Eiger Systems, a provider of payment systems, says it that it has been ranked eighteenth in the 2003 Deloitte European Technology Fast 500, and is the third highest placed UK company. The 2003 Deloitte European Technology Fast 500 is a ranking of the 500 fastest-growing technology companies in Europe based on five-year percentage revenue growth from 1998-2002. Eiger Systems grew 3843% percent during this period.
Callum Johnston, Managing Director of Eiger Systems, credits the companys success these past five years to products, people and processes. “Eiger Systems is a leader in the development of software solutions that ensure payment accuracy for automated banking and e-commerce providers and their customers,” he says. “We have achieved this by focusing on the needs of our customers and their users, by bringing together high quality teams of people throughout the organisation, and by establishing clear processes and procedures that help ensure that the whole company remains focused on achieving customer satisfaction. I am convinced it is this combination of factors that lies behind our tremendous and wholly organic growth these past five years.”
“The technology companies that have made the rankings will be creating a community of companies that promote a platform of best practices around the globe, as well as creating the best global forum for business leaders to share information,” adds Karel Bakkes, partner in charge of Deloittes 2003 European Technology Fast 500 programme.
Deloitte’s European Technology Fast 500 programme is a ranking of the fastest growing high-technology companies in Europe, the Middle East and Africa. Based on the percentage of revenue growth during a five-year period, the ranking features the 500 private and publicly held companies in the technology, media & telecommunications sectors who by implementing innovative strategies, sound management practices and marketplace vision have achieved the status of high-growth leaders during the current marketplace challenges.
The European Technology Fast 500 is compiled from three sources: 1) regional Fast 50 winners in Europe, which are automatically submitted for Fast 500 consideration, 2) nominations submitted directly to the European Technology Fast 500, and 3) from public company database research.
To qualify for the ranking, firms must be involved in proprietary technology that contributes significantly to their operating revenues, manufacture a technology product or be deeply involved in technology research and development. Also, the firm must have been in business at least five consecutive years, had revenues of at least 50,000 euros in 1998, and be headquartered in Europe or have shares listed on a European stock exchange.
The Deloitte European Technology Fast 500 programme is administered by Deloitte’s Technology, Media & Telecommunications (TMT) Group.