Schiphol-Oost - Netherlands, 26th September 2005: MarketXS has become this year's winner of the Deloitte Technology Fast 50 Award. The awards ceremony took place in Media Plaza in Utrecht on 22nd September. Established in 1999, MarketXS is a leading provider of real-time market data technology and trading solutions and has seen aggregate growth in revenue of 7,308 per cent over the past five years.
In second place on the list of the 50 fastest growers was TomTom, the leading provider of navigation solutions that listed its stock on Euronext earlier in the year, with a growth percentage of 6,107%. Third was Coolblue, the online retailer for consumer electronics, with a 4,712% growth.
The Technology Fast 50 programme, organised for the sixth time by accounting and consulting firm Deloitte in partnership with ING Bank, Euronext and FEM Business, recognises and ranks the fastest-growing technology companies in the Netherlands based on percentage revenue growth over a five year period.
Various criteria apply to participation in the Technology Fast 50 competition. Eligible are technology companies that are in business for a minimum of five years, develop proprietary technology and have their headquarters in the Netherlands. Operating revenues must be at least Euros 50,000 for 2000.
The Technology Fast 50 competition in the Netherlands is part of a worldwide programme for growth companies in the technology sector. The Fast 50 Awards were started in San Jose, California in 1995, and have now expanded world wide to incorporate nine countries and regions, including the UK, France, Germany, Central Europe, the Netherlands, Asia-Pacific, Israel, and Australia. All regional Fast 50 winners in Europe, Middle East & Africa are also nominated into the Technology Fast 500 EMEA program. The results of the 2005 Technology EMEA Fast 500 ranking will be announced on 30 November 2005 in London.
MarketXS Founder and Chief Executive Officer, Floris Alkemade, credits discipline, passion, and a company-wide entrepreneurial spirit for the sustained revenue growth. MarketXS pioneered the concept of using a Software As a Service model for providing access to financial markets for financial institutions and their employees and customers, demonstrating how the service would render conventional on-site systems obsolete. 'It is a tremendous achievement for MarketXS to have come 1st place in the Deloitte Technology Fast 50, in what has been a challenging environment for technology companies in recent years. We will continue to invest heavily in technology and the development of new products, with a view to maintaining our technology leadership, optimally serve our customers and further grow our business on an international scale,' stated Alkemade.