranking features the 500 private and publicly held companies in the technology, media & telecommunications sectors who by implementing innovative strategies, sound management practices and marketplace vision have achieved the status of high-growth leaders during the current marketplace challenges. The European Technology Fast 500 is compiled from three sources: 1) regional Fast 50 winners in Europe, which are automatically submitted for Fast 500 consideration, 2) nominations submitted directly to the European Technology Fast 500, and 3) from public company database research. To qualify for the ranking, firms must be involved in proprietary technology that contributes significantly to their operating revenues, manufacture a technology product or be deeply involved in technology research and development. Also, the firm must have been in business at least five consecutive years, had revenues of at least 50,000 euros in 1998, and be headquartered in Europe or have shares listed on a European stock exchange. The Deloitte European Technology Fast 500 programme is administered by Deloittes Technology, Media & Telecommunications (TMT) Group.

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Categories: Payments & Commerce | Payments General
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