Deloitte Ranks 5 Bulgarian IT Firms among Central Europe Top 50

Telerik is the fastest growing large Bulgarian IT firm, according to Deloitte.

Five Bulgarian IT companies have been included in the annual ranking of the international consultancy Deloitte of the 50 most dynamic IT firms in Central Europe.

Four Bulgarian companies are in the Technology Fast 50, and one more is in the “Rising Stars” category.

This is the largest number of Bulgarian firms in the Technology Fast 50 ranking of Deloitte since Bulgaria was included in the ranking in 2007. Deloitte ranks the most dynamic IT firms in Central Europe based on their revenue growth over a period of five years.

The best ranking Bulgarian IT firm in the 2009 ranking is the software company Telerik, which has achieved a growth of 2 327% over the last five years, and is placed 5th.

The Bulgarian online media group Investor.BG AD is sixth with a growth of 2 130%. Universal K is the third Bulgarian participant, which is ranked 20th with a growth of 664%. The software and consultancy firm Interconsult Bulgaria is 34th with a growth of 447%.

The Bulgarian multimedia solutions provider HAND Ltd is ranked among the ten “rising stars” firms with a growth of 315%.

The criteria for participating in the Technology Fast 50 Ranking of Deloitte is to be a IT firm headquartered in Central Europe, with annual income of at least EUR 50 000 over the last five years.

The rising stars category is for younger firms, whose annual income is supposed to exceed EUR 30 000 over the last three years.

The leader in the 2009 Deloitte Technology Fast 50 Ranking is the Polish portal Netmedia which has a growth of 7 120%.

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