Deloitte ranked 5 Bulgarian IT companies among the fastest growing in the region

Five Bulgarian companies found a place in the fastest-growing tech companies ranking - Deloitte EMEA Technology Fast 500. These are Ampeco, LimeChain, Noto, Digital Lights and SoCyber.

The highest ranked is Ampeco – a Bulgarian product company that develops a cloud-based software platform for managing EV charging stations. It ranks 104th, with revenue growth of 1,627% in 2023. In comparison, the average reported growth in the software vendor sector according to the ranking is 1,613%.

The other companies (by order of ranking) are:

• LimeChain, which deals with blockchain and Web3 innovation, takes the 293rd position, with a 642% growth in revenue. The company also falls under the category of software vendors.
• Noto, a fintech company that specializes in preventing financial fraud and money laundering, ranks 354th, with 525% revenue growth. By comparison, the average revenue growth in its category, fintech, was 3,202%.
• Digital Lights, which develops information systems in the automotive field, ranks 375th, with 488% revenue growth.
• SoCyber, which is also in the software sector, and more specifically in the cybersecurity and security testing field, ranked 389th, with 472% revenue growth.

The average growth rate of all companies in the ranking is 1931%. And 175 of them have a growth of over 1000%, says the Deloitte report.

The 2023 ranking is topped by Finnish video game company Metacore Games, which saw growth of over 89,000%. Its game app has been downloaded over 50 million times.

Deloitte's annual ranking selects the 500 most progressive companies in the Europe, Middle East and Africa (EMEA) region.

Startups continue to drive the economy, revolutionize the way we live and create powerful potential to solve the big challenges ahead,” says a statement from the consultancy.

Translated by Tzvetozar Vincent Iolov