Analysis
INSIDE Secure named Deloitte Technology Fast 500 EMEA 2011 award winner
INSIDE Secure has announced that it has been named a winner of the Deloitte Technology Fast 500 EMEA awards, a ranking of the 500 fastest growing technology companies in Europe, Middle East and Africa based on percentage growth in operating revenue over five years. The Fast 500 EMEA award validates INSIDE’s product family expansions, growth into new market segments and leadership position in Near Field Communication (NFC) technology.
Bein“We are delighted by the recognition, which validates our strategy during challenging economic times,” said Remy de Tonnac, chief executive officer of INSIDE Secure. “Thanks to the extraordinary commitment of everyone at INSIDE and the exciting developments in mobile communication and applications, we look forward to continued growth and innovation.”
In 2009, INSIDE was named as a Deloitte Technology Fast 50 award winner in the semiconductor, electronic and components category. In 2011, 37 semiconductor companies were entered in the Deloitte Technology Fast 500 EMEA award program and close to 60 per cent of entrants are based in western Europe. Overall, companies that ranked in the Deloitte Technology Fast 500 EMEA 2011 program had an average growth rate of 1,287 per cent.
“Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive technology industry,” said David Halstead, Deloitte United Kingdom, partner in charge of the Deloitte Technology Fast 500 EMEA program. “We congratulate INSIDE Secure on being one of the 500 fastest growing technology companies in the region.”
The Technology Fast 500 list is compiled from the Deloitte EMEA Technology Fast 50 programs, nominations submitted directly to the Technology Fast 500 and public company database research. To qualify for the Technology Fast 500, entrants must have had base-year operating revenues of at least EUR 50,000 and current-year operating revenues of at least EUR 800,000.
Entrants must also be public or private companies headquartered in EMEA and must be a “technology company”, defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology.