Catch the wind Technology Fast50 Turkey...

Winners and CEO SurveyNovember 2009

Catch the windTechnology Fast50Turkey 2009

Foreword 1

Overview 3

Technology Fast50 Turkey Program 4

The Benefits of entering the Fast50 Awards 5

Fast50 Club 7

Technology Fast50 Turkey 2009 Main Sponsor 9

Technology Fast50 Turkey 2009 Partners 10

Introduction 14

Special Award by Türk Telekom 17

Big Stars 19

Top Ten Winners in Fast50 24

Technology Fast50 Turkey 2009 Winners 34

Technology Fast50 Turkey CEO Survey 2009 49Secrets of SuccessThe Big Picture: Macro Economic TrendsCEO Personal Issues

Conclusions 63

About TMT 64

Contents

1

Foreword

We are glad to announce Fast50 Turkey 2009Winners which are ranked according to theirrevenue performance over the last five years. Inthe fourth year of the program, more thanhundred companies attended Deloitte TechnologyFast50 Turkey and 50 of them achieved to be inthe Winner list. Congratulations to those whoperformed outstanding growth performance.

Deloitte Turkey’s Technology, Media andTelecommunications (TMT) professionals work withmany technology companies across all sectors andall stages of development. We have successfullypositioned new companies for growth, butperhaps more importantly, wehave the experience and perspective to help themsustain it profitably over the long term.

Furthermore, you may also find growthperformance analysis of Turkey’s Fast50 companiestogether with these Company profiles.

We thank our main Sponsor, Turk Telekom, fortheir support in our program and theircommitment to the growth of technology sector inTurkey. This year we are together presenting “TürkTelekom Technology Special Award” to the fastestgrowing company among Fast50 Turkeycompanies that managed to make the shortlist 3times consecutively. The fastest growing companyamong Fast50 Turkey 2009 Winners, STMSavunma Teknolojileri, one again gained thisspecial award which will be presented them duringFast50 Turkey 2009 Awards Ceremony.

We are also grateful to our Research Sponsor,Interpro for their contribution and help tointroduce our program to TMT industry. We alsothank our partners in 2009 Deloitte TechnologyFast50 program, TTGV, TESID, TBD, TUBISAD, andTBV for their collaboration and support in makingthis program a success.

Deloitte Technology Fast50 Turkey Winners arenominated to be placed in Deloitte TechnologyFast500 in EMEA, which will be announced inNovember 24, 2009; we wish luck to our Turkishnominees. Congratulates to all winning companieson their notable achievements.

Oktay AktolunPartnerDeloitte Turkey TMT Leader

2 Catch the wind - Technology Fast50 Turkey 2009

Deloitte Technology Fast50 Turkey, thelocal appreciation of high growingtechnology companies and part of the globalcelebration of fast-growing technologycompanies

3

Welcome to 2009 Deloitte Technology Fast50Turkey, the local appreciation of high growingtechnology companies and part of the globalcelebration of fast-growing technologycompanies.

We are pleased to announce the winners of theDeloitte Technology Fast50 Turkey 2009, whichrecognizes the 50 most dynamic and fastestgrowing technology companies based on theirrevenue performance over the last five years. Theoverall winner this year is Biotekno with aphenomenal growth of 42416 percent.Millenicom places the second rank with anotherphenomenal growth rate of 39484 percent in2009 program, where the third winner is CEtechwith 8192 percent growth. The results this yearare so strong that the average of Top10 fastgrowing companies is about 11700 percent. Theresults are an important signal to the Turkishtechnology industry in such an economicdownturn and we are thrilled by the performanceof the winning companies

Most of the technology companies come fromİstanbul and Ankara like in the previous years. Fast50 companies are mainly in software andtelecommunications/networking sub-sector.Majority of these technology companies believethat research and development is a key factor intheir growth. We are happy to see that companieswhich spent €1M-12M in R&D in 2008significantly increased from 5% to 26% comparedto last year. Technology Fast50 Turkey 2009program’s average growth is approximately 2720percent which indicates that these technologycompanies are committed to growth.

We asked the CEOs of this year’s TechnologyFast50 Turkey firms about their hopes, challenges,and ambitions. The survey reveals full range ofbusiness challenges, from strategy and marketingto operations and finance. The questions alsolooked at the growth prospects for individualcompanies and the economy overall as well aspersonal issues of particular relevance to CEOs.Results are compared to Deloitte TechnologyFast500 CEO Surveys conducted in Asia Pacific,EMEA, North America in 2008 and the results alsoportray four-years-trend in the answers of Fast50CEOs in Turkey.

The current state of play in world financialmarkets will provide both challenges andopportunities to this year’s top50. We think thefollowing factors will be critical to the continuedgrowth and success of these companies:

• Managing and forecasting cash flows andfunding requirements

• Optimizing financial structure and managinginternal structures with agility to maximizeopportunities and adapt to changing marketconditions

• Increase corporate governance• Create sound business strategy• Attrack and retain highly skilled and motivated

stuff• Develop new products and expand into new

markets

It is inspiring to learn about the companies thatparticipate in the Deloitte Technology Fast50program and I hope reading about themencourages you in pursuit of business success.

We wish all of the participants in the Deloitte Fast50 program continued success in 2009 andbeyond.

