Earlier today Deloitte Israel announced the 50 fastest growing technology companies in Israel based on percentage revenue growth over a five-year period. The 10 fastest growing companies overall were Pontis, Tufin Technologies, Kontera, Telmap, Safend, Algosec, Promisec, Imperva, cVidya, and SuperDimension.
Pontis, a telecom company that provides contextual marketing and selling, had a revenue growth rate of 5,500% while overall the Fast 50 companies had an average growth rate of 740%. 61% of the companies are in the software and Telecommunications/Networking sectors. Just as impressive as the 17 software companies listed, six Internet companies also made the list this year, making up 12% of the winners. The six is double last year’s amount (three) and triple the amount from the previous year (two).
The Internet companies on the list included Kontera, Answers.com, PicScout, Babylon, IncrediMail, and MediaMind Technologies (formerly EyeBlaster). The average growth of the sector is 762%. Along with the recent purchases of Dapper (by Yahoo!), 5min (by AOL), and QuickSee (by Google), it definitely seems that Israel’s Internet sector has come of age.