M-Files Featured in the Deloitte Technology Fast 500 EMEA 2011
Published on: November 29, 2011
M-Files Attributes 363 Percent Revenue Growth to Rapid Adoption of Easy Document Management Solution
Dallas, TX (PRWEB) November 28, 2011 M-Files Corporation, the developer of M-Files easy document management software and the cloud-based document management service M-Files Cloud Vault, today announced that it ranked number 439 on the Deloitte Technology Fast 500 EMEA 2011, a ranking of the 500 fastest growing technology companies in Europe, the Middle East and Africa (EMEA). Rankings are based on percentage revenue growth over five years. M-Files Corporation grew 363 percent during this period.
M-Files previously ranked 461 in the 2010 Deloitte Technology Fast 500. Overall, companies that ranked on the Deloitte Technology Fast 500 EMEA 2011 program had an average growth rate of 1,287 percent.
In addition to ranking in the Deloitte Technology Fast 500, M-Files Corporation was 22nd in the Finland Deloitte Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Finland.
“M-Files has proved itself to be one of the fastest growing tech companies in Europe, the Middle East and Africa, and we are proud to be honored as a 2011 Technology Fast 500 company,” said Antti Nivala, CEO of M-Files Corporation. “With our 363 percent growth rate over five years, M-Files has proven to have the vision and determination to grow and thrive amidst challenging economic conditions.”
“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 program. “We congratulate M-Files on being one of the 500 fastest growing technology companies in the region.”
Deloitte Technology Fast 500 EMEA selection and qualifications
The Technology Fast 500 list is compiled from the Deloitte EMEA Technology Fast 50 programs, 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 program 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.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 140 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte’s approximately 170,000 professionals are committed to becoming the standard of excellence. Visit http://www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
About M-Files Corporation
M-Files Corporation develops M-Files professional document management software and the cloud-based document management service M-Files Cloud Vault that runs on the Windows Azure platform. M-Files is easy to deploy, learn and use, and enables companies and organizations of all sizes to make dramatic gains in efficiency and productivity by improving the way they organize and manage their business documents, information and processes. More than 15,000 customers in over 80 countries worldwide use M-Files to manage their documents. M-Files is available in 24 languages and is in use at customers such as AstraZeneca, BSA LifeStructures, EADS, FinnComm Airlines and Parker Hannifin. For more information, visit us at http://www.m-files.com, the M-Files blog, and follow us on Facebook and Twitter.
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