Catch the wind - Technology Fast50 Turkey 2009

Ebru TuygunTechnology Fast50Turkey CountryManager

Overview

4

To be eligible for Deloitte Technology Fast50,companies must meet the following criteria:

• to be a technology company defined as:- develops proprietary technology which

contributes to a significant portion of thecompany’s operating revenues

- manufactures a technology-related product- devotes a high percentage of effort to

research and development of technology

• to be in business for a minimum of five years

• parent company must be Turkish owned andheadquartered in Turkey

• operating revenues must be at least Euros50,000 for 2004 and 800,000 Euros in 2008.

Deloitte Technology Fast50 is part of a globalFast500 program run in parallel with the USA,Canada, United Kingdom, France, Norway,Sweden, The Netherlands, Germany, CentralEurope, Israel, South Africa, China, Australia,Hong, Kong, India, Japan, Korea, Malaysia, NewZealand, Singapore, Taiwan, Thailand, SouthKorea and Finland.

For Further information please visit our websites:

www.deloitte.com.tr/fast50 andwww.deloitte.com/fast500emea

The program celebrates Turkey's fastest-growinghigh-technology companies. The awards identifythe trends that are shaping the technology, mediaand telecommunications sectors today.

Based on percentage revenue growth over a fiveyear period, the program ,includes all relatedindustry sectors:

• software • semiconductor/equipment • communications/networking• internet • life sciences/biotech• computer/peripherals • media/entertainment


Technology Fast50 Turkey Program

Deloitte Technology Fast50 is aprogram that recognizes andprofiles fast growing technologycompanies

5

Technology Fast50 winners receive exposure andrecognition upon release of the rankings fromboth the media and business communities. Thebenefits are significant:

• Networking opportunity with other growingTurkish technology companies and businessorganizations at our awards ceremony.

• Networking opportunity with other growingtechnology companies and businessorganizations from around the world throughDeloitte and the regional Fast500 programs.

• Access to leading edge industry research andcommentary.

• Recognition from the business and financialcommunity.

• Benchmarking against similar companies.

• Increased attention from the business andinvestment communities.

• Media coverage.

• Become exclusive member of Fast50 Club

In addition, all Turkish Deloitte Technology Fast50winners are invited to Deloitte Technology Fast500EMEA to network with other top-tier executivesfrom the fastest-growing technology companies inEMEA.


The benefits of entering the Fast50 Awards

7

What is Fast50 Club?• It is an exclusive community of the CEOs of Fast50 Turkey Winners.

What do they do?• Come together every three months, network and discuss hot topics in TMT sector.

Meetings we have conducted so far:

1. Deloitte - Republic of Turkey Prime Ministry Investment Support and Promotion Agency (ISPAT),February 22, 2009, Deloitte Ofis İstanbul

2. Deloitte - UK Trade Investment September 25, 2009, British Consulate General İstanbul

The presentations done in these meetings can be reached at www.deloitte.com.tr/Fast50


Fast50 Club

Join the fast network

9

Türk Telekom Group, provides integratedtelecommunication services from PSTN and GSMto broadband internet. As of 30 June 2008, TürkTelekom group companies has 17.8 million fixedAccess lines, 5.2 million ADSL connections and 11million GSM subscribers. Group companies has amodern network infrastructure covering the wholecountry and offers a wide variety of services toresidential and commercial customers all overTurkey. Apart from 81 % shares in Avea, one ofthe three GSM operators in Turkey, Türk Telekomowns 99.9 % of TTnet, Argela, Innova, Sebit A.Ş.and AssisTT companies. Türk Telekom also has aminority share in Albtelecom, the Albanianincumbent telecom operator. 55 % of TurkTelekom shares belong to Ojer TelekomünikasyonA.Ş. and 30 % belongs to Turkish Treasury. Theremaining 15 % is publicly traded. Türk Telekomshares are listed in İstanbul Stock Exchange sinceMay 2008. Türk Telekom will continuedeliveringhigh speed, high quality and economical servicesto its customers anywhere, anytime throughcustomer-focused integrated communicationsolutions.


Technology Fast50 Turkey 2009Main Sponsor

Türk Telekomünikasyon A.Ş.

Address Aydınlıkevler 06103 Ankara

Tel +90 (312) 313 11 21 - 555 10

Fax +90 (312) 313 19 19

Web address www.turktelekom.com.tr

E-Mail [email protected]

10

Interpro Holding, International ProfessionalPartners for Investment and Management, isTurkey’s new investment and managementcompany which has a team of highly qualifiedexperts and professionals with more than thirtyyears of executive experience.

Our mission is to support entrepreneurs whoprioritize innovation, develop technologies andwho transform genuine ideas to commercialproducts and services, to help them grow andflourish, and bring them together with local andforeign investors.


Supporting R&D and technological innovationprojects of the private sector in Turkey since 1991,TTGV is a successful example that Turkeyindroduced in Europe; an innovative and dynamicintermediary mentioned in EU LisbonCommunique as an organization required to reachpublic R&D support to private sector. TTGVprovides long-term credit that is repaid by thecompanies and that requires cumpulsorycontribution of the companies to all costs incurredin the project. By this way, the public funds aredirected to R&D projects more effectively throughthe "multiplier effect" of the revolving fund.

