MIG hits Deloitte Technology Fast 500 number one spot

Mobile Interactive Group (MIG) has secured the number 1 spot in the Deloitte Technology Fast 500 rankings for EMEA with a five-year fiscal growth rate of 26,885 per cent. Now in its 10th year, the annual Deloitte Technology Fast 500 ranks the fastest growing public and private technology, media, telecommunications, life sciences and clean technology companies from 24 countries across EMEA.

“MIG and all the other 2010 Deloitte Technology Fast 500 winners deserve enormous credit for the remarkable growth they have achieved in what remains a challenging economic environment,” says David Halstead, Deloitte partner in charge of the Deloitte Technology Fast 500 programme.

Commenting on the news, MIG CEO Barry Houlihan said: “Were in a hot high-growth industry, dealing with rapid changes in devices, products, platforms and user expectations. You need to have a clear vision, a great business model and a very strong culture to deal with that. We are focused on international expansion despite the economic uncertainty. This market could stay flat for some time. My advice is to be relevant in what you do and be very focused on customer service. In a challenging market, helping your clients to grow and generate revenue will distinguish you from your competitors.”

The average five-year revenue growth rate in this year’s Deloitte Technology Fast 500 EMEA ranking is 14,027 per cent for the top five companies and 1,192 per cent for the top 500. This was down from the 2009 growth figures of 24,068 per cent for the top five and 1,470 per cent for the full ranking.

France has the highest concentration of Technology Fast 500 companies with 94, followed by the UK with 86. However, the UK has three of those companies in the top five. Sweden jumped ahead of Norway and the Netherlands into third spot having produced 65 ranked companies, 27 more than it had in 2009.

The software sector comprised 40 per cent of the overall list with 202 companies, followed by internet (22 per cent); telecommunications/networking (15 per cent); semiconductors/components/electronics (9 per cent); biotech/pharmaceutical/medical equipment (6 per cent), greentech (3 per cent); and computers/peripherals (3 per cent). Media/entertainment made up the remaining 2 per cent.  The software sector was particularly strong, capturing three of the top five spots in the ranking and 21 in the top 50.

You can see the full list of ranked companies here.