Dublin, Ireland, November 25th 2011 – Creme today announced that it ranked Number 227 on the Deloitte Technology Fast 500 EMEA 2011, a ranking of the 500 fastest growing technology companies in EMEA. Rankings are based on percentage revenue growth over five years. Creme grew 709% during this period.
Creme’s CEO, Cronan McNamara, credits Creme’s excellent team and advanced technology with the company’s 709% revenue growth over the past five years. He said,
“We are absolutely delighted to receive this award. I would like to thank Deloitte for this award, and for continuing to organise this event. Special thanks must go to our customers, who continue to support Creme; and to the Creme team who work tirelessly on their behalf. This award is a great recognition of all of the hard work over the past 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 Creme on being one of the 500 fastest growing technology companies in the region.”
In addition to ranking in the Deloitte Technology Fast 500, Creme ranked 9 in the Irish Deloitte Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Ireland.
The awards ceremony took place in London, Thursday 24th November.
“Making the Deloitte Technology Fast 500 EMEA ranking is a testament to a company’s commitment to technology,” David Halstead, Deloitte United Kingdom and partner in charge of the Deloitte Technology Fast 500 EMEA programme. “With its 709% growth rate over five years, Creme has proven that its leadership has the vision and determination to grow in difficult conditions.”
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.