Technology Fast50 Turkey 2009Partners

Information

AddressCyberplaza B-Blok Kat:5-6 Bilkent / Ankara

Tel +90 (312) 265 02 72

Web address www.ttgv.org.tr

Information

Address

Gazeteciler Mah. Saglam FikirSok. No: 23 Esentepe 34394Şişli İstanbul

Tel +90 (212) 212 31 22

Web address www.interpro.com.tr

11Catch the wind - Technology Fast50 Turkey 2009

Aiming at “a Turkey that is transformed toinformation society”, TBV, continuously works foraccelerating the process of transforming Turkeyinto an information society. TBV also continuesinforming and making all the sections of thepublic conscious for disseminating the ICT cultureto everyone, for increasing the computer literacy,and for providing the necessary infrastructure forinformation to be freely moved and shared. It isalso aimed that the share of ICT investments in thegeneral economy will reach the average EUmember countries’ and needed information andcommunication technologies support will beprovided for restructuring the government.

Working for promoting usage of internationalquality standards and software developmentmethodologies and tools aong softwareproducing companies, TBV also supports theestablishment of technoparks in order toencourage R&D activities in the ICT sector besidescreating models for academy-industrycooperation.

TESİD has completed its establishment in 1989 by24 founder members upon the incitement of theauthorities of the Ministry of Industry and Trade bythe Representatives of Electronic Industrycompanies, Universities. Presently, TESID has 158members belonging 90 different industrialcompanies and its membership is open to allcompanies working in the field of electronicindustry, information technologies and relatedservice sector who pruduce good and/orimplement R&D in Turkey.

The Electronic Industries in Turkey are organized inan independent association in order to deal withthe common interests of the individual companies.It is our wish to develop TESİD into anorganisation which is perceived as;reliable,innovative, independent, continious, liberaland participative by its members and thecommunity.

Information

Address

Halk sokak No: 35, GoldenPlaza F Blok, Kat : 2 Daire 6Sahrayıcedit Kadıköy / İstanbul

Tel + 90 (216) 467 04 99

Web address www.tbv.org.tr

Information

AddressBağdat cad. No:439/4 34740Suadiye/İstanbul

Tel +90 (216) 463 27 00

Web address www.tesid.org.tr

Turkish Informatics Industry Association(TUBİSAD), established in 1979 dedicated to thegrowth of ICT Industry in Turkey, has a group ofmembers comprising of nearly 180 veryprestigious ICT companies of which are SoftwareDevelopers, Hardware Manufacturers, Hardwareand Software Distributors, TelecommunicationCompanies, System Integrators, Local Subsidiariesof IT and Communication multinational companiesand/ or Consultants.

The primary objective of TUBISAD is to act for thegrowth of ICT industry in Turkey, to be the voice ofICT industry in Turkey and to develop and fosterrelations with counter parties globally.TUBISADaim to encourage, inform and direct its membersand the sector to keep up with currentdevelopments in the World and in Turkey, andthus promote investment and create businessalternatives.

Informatics Associations of Turkey (IAT) has beenestablished in 1971 and currently have reached tofive thousand members. IAT which is the oldestICT association, is also the only institution inTurkey, which intends to embrace all informationsystems professionals as well as those otherprofessionals who benefit from and associatethemselves with information systems in anymanner when performing their respectiveprofessions. The principal goal of IAT is to help theadvancement of theory and practice of computerscience and related sciences and technologies inTurkey and to promote widespread utilization ofinformation systems in the country in order toreach to the ideals of information society.


Türkiye Bilişim Derneği

Address

Çetin Emeç Bulvarı 4.caddeNo:3/11-12 A.Öveçler 6450Ankara

Tel +90 (312) 479 34 62

Web address www.tbd.org.trTÜBİSAD

Address

Yıldız Posta Cad. DedemanTicaret Merkezi No:52 Kat 1.Gayrettepe 34340 İstanbul

Tel +90 (212) 275 52 52

Web address www.tubisad.org.tr

14

Fast50 Winners Geographical Distribution


12%2% 2%


84%

12%2% 2%

İstanbul Ankara İzmir Kayseri


Introduction

Fast50 Winners Geographical distribution

In the fourth year of the program, İstanbulcontinues to produce the highest number of fastgrowing companies with 84 percent. Ankarafollowed İstanbul with 12 percent. This year wewitness for the first time some presence fromKayseri (%2).

Industry Segments

44%

6%

4%

22%

2%

Industry Segments

44%

22%

6%

4%

22%

2%

SoftwareTelecommunications/NetworkingComputers/PeripheralsInternetOther (please specify)Software, Telecommunications

Industry Segments

Fast50 Industry segmentation

Like previous years, Winners are mostly softwarecompanies (44%).Telecommunications/Networking firms followSoftware companies with 22 percent. Share of“Computer/Peripherals” winners is 6 percent,slightly decreased from last years’ results (8 percent).

15

Fast50 Winners R&D

Fast50 Winners Growth Rate Distribution


Research and Development

This year the number of companies which investresearch and development €1M-12M significantlyincreased from 5% to 26% compared to last year.This is an important sign that shows technologycompanies gradually becoming more committedto innovation. On the other hand we see thatcompanies spent €100K-500K or €500K-1Mslightly decreased compared to previous years.

60

40

50 2007 2008 2009

20

30

0

10

0

€100K or less €100K - 500K € 500K - 1M € 1M - 12M

Growth Rate

This year we witness significant increase in thenumber of companies which grew more than1000 percent between the years 2004-2008 anddoubled the number compared to last year results(28 percent in 2009, 14 percent in 2008). There isalso increase in the number of the technologycompanies which grew between 500-1000percent in 2009 (22 percent in 2009, 16 percentin 2008). In 2009, none of the companies’ growthrate is in between 50-100%.

