REDTRAY Ranked 69th Fastest Growing Technology Company on the Deloitte Technology Fast 500 EMEA 2008
REDTRAY today announced that it ranked number 69th on the Deloitte Technology Fast 500 EMEA 2008, a ranking of the 500 fastest growing technology companies in EMEA. Rankings are based on percentage revenue growth over five years. REDTRAY grew 2056 percent during this period.
REDTRAY’s CEO, Bob Woodland, credits his colleagues’ dedication to REDTRAY and its clients with the company’s 2056% revenue growth over the past five years. He said, "I’m thrilled to be able to celebrate this recognition with everyone in REDTRAY. They are committed to delivering ground-breaking learning solutions that offer a fast return on investment for our clients.”
"Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive technology industry," said Karel Bakkes, partner in charge of Deloitte’s Technology Fast 500 EMEA program. "We congratulate REDTRAY on being one of the 500 fastest growing technology companies in the region."
In addition to ranking on Deloitte’s Technology Fast 500, REDTRAY ranked 12th on the UK Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in UK.
Overall, companies that ranked on the Technology Fast 500 EMEA 2008 program had an average growth rate of 1,297 percent.
Note to editors:
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 2003 operating revenues of at least €50,000 and 2006 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.