September 11, 2020

Scalefocus Ranks in Deloitte 2019 Technology Fast 500

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Scalefocus is the largest Bulgarian software company in the ranking of Deloitte 2019 Technology Fast 500.

For a third year in a row, we are on the list with the fastest growing 500 companies in the sectors of technology, media, telecommunications, life sciences and energy for Europe, the Middle East and Africa.

“We are extremely proud to enter the most prestigious business ranking for fast-growing technology companies in our region for a third year in a row. This is a precedent mainly because it is extremely difficult for large companies to maintain such growth and we are very grateful for the trust of our partners and customers, as well as for the efforts of our amazing team.

Today we are going through an adaptation of our business model to the new realities of the market and we believe that our experience and technological expertise will be crucial both for the proper digital transformation of our customers and for their long-term positioning in the ever-changing market. This growth is part of the vision to be the most innovative software company in Eastern Europe.”

said Plamen Tsekov, CEO

Deloitte Technology Fast 500 EMEA is an objective ranking by sector with a focus on the technology ecosystem. It honors companies that have achieved the fastest revenue growth rates in Europe, the Middle East and Africa in the last four years.

In this year’s list, the strong presence of the fintech sector is impressive – the total number of fintech companies in Deloitte Technology Fast 500 is 50 – ie 10% of the growth champions in the region are in this field, and in the top 10 the presence is a significant 40%, including the first (Revolut) and second (OakNort) locations.

Scalefocus works with many companies in this sector, focusing on developing complete IT solutions, consulting services and technology innovations for clients in Western Europe and North America. In addition to the impressive result in the prestigious ranking for the next period (2019), we continue to grow in revenue by 68% (nearly 10 million euros, reaching 31.5M), and despite COVID-19 in 2020 will maintain a stable development.

The other two Bulgarian companies in the Deloitte 2019 Technology Fast 500 ranking are Accedia and Botron Software Solutions.