35 2007 2008 2009

30

2007 2008 2009

25

20

25

20

15

10

5

00

50-

100

250

500

100-100%

0-250

0-500

0-100

00% % 0% 0%

00%

or mmore

Revenue Levels

The number of technology companies withrevenues 30 Million Euros and more is graduallyincreasing in Technology Fast50 program; it was14.5 percent in 2007, 20 percent of in 2008 andthis year it is 24 percent of the winners. €10-30million earners slightly decreased to 16%, whereas companies that have revenues in between€5M-10M, €2M-5M and€2M or less are evenlydistrubuted as 20%.

35

30

35

2007 2008 2009

25

30

35

2007 2008 2009

20

25

30

35

2007 2008 2009

20

25

30

35

2007 2008 2009

15

20

25

30

35

2007 2008 2009

10

15

20

25

30

35

2007 2008 2009

10

15

20

25

30

35

2007 2008 2009

5

10

15

20

25

30

35

2007 2008 2009

0

5

10

15

20

25

30

35

2007 2008 2009

0

5

10

15

20

25

30

35

€ 2M or less € 2M-5M € 5M-10M € 10M-30M € 30M or more

2007 2008 2009

0

5

10

15

20

25

30

35


2007 2008 2009

0

5

10

15

20

25

30

35


2007 2008 2009

Fast50 Winners Revenue


“Türk Telekom Technology Special Award” is presented to the fastest growing company among Fast50Turkey companies that managed to make the shortlist 3 times consecutively.

STM Savunma Teknolojileri Mühendislik ve TicaretA.Ş. is the leading systems and softwareengineering & consultancy company in Turkeyserving the defence, public and naval sectorsthrough the innovative applications of technologyand its accumulated field knowledge.

STM, which is a SEI Capability Maturity ModelIntegration (CMMI) Level 3 company, has also ISO9001:2000, NATO AQAP-160 and TS ISO/IEC27001 certificates.

STM employs around 340# specialized staff withexpertise and education spanning over a widespectrum of specialties, since STM’s basic objectiveis to bring solutions to the changing technologicalrequirements of its customers.

Special Award by Türk Telekom

Winner

STM

CEO Recep Barut

Address

Mecnun Sk. No:58Beştepe, 06510 Ankara

Tel +90 (312) 223 68 00

Web address www.stm.com.tr

Growth 1365%


Established in 1975; the mission of Aselsan is toenhance the value of national resources in itsfields of operation to preserve peace; bydeveloping genuine products reflecting the edgetechnologies in order to meet the requirements ofthe Armed Forces. Aselsan maximizes its efforts toprovide the most favorable solutions in terms ofprice-time-quality and to expand the exportportfolio and thus, to attain the ultimate goal ofbeing one of the major defense establishments ofthe world.

Aselsan, provides high-tech system solutionsglobally competitive in terms of price/performancecriteria for land, airborne, naval and aerospaceapplications in the fields of; Military & ProfessionalCommunications, Electronic Warfare Systems,Defense and Weapon Systems, Naval CombatSystems, Fire Support Automation Systems,Command-Control Systems, Electro Optic Systems,Navigation and Guidance, Avionic Systems andTraffic Management Systems

By 2008, Aselsan employs more than 3100personnel half of which are engineers. More than1000 engineers work on our R&D projects.By taking into consideration the vital importanceof R&D activities, Aselsan allocates 7% of itsannual turnover to R&D projects every year.

Big Stars

Information

CEO Mehmet Çavdaroğlu

AddressM. Akif Ersoy Mah. 296. Cad.No:16 Ankara

Tel +90 (312) 592 1000

Web address www.aselsan.com.tr

Revenue 372.354.750

Growth 90%

1. Aselsan

This category is new to this year’s program and recognizes companies that have achieved 50.000.000 €or more during fiscal year 2008 and a separate ranking will be announced for Big Stars based on their 5-year-growth, demonstrating that even large companies can remain nimble, posting impressiveyear-over-year growth. These companies have to devote a high percentage of effort and money toresearch and development of technology and develop or own proprietary technology that contributes toa significant portion of the company’s operating revenues.


Multinet Kurumsal Hizmetler A.Ş. is established inİstanbul, in 1999, with the idea to solve corporateneeds with smart card technology, for the firsttime in the world. Initially, Multinet, turn voucherssystem, which companies use to meet the foodexpenses of their employees, into electronicpayment system. This service, which is calledRestonet, formed the first step of “multiplenetwork” meaning and “single card countlessservice” mission, which lies under the name of“Multinet”.

Multinet, established the first giftcard system inTurkey, in 2004. Multinet Giftcard, offersalternatives such as Social Responsibility Card,Market Card and Brand Card, which can be usedby both corporations (to reward employees) andindividuals (to gift).

Multinet Smart Cards, that offer value-addedservices to both employers and employees,provides facility in payout, auditing, security, andaccounting in these kind of expenses. Effectivecontrol is created in the usage of Multinet SmartCards. If the card is lost or stolen, Multinet givesback the remaining balance to the card user.

Multinet has got 26.000 pos terminal in affiliatedpartners such as; restaurants, hotels, gas stationsand stores all over Turkey. Multinet furnish servicesto 10.000 corporate customers, and MultinetSmart Cards are being used by 300.000 peopleevery day.

