Czech-based Kentico Software (news, site), who continues to expand despite increasingly difficult trading conditions in Europe, recently made the Deloitte Technology Fast 50 list for central Europe. They are listed as the fifth highest ranked company in the ‘Rising Stars’ category.
A Rising Star
The Rising Star category lists companies that meet very stringent criteria set out by Deloitte including research and technology spend, minimum revenue of €30,000 (US$ 44,623) for three successive years and the development and/or manufacture of proprietary technologies.
According to Petr Palas, Kentico founder and CEO, the company’s three-year growth rose from 533% to 710% compared to corresponding figures for last year. To note is the fact that Deloitte assesses the company based on disclosed financial statements so the chances of telling porkies here are minimal.
And while we all know that the company already has offices in the US, further expansion seems likely given that they have just poached Thom Robbins, former Director of Developer Audience for Microsoft, only two weeks ago to operate as their new product evangelist.
The list in its entirety though is just as interesting and for any US company looking for a foothold in Europe well worth a look.
Also Made the List
The Polish technology company Netmedia took first place in the Technology Fast 50 list with a growth of 7,210 percent in the 2009. Another company that made it onto the Fast 50 list and one that you will be familiar is Bulgaria-based Telerik, a vendor of components, tools and content management software for the Microsoft .NET platform. SEO services company Sunrise Systems, again from Poland, makes it in fourth place.
Strong IT Growth in Central Europe
Central Europe is definitely rocking IT-wise, with many of the names on the list familiar. In this respect we are likely to see a lot more of this over the coming years as many of the companies in the region are based in countries that have recently joined the EU and consequently a potentially Europe-wide market.
Added to is the large number of skilled IT workers that countries like the Czech Republic and Poland have managed to attract from weakened economies in Western Europe that traditionally have had very strong IT industries (like the UK or Ireland).
Keep an eye on this region in the coming years because all the signs are that the IT industry there is on a cresting wave. And if you need any further evidence just check-out the Deloitte report.
If you’re interested in having a look at Kentico, they will be showcasing their content management solution at the Gilbane Conference in Boston in December.