Deloitte has released the results of its first edition of the Middle East Technology Fast 50, the list of fastest-growing technology companies in the Middle East and Cyprus.
The consultancy giant’s research recognises the fastest-growing technology companies across the region based on revenue growth over the last four years.
The list includes tech companies from across different industries and sectors including cyber-security, digital services, healthcare, fintech, ecommerce, game developers, communications and software developers.
Deloitte said the results “prove the wealth and breadth of the scale-up ecosystems in the region, providing a glimpse of the promising future beheld.”
Among the winners spread across the region is UAE-based Radix, which describes itself as one of the world’s leading new domain registries. It has 10 new extensions that include .online, .store, .website and .site.
Through these extensions, Radix said it “is empowering business owners to get short, memorable and descriptive domain names that can be used for a website, email address, or a variety of other internet addressing purposes.”
In addition to those companies featured in the Fast 50 results, Deloitte also recognised a group of younger companies, which are included in the “Companies to Watch” listing.
These high-growth companies don’t qualify for the Technology Fast 50 list as they have less than four years of existing revenue but have shown an exceptional growth trajectory.
One such companies is Qatar-based Twyla Technology, an omnichannel tech firm operating in fintech, eHealth, eCommerce, security and audio-visual domains.
It builds business-to-business (B2B) and business-to-consumers (B2C) solutions on Artificial Intelligence and IoT Platforms. Twyla Technology is a private equity company held under the chairmanship of Sheikha Mashael Bint Hamad bin Suhaim Al Thani.
Deloitte Private Leader David Stark said: “This year’s finalists have demonstrated resilience, leadership, passion to push boundaries and adaptability to thrive in the new normal. They have a clear roadmap at the early stage where they are today and many of them are very purpose-driven.”
In its first year, the Deloitte Technology Fast 50 programme aims to strengthen the region’s technology ecosystem by celebrating and supporting business growth, innovation and entrepreneurship.