Information

CEO Uğur Yıldırım

Address

Fulya Mah. Mevlüt PehlivanSokak No:12 Multinet PlazaŞişli / İstanbul

Tel +90 (212) 336 88 00

Web address www.multinet.com.tr

Revenue 190.598.485

Growth 282%

2. MULTINET


Datateknik, one of Yıldız Holding’s companies,was established in 1989.

With a total of 300 employees Datateknik is activein the sector with the Exper trademark which italso produces. Hardware, system integration, IThardware integration, software, consultancy (ERPprojects), mobile solutions, technical support andoutsourcing services, Broadcasting solutions andsolutions are other fields it provides services.Datateknik started the production of Exper PC in1993. The company, whose production capacitywas 100 PCs per day when it started production inthe beginning of the 90s, is aiming to bring thisnumber up to 100 laptop and 600 desktopcomputers per day as of 2008.

Datateknik has a market share of %15 itscategory. Being among the biggest 500 industrialestablishments, the company has also been placedin first place in the Informatics 500 placements in2006 and 2007, in the category of PersonalComputer Product. Besides, Exper receiving theComputer of the Year award in 1995 has alsobeen awarded the Personal Computer of the Yearin 1996. Again in the same year it was the firsttrademark in the sector to receive the ISO9000certificate. The company has won the Bill GatesProject of the Year award in the “2000 Solutions”project in 2000. And in 2005, Datateknik hasbecome the fastest growing 21st company ofTurkey. As of today, it has almost 800 distributors.

Datateknik is planning to become the mostreliable and leading informatics solutions providerof Turkey. In this aspect it is aiming to increase itsmarket share to 25 percent in 2012.

Information

CEO Mehmet Yolcu

Address

Çobançeşme Mah. GençOsman Sk. No:14 Yenibosna / İstanbul

Tel +90 (212) 496 00 00

Web address www.datateknik.com.tr

Revenue 259.080.041

Growth 451%

3. Datateknik

22

HAVELSAN develops its core capabilities in;

1. Command, Control, Communication,Computer, Intelligence, Surveillance,Reconnaissance (C4ISR) Systems

2. Training, Simulation, Test and EvaluationSystems

3. E-Government applications

4. Homeland Security System

HAVELSAN is the informatics and systems houseof Turkey, serving IT and defense marketsworldwide.

In Turkey, HAVELSAN leads the IT market with aremarkable share. Currently employing around1232 employees and most of them are electronicand software engineers.

HAVELSAN was assessed and certified for ISO9001, AS 9100, ISO 14001.

The vision of HAVELSAN is to develop integratedsolutions for armed forces, reel sector andgovernment institutions by utilizing state of the arttechnologies in Turkey and in the internationalmarket.


Information

Chairman of the Board Hayrettin Uzun

AddressMustafa Kemal Mah.Eskişehir yolu 7.km Ankara

Tel +90 (312) 219 5787

Web address www.havelsan.com.tr

Revenue 109.798.477

Growth 314%

4. HAVELSAN

23

Koç.net was founded in 1996 with the purpose ofestablishing a broadband network and theInternet infrastructure of Koç Group companies.The name of the company was changed toKoç.net Communication Technologies and Servicesin August 2000, as the company continued itsrapid development in broadband network and theinternet infrastructure area.

Koç.net provides access services, security services,hosting and ASP services, campus services,multimedia services, data services including VISPservices with its high technology and nation-wideinfrastructure and voice services to its corporatecustomers by the A type “Long DistanceTelephone Services License” (UMTH) granted bythe Telecommunications Authority in 2004.

Koç.net is especially focused on meeting localneeds of international players within EMEA andCaspian countries with the expertise and in-depthknowledge of telecommunications infrastructure.www.koc.net

Koç.net has been providing ADSL and telephoneservices to the individual market since August2008 with its brand named BiRi. www.biri.com.tr


Information

CEO Mehmet Ali Akarca

Address

Ünalan Mah. Ayazma Cad.Çamlıca İş Merkezi B3 BlokÜsküdar / İstanbul

Tel +90 (216) 556 30 00

Web address www.koc.net

Revenue 63.631.221

Growth 315%

5. Koç.net


Top Ten Winners in Fast50

Since its foundation, BİOTEKNO has been apioneering trademark of the national mobilecommunications sector. The Predominant drivingfactor for this success lies underneath theemphasis and faith in team spirit which allows itto make the best use of a wide spectrum ofdiverse opinions and give birth to a synergeticproduction environment.

BIOTEKNO is specialized in Value Added Services(VAS), which develops mobile business concepts,services, solutions, and technology to its clients.

JetKontör which is one of the brands, is aVodafone Turkey Virtual Voucher Loading Platformbased on B2B wholesale selling. JetKontör is thebiggest virtual voucher loading platform of Turkeywhich is penetrated over Vodafone Shops and subretailers over 11.500 sale points.

On the other hand, JetSMS which is second brandof BIOTEKNO, is a total mobile solution platformfor SMS based solutions needs, as “Fastest,Easiest, Safest” for corporate and individual usage.

JetSMS, is a platform that has bulk SMS andinteractive SMS capabilities in a wide range ofusage, includes all services for sending andreceiving SMS is centralized on this platform.

