T-VIPS Ranked Number 30 Fastest Growing Technology Company on the Deloitte Technology Fast 500 EMEA 2010
T-VIPS CEO, Johnny Dolvik, credits T-VIPS’ innovative approach combined with a focus on providing solutions that answer real business needs for the company‘s 3133% revenue growth over the past five years. He said: "This award is testament to our innovative approach to video transport, for instance we have pioneered the use of the JPEG2000 codec in the broadcast space.”
Dolvik concluded: “Of course, being innovative on its own does not guarantee success. We have been very careful to make sure that our innovative solutions answer real world business problems and do so in an efficient manner. I think the growth rate of 3133% shows that we have got it right over the last five years!"
"Making the Deloitte Technology Fast 500 is commendable in today‘s highly competitive technology industry," said David Halstead, Deloitte United Kingdom, partner in charge of the Deloitte Technology Fast 500 EMEA programme. "We congratulate T-VIPS on being one of the 500 fastest growing technology companies in the region."
In addition to ranking in the Deloitte Technology Fast 500, T-VIPS ranked 4 in the Norway Deloitte Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the country.
Overall, companies that ranked on the Deloitte Technology Fast 500 EMEA 2010 programme had an average growth rate of 1,192%.
Deloitte Technology Fast 500 EMEA selection and qualifications
The Technology Fast 500 list is compiled from the Deloitte EMEA Technology Fast 50 programmes, nominations submitted directly to the Technology Fast 500, and public company database research. To qualify for the Technology Fast 500, entrants must have had base-year operating revenues of at least €50,000 and current-year 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 develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology. Using other companies' technology in a unique way does not qualify.
About Deloitte Technology Fast 500 EMEA
The Deloitte Technology Fast 500 EMEA is the region‘s most objective industry-ranking standard to focus on the technology field and recognizes technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East and Africa during the past five years. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies – large, small, public and private – span a variety of industry sectors, and are leaders in hardware, software, telecom, semiconductors, internet, media, life sciences and emerging areas, such as clean technology.
The programme is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is run by the Deloitte Touche Tohmatsu Limited‘s Technology, Media & Telecommunications (TMT) global industry group. Co-sponsors include Taylor Wessing, a leading International law firm with a focus on the industries of tomorrow, and Fidelity Growth Partners Europe, a venture and growth capital investor which backs entrepreneur with aspiration for greatness in the IT and clean technology sectors across Europe.
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T-VIPS is a global leader in professional video solutions with innovative products and systems that make the distribution, control and management of professional quality video services more efficient, flexible and cost-effective. By getting video to the right place at the right time, in the right quality, the company enables its customers to meet consumer demands for next-generation television including HDTV, high quality live sports and event coverage, and localised content. From its corporate and international headquarters in Oslo, Norway and its Americas headquarters in New Jersey, USA, T-VIPS serves many of the world’s leading media organisations, studios and broadcasters in over 50 countries. The company is funded by leading Scandinavian VC funds Northzone Ventures and Incitia Ventures.T-VIPS