Six Croatian companies among Deloitte's 50 fastest growing

Deloitte has published its annual list of the 50 fastest growing technology companies in Central Europe in 2015. The average growth rate of the selected companies was significantly higher compared to the previous year and surged from 560 to as much as 1,057 percent. Average growth of more than a thousand percent was last recorded in 2012. This list of fast-growing technology companies from eleven Central European countries includes as many as six Croatian companies.

These are Gauss, Rimac Automobili, Axillis, Telum, Hangar 18 and the Serengeti. Gauss from Osijek had the highest growth among Croatian companies, 736 percent in the past year which placed it on the 19th position. One position lower is Rimac Automobili, which grew by 702 percent. Axilis, with a 613 percent growth took 22nd place, while Telum took 23rd place thanks to the growth of 607 percent. Hangar 18 grew by 527 percent in 2015 and took the 28th place, while Serengeti is on 39th place with a growth of 385 percent.

Some newly listed companies among the 50 fastest is 43. This includes those on the first, second, and third place. One of the seven companies that were listed in the previous report moved up by one position, while the remaining six fell down. Scale is dominated by companies dealing with information technology and digital solutions. This year there are 41 of them. Most companies on the list are from Poland, 17 of them, seven Czech companies, and the third most successful by this criterion is Croatia with six companies. Out of the remaining 20 on the list, five companies are from Slovakia, four from Romania and Hungary, three from Lithuania and one from Slovenia, Bosnia and Herzegovina, Serbia and Bulgaria each.

First place on the list went to the Polish software company Codewise which in 2015 grew by a whopping 13,000 percent. It also leads the list of the five largest companies, while a star on the rise is the Lithuanian software company Deeper. This year we introduced a new category, that of the most disruptive innovations. The prize is awarded to a business entity that does not have to be included in the scale, but stands out for its exceptional ideas or technologies that radically change the work, the reason for being called disruptive. The first award of this kind went to the Polish HiProMine, which in the field of waste management and the production of food for humans, cattle and other animals, and fertilizers applies technology based on the use of insects.