Information

CEO Ahmet İlhan Öney

Address

Küçükbakkalköy Mah.Kayışdağı Cad. No:119 / 3Ataşehir / İstanbul

Tel +90 (216) 576 38 48

Web address www.biotekno.biz

Growth rate 42417%

1. BİOTEKNO


1045, which scored a unique success with its over2.000.000 users in a short time, keeps itsleadership in the market. It is also the firstcompany in Turkey who presented calling cardsand call shop businesses. Millenicom Turkey hasentered ADSL market in May, 2009 with “DopingADSL2+” which has its own infrastructure. It hasalso started providing local calls since May 10th,2009.

Millenicom Turkey, having interconnections withover 80 telecom operators worldwide, can presentits unchallenged sound quality to all its customersthanks to its international experience andwidespread operation network.

Millenicom, presenting economical and highquality service in telecommunication field, reflectsits international experience achieved especially inEurope telecommunication market to its entireworks in our country. Millenicom Turkey, whichstarted its operations in 2004, has respectablebrands like Alovatan and Mobi while protecting ismarket leadership in various European countries indifferent fields of telecommunication industry.

Millenicom Turkey, which has A Type LongDistance Phone Service (LDPS) and Internet ServiceProviding (ISP) licenses given byTelecommunication Foundation, presents veryhigh quality and economical voice service withinterconnection processes completed withTelekom, Turkcell, Vodafone and Avea as well ashigh speed and performance broadband internetaccess across the country.

Turkey’s Telecommunication ExpertMillenicom Turkey is providing pre-selectiontelecommunications services to more than 30.000corporate customers and expanding at a high ratewithin new customers. The Company, whorealized Turkey’s first Call by Call service inSeptember 2007, gives all its users the opportunityto make calls with high sound quality with itsadvantageous tariffs.

Information

CEO Şevki Kuyulu

Address

4. Levent Sanayi Mahallesi Manolya Sokak, No: 3, Kat: 234416 Kağıthane / İstanbul

Tel +90 (212) 385 03 00

Web address www.milleni.com.tr

Growth rate 39484%

2. Millenicom


The major actors we serve for are the ones in thecommunications sector. Internet is the coredistribution channel of our service and productsthat can be grouped in four categories: Mobilecontent, game, social networks and informationservices. Mobil content includes successful servicessuch as Ringofon and Cebin.de; social networkssuch as Garanti Arkadaş and Muzik.Net;information services such as “what is the secret oflife?” and Astrozena; and game service such asThe Last War.

Observing the needs and opportunities in themarket, CETECH follows a programmed processwhile converting a new idea into a value-addedservice. CETECH team meticulously builds thestages of the process within the framework ofboth fundamental and CETECH’s particularstandards. The services developed by using cuttingedge mobile-based and web-based technology,reflect the vast experience of CETECH team. Theservices are distributed over an interactive mediamarketing network.

CETECH (CE Data Processing and TechnologyServices Co.), the leading provider of value-addeddigital entertainment products & services in ourmarket, successfully leverage on GSM operators'gearing up for a major push into the digitalcontent sector which has rapidly emerged as acritical competitive flashpoint affecting the entiretelecom supply chain.

CETECH, excelled at aggregating marketappropriate content and blending technicalexpertise with real world experience, providesentertaining applications and services acrosscurrent and third generation handsets andnetworks. Delivering service to more than 10million people, CETECH achieved the leading placeamong competitive actors in the sector.

Information

CEO Oğuz Önel

Address

Büyükdere Caddesi, 61 USOCenter Kat:17 Maslakİstanbul

Tel +90 (212) 330 04 50

Web address www.cetech.biz

Growth rate 8193%

3. CETECH


Mobiliz Vehicle Tracking and Fleet ManagementSystem is an integrated system that satisfies therequirements of both individuals and enterprisesfor the detailed monitoring of the fleet in themobile environment using Global PositioningSystem (GPS), mobile access of companydatabase, provision of two-way real-timeinformation transfer, job assignment and severale-business applications.

Mobiliz Vehicle Tracking and Fleet ManagementSystem besides standard vehicle tracking featuresallows businesses to improve specific solutionsaccording to their needs. Applications includeintegration of temperature/humidity and doorsensors to the the system to monitor temperaturelimits of the cold chain or receive alerts onviolations.The system also allows to create specialregions or stations categorized for jobassignments on digital maps for real-time alerts ofunauthorised driver activity - such as out of hoursusage, or visiting restricted locations and manymore.

Mobiliz Information and CommunicationTechnologies Inc. was founded in 2004 by atechnical staff whose experience in the sector ismore than 20 years to develop integrated systemsolutions in telecommunications and informationtechnology fields in parallel with the latesttechnological advances. Mobiliz provides webbased high-tech system solutions basically in thetelematics field to professional user groups toachieve e-business intelligence.

Mobiliz, the market leader in vehicle tracking andfleet management system in Turkey was prefferedby more than 2.500 customers including BP, Shell,Petrol Ofisi, The Pepsi Bottling Group, Coca-ColaAlmaty Bottlers LLP, Central Bank of the Republicof Turkey, Ziraat Bank, Renault-Mais, TNT, Fedex,Gefco, Ceva, Borusan, Demirören, Banvit, Erikli,Knauf, İkea, Acıbadem, Medicana, Medline andmany more on more than 40.000 vehicles.

