Two Israeli companies, YouAppi and Yotpo, placed in the top ten of 500 companies featured in the Deloitte Technology Fast 500 EMEA list, published Thursday by the London multinational Deloitte Touche Tohmatsu. The list ranks the fastest-growing private and public companies in Europe, the Middle East, and Africa, based on the percentage of their revenue growth over the past four years (2013-2016.)
YouAppi took 4th place with a stellar growth rate of 16,230 percent and Yotpo placed 6th with 8703 percent. The startups also respectively placed first and second on the Deloitte Israel Technology Fast 50.
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YouAppi is a US-Israeli startup providing a mobile ad platform that helps attract and retain new users on mobile by syncing up with more than 3,000 mobile apps and sites with analytics and predictive algorithms, powered by machine learning. According to a statement, CEO Moshe Vaknin credits the company’s international expansion as well as their the launch of a 360 Degree Growth Marketing Platform with their growth in revenue. Founded in 2011, YouAppi now has 10 locations around the world working with 470 global brands, and a platform used by over two billion people.
The Tel-Aviv based content marketing company Yotpo has a platform enabling brands to attract users through reviews, social integration and more, to drive traffic and conversions. Founded in 2011, the company says its revenues have quadrupled in the last 20 months and recently raised $51 million in a Series D funding round. The firm plans to add new features to its platform and increase their employees in offices around the world.
Three more Israeli companies were in the top 25 of the EMEA Fast 500. Those companies were project management system Monday.com in 15th place with a growth percentage of 5, 878 percent, big data intelligence company Datorama Technologies in 18th place with a rate of 5,150 percent and private computer software company Redis Labs in 24th place with a growth rate of 3,728 percent.
All of the Israeli companies that made the Deloitte Israel Technology Fast 50 were eligible for the EMEA Fast 500. In total, 20 Israeli companies made the Fast 500 list, including major startups like mobile analytics and marketing firms AppsFlyer, cloud-based web development platform Wix, and driver assistance sensor developer Mobileye. According to information highlighted in a Technology Fast 500 infographic, more companies from Israel made the list than companies from Italy, Spain, Russia, Austria, and Iceland combined.
To be considered, companies must be working in one of six sectors including “hardware, software, communications, media, life sciences or clean technology,” according to Deloitte. They must “develop or own proprietary technology that contributes to a significant portion of the company’s operating revenues” or “manufacture a technology-related product, and/or devote a high percentage of effort to research and development technology.”
They must be headquartered in the Europe, Africa, or Middle East region with an active business for a minimum of four years and have operating revenues of at least $58,828 for 2013 and at least $941,240 for 2016.
First place in the Deloitte Fast 500 went to a UK online food delivery company Deliveroo, which skyrocketed above the rest with a growth percentage rate of 107,117 percent. This year’s EMEA ranking features winners from 18 countries with an average growth rate of 1,377 percent, up from 967 percent in 2016, according to Deloitte. Growth for individual companies ranged from 220 percent to 107,117 percent. The Deloitte Technology Fast 500 program is now in its 17th year and includes regional rankings for North America and Asia-Pacific, as well as the EMEA region.
A ceremony unveiling the top 500 companies took place in Paris on Thursday, December 7, 2017.