Capital ID ranked as Fastest Growing Technology Company on the Deloitte Technology Fast 500 EMEA 2009.
Zwolle, the Netherlands - November 2009
Attributes its 410% Percent Revenue Growth to existing clients and new licenses.
Capital ID today announced that it ranked Number 441 on the Deloitte Technology Fast 500 EMEA 2009, a ranking of the 500 fastest growing technology companies in EMEA. Rankings are based on percentage revenue growth over five years.
Capital ID grew 410% percent during this period.
Capital ID’s CEO, Dennis Steen, credits the relationship with existing clients, ability to execute, partners and staff with the company’s 410% revenue growth over the past five years. He said, "Yes I am proud. I am proud of our staff and the success for our customers with our software. Recognition is not something that we are aiming for, because we know we have a unique company. Then again: I’m only human and of course this nomination brings a smile on my face. These are challenging times for all of us in the industry. We firmly believe that MRM will grow rapidly as an industry and as one of the leading European players we are committed to grow the company and become a global player."
"Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive technology industry," said David Halstead, partner in charge of Deloitte’s Technology Fast 500 EMEA program. "We congratulate Capital ID on being one of the 500 fastest growing technology companies in the region."
“For the growth of the Fast 500 in 2009 to exceed that of 2008 despite the economic turbulence of the past year is nothing short of phenomenal. It shows both that companies are coming up with technological solutions that are meeting their customer’s needs, but also that they have the drive and determination to succeed despite the economic issues.” said David Halstead, partner in charge of Deloitte’s Technology Fast 500 EMEA program.
Technology Fast 500 EMEA selection and qualifications
The Technology Fast 500 list is compiled from Deloitte’s EMEA Technology Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2004 operating revenues of at least €50,000 and 2008 operating revenues of at least €800,000.
Entrants must also be public or private companies headquartered in EMEA and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
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