Strengthened by a staff of specialists, Mobiliz isthe gold partner of Turkcell since 2006. Besides itsHead Office and R&D Department located inAnkara, Mobiliz has a Branch Office in İstanbul.Mobiliz is capable of providing aftersales servicethroughout the whole Turkey.

Information

CEO Levent Aydoğan

Address

Mustafa Kemal Mah.2127.Sok. No:38/1 MKM İşMerkezi Çankaya Ankara

Tel +90 (312) 219 70 25

Web address www.mobiliz.com.tr

Growth rate 7255%

4. Mobiliz


The Mesh Technology developed by AirTiesengineers resolves the weak signal problem inwireless communications commonly seen in multi-story, concrete buildings. In addition to manypatented AirTies technologies, AirTies now offers11N, the latest in wireless technology. All AirTiesproducts are offered with a 3 year warranty, 7/24technical support, and easy setup feature. Moreinformation is available on their website atwww.airties.com.

AirTies was formed in Feb 2004 by a managementand technical team from the Silicon Valley, USA,with the strategic intent to become the leader inEMEA. Today, AirTies develops and marketsbroadband products for home consumers andSMEs all around the world, especially Europe, infive main categories: wired, wireless, VoIP,accessories and IPTV. AirTies has more than 4million installed base worldwide and is aiming toexpand into additional broadband markets. Incontrast to their competitors who are dependanton chip companies to develop their products,AirTies designs and develops its own products andprovides direct technical support to the end users7 days a week, 24 hours a day.

Information

CEO Bülent Çelebi

Address

Gülbahar Mahallesi AvniDilligil Sokak No:5 Çelik İşMerkezi Mecidiyeköy İstanbul

Tel +90 (212) 318 62 00

Web address www.airties.com

Growth rate 5951%

5. AirTies


Digital PLANET also introduced and implementedthe concept of e-fatura (e-bill) first time in Turkeypartnering with Turkish Telecom. Thisrevolutionary application saves millions of treesand helps protecting enivorenment as well ashuge cost benefits.

Finally enterprise content management platformNetECM introduced this year makes BPM andDMS “never been so easier” making it availablefrom enterprise to midsize companies

Digital PLANET is the top leading company in thearea of Customer Communication Management,Document Composition, Archiving andPresentment in Turkey.

Digital PLANET who introduced personalizeddocuments concept into the market holds 85%market share.

Digital PLANET not only provides extensive andreliable solutions but also produces uniquetechonologies. Our CCM solutions inherits a verypowerful document archiving/presentmenttechnology called NetVault. It can model onepage document with only 0.5KB in an enycrptedand compressed native format. This means 2million pages can be stored in 1 Gb disk space andbe presented on the fly in various formats suchsPDF, GIF, TIFF. This unique technology alsoprovides -first ever- high volume digitally signedPDF compression (between 90-99%) archival andpresentment.

Information

CEO Adnan Vural

AddressÇiftecevizler Gönen Sok 7/4Şişli 34381 İstanbul

Tel +90 (212) 220 6732

Web address www.dtp.com.tr

Growth rate 4840%

6. Digital PLANET


Founded in 2003, Mobisis is the leader forEnterprise Mobility Solutions in Turkey as the onlyPremier Business Partner of Motorola. Focused onAuto ID and Data Capture solutions, Mobisisworks directly with Motorola EMB, Zebra andDatamax to provide enterprise customers mobility,warehouse automation, mobile sales,manufacturing automation, RFID and barcodeprinting solutions. Mobisis has extensiveexperience on SAP, Oracle, AS/400 integratedsolutions. Mobisis is the Professional ServicesProvider of Motorola, and provides themanufacturers warranty for Zebra and Datamaxprinters in Turkey. Mobisis has been the preferredpartner of the top logistics, cargo and retailcompanies, supporting over 15.000 terminals andprinters on the field.

Information

CEO Suat Eser

Address

Gazeteciler mah. Hikaye sk.Yapıt İş Mrkz. No:7 / 2 Şişli / İstanbul

Tel +90 (212) 272 07 47

Web address www.mobisis.com

Growth rate 3965%

7. Mobisis


GittiGidiyor signed in initiatives in Turkey as one ofthe leader e-trade firms like No Risk System(February 2001),Affiliate Program by paying perclick (August 2005) and mass media campaigns ine-trade (November 2005).

The world's largest online marketplace eBay hasbecome a minority shareholder of GittiGidiyor inMay 2007.

As the 37th country where eBay has localpresence, Turkey is highly attractive market in e-trade with more than 17 million internet users -one quarter of Turkey's population - and a strongaffinity for online commerce.

GittiGidiyor.com is the most frequented Turkishshopping mall with more than 2 million registeredusers, over 450 thousand daily visitors and over900 thousand listings at any given time.

No Risk System is a pay & approve system ofGittiGidiyor which provides safety platform for e-trade was invented by GittiGidiyor in 2001.Through No Risk System buyers shop withouttaking any risk by testing the purchased productduring 3 days. GittiGidiyor has undersigned morethan 4 million transactions with No Risk Systemsince its inception and e-trade habits are improvedin Turkey.

Over 350 thousand sellers can reach hundred ofthousand customers 7 days 24 hours non-stop allaround in Turkey with GittiGidiyor's hightechnology infrastructure, services designed fordifferent seller profiles and intense advertisingactivities.

