T-VIPS has been placed thirtieth on the Deloitte Technology Fast 500 EMEA 2010. Rankings are based on percentage revenue growth over five years and T-VIPS grew 3133% during this period.
T-VIPS CEO, Johnny Dolvik, credits T-VIPS’ innovative approach combined with a focus on providing solutions that answer real business needs for the company’s impressive growth over the past five years. He said: "This award is testament to our innovative approach to video transport, for instance we have pioneered the use of the JPEG2000 codec in the broadcast space.”
The Technology Fast 500 list is compiled from the Deloitte EMEA Technology Fast 50 programmes, 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.
Dolvik concluded: “Of course, being innovative on its own does not guarantee success. We have been very careful to make sure that our innovative solutions answer real world business problems and do so in an efficient manner. I think the growth rate of 3133% shows that we have got it right over the last five years!"
In addition to ranking in the Deloitte Technology Fast 500, T-VIPS ranked 4 in the Norway Deloitte Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the country. Overall, companies that ranked on the Deloitte Technology Fast 500 EMEA 2010 programme had an average growth rate of 1192%.