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Third fastest growing technology company in Sweden – Deloitte “Fast 50”

PRESS RELEASE 2008-10-24

Yesterday Instoremedia received 3rd place in the Rising Star award 2008 for a 598 percentage growth in revenue over the last three years.

“This award shows that competence, will, and heart pays off. After all, we are a small company that works hard on long-term relationships to keep developing.” – Erik Andersson, CEO at Instoremedia.

On the question of how he feels to be among the top three, Erik Andersson answers:

“3rd place of the Rising Star award strengthens us in our conviction that we are on the right track and that we are constantly increasing. Next year we will be aiming for first place.”

Deloitte “Fast 50”, is a yearly ranking of the 50 fastest-growing technology companies in Sweden. The award was founded by Deloitte and is a recognition of successful and fast growing technology companies.

The award Rising Star was invented in 2004 and is like a “smaller Fast 50” for the 25 fastest growing technology companies who have been active for 3-5 years. The award covers both public and private companies in all areas of technology, from internet specialists to life sciences, computers to semiconductors, software to telecommunications.

The companies are nominated regarding to the same criteria as the Fast 50 companies except that the winner is based on percentage growth in revenue over the last three years instead of five.

According to Deloitte, the following criteria have to be fulfilled for a company to qualify as Rising Star:

  1. The company must be considered a technology company, which is defined as:
    a) Develop proprietary technology which represents a substantial part of the company’s net sales, or
    b) Produce technology, or
    c) Devote a high percentage of its effort to science and development of technology.
  2. Net sales has to exceed EUR 50 000 for the first year of three.
  3. The company needs to have been active for at least 3 years.
  4. The company has to be Swedish.

Instoremedia AB
Kungsholmstorg 16
SE-112 21 Stockholm
Contact: Mikael Ekstrand, marketing & sales manager
Phone: +46 8 518 00 862

Instoremedia is an awardwinning* supplier of complete solutions for digital signage. The company was founded in 2004 and focuses on development and distribution of digital signage for marketing and information for retail, inhouse, public areas and much more. Customers are for example TeliaSonera, Telenor, Copiax, Hemmakväll, Yamaha, Teknikmagasinet, and The Phone House.

* Microsoft “.Net Awards 2006”, NEC “Best solution of the year 2008”

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