Mon. Jun 17th, 2024
Portugal ranked in global technology assessment

Deloitte’s “Fast 500 EMEA” list includes 16 Portuguese companies among the 500 fastest-growing technology companies in Europe, the Middle East, and Africa. These Portuguese startups have experienced significant growth, with an average increase of 810 percent over three years. Surprisingly, around 30 percent of the companies that were featured in the first edition of the “Fast 50 Portugal” also made it onto the international ranking.

According to Pedro Brás da Silva, associate partner at Deloitte Portugal, the presence of Portuguese companies in the Deloitte Technology Fast 500 EMEA 2023 is encouraging. The fact that 32 percent of the companies from the initial Technology Fast 50 Portugal list are now part of the international ranking is a testament to their success. These companies have seen significant growth, with an average increase in employees from 229 in 2019 to 830 in 2022, representing a 262 percent growth rate.

The remarkable average growth rate of these Portuguese companies showcases the impact of innovation, scalable business models, and entrepreneurial capability. It demonstrates that Portugal has the talent and potential to host globally relevant technology companies. Sword Health, Addvolt, and Knok were among the highest-ranked Portuguese companies in the list, showcasing the diverse range of industries that these startups are operating in.

Other Portuguese companies featured in the rankings include Magic Beans, Twistag, Replai, HiJiffy, The Loop Co., Code For All, Mediaprobe, StoneShield – Engineering

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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