Information

CEO Cenk Angın

Address

Eskiüsküdar Cad. ÇayıryoluSok. Partaş Center No:1İçerenköy / İstanbul

Tel +90 (216) 575 01 00

Web address www.gittigidiyor.com

Growth rate 2286%

8. Gittigidiyor


STM, which is a SEI Capability Maturity ModelIntegration (CMMI) Level 3 company, has also ISO9001:2000, NATO AQAP-160 and TS ISO/IEC27001 certificates.

STM employs around 340# specialized staff withexpertise and education spanning over a widespectrum of specialties, since STM’s basic objectiveis to bring solutions to the changing technologicalrequirements of its customers.

STM Savunma Teknolojileri Mühendislik ve TicaretA.Ş. is the leading systems and softwareengineering & consultancy company in Turkeyserving the defence, public and naval sectorsthrough the innovative applications of technologyand its accumulated field knowledge.

STM operates basically in defence, public andnaval sectors in the following three business areas;

• Engineering and Consultancy Services• Product Development Projects• Acquisition Services

Information

CEO Recep Barut

AddressMecnun Sok. No:58 Beştepe, 06510 Ankara

Tel +90 (312) 223 68 00

Web address www.stm.com.tr

Growth rate 1365%

9. STM Savunma Teknolojileri


BIS’ talented pool of people who possess both on-the-job expertise and project management skillswork closely with clients every step of the way tohelp projects be delivered on time and withinbudget. Today many leading enterprises rely onBIS for their mission-critical business solutions. Thecompany was recognized as one of the top 10fastest-growing software companies on the 2007Interpromedya Top 500 ICT Companies Ranking ofTurkey.

Founded in 1994, BIS is a leading technology andservice provider delivering packaged applicationsolutions as well as custom softwaredevelopment, frameworks, integration, migrationand consulting services. The company providesindustry-specific business solutions for financial,energy, and professional services companies tohelp them go beyond their competition. BIS’ corebusinesses include banking, capital markets,lending, human capital management andinfrastructure. Over the years, BIS has gatheredthe ability and scale to create innovative businesssolutions that address specific client needs forreliable, low-risk, high-performing, and stablesolutions with reduced cost of ownership.

Information

CEO Ülkü Bıyık Ünal

Address

Eski Üsküdar Cad., VIPCenter, Kat: 2, Kozyatağı,34752, İstanbul

Tel +90 (216) 469 87 39

Web address www.biscozum.com.tr

Growth rate 1342%

10. BIS


Company Name Company Website Country Technology Sector

Airties www.airties.com İstanbul Telecommunications/Networking

Anadolu Bilisim www.abh.com.tr/ İstanbul Other

ASIS www.asis.com.tr İstanbul Other

Banksoft www.banksoft.com.tr İstanbul Software

BIS www.biscozum.com.tr İstanbul Software

Bilgi Sistemleri www.bilgisistemleri.com.tr İstanbul Software

Biotekno www.biotekno.biz İstanbul Software/Telecommunications

Bircom www.bircom.com İstanbul Telecommunications/Networking

Birim Bilgi www.birim.com.tr izmir Software

Bizitek www.bizitek.com İstanbul Software

Borusan Telekom www.borusantelekom.com İstanbul Telecommunications/Networking

Cetech www.cetech.biz İstanbul Telecommunications/Networking

Çözüm Bilgisayar www.cozumbil.com.tr Ankara Software

Data Market www.datamarket.com.tr İstanbul Other

Datateknik www.datateknik.com.tr İstanbul Computers/Peripherals

Defne www.defne.com.tr İstanbul Software

Digital Planet www.dtp.com.tr İstanbul Software

EES www.ees.com.tr Ankara Software

Elkotek www.elkotek.com.tr İstanbul Telecommunications/Networking

Elsys www.elsys.com.tr İstanbul Software

Euromessage www.euromsg.com İstanbul Software

Experteam www.experteam.com.tr İstanbul Other

Figen Yazılım Evi www.figensoft.com İstanbul Software

Gantek www.gantek.com İstanbul Other

Gittigidiyor www.gittigidiyor.com İstanbul Internet

Havelsan www.havelsan.com.tr Ankara Software

Technology Fast50 Turkey 2009Winners*

* in Alphabetical Order


Company Name Company Website Country Technology Sector

Hitit Bilgisayar www.hititcs.com İstanbul Software

Hitit Bilgisayar HizmetleriDış Ticaret www.hititcs.com İstanbul Software

Ideal Teknoloji www.idealteknoloji.com İstanbul Other

Innova Bilisim www.innova.com.tr İstanbul Software

Intertech www.intertech.com.tr İstanbul Software

Invenoa www.invenoa.com İstanbul Software

İstanbul Pazarlama www.istpaz.com.tr İstanbul Computers/Peripherals

Koc.Net www.koc.net İstanbul Telecommunications/Networking

Magiclick www.MagiClick.com İstanbul Internet

MCD Telecom www.mcdtelecom.com İstanbul Telecommunications/Networking

Mega Bilgisayar www.megabil.com Kayseri Computers/Peripherals

Millenicom www.milleni.com.tr İstanbul Telecommunications/Networking

Mobiliz www.mobiliz.com.tr Ankara Telecommunications/Networking

Mobisis www.mobisis.com İstanbul Orher (AI/DC)

Multinet www.multinet.com.tr İstanbulOther (Smart Card Technology andServices)

NavTurk www.navturk.com İstanbul Software

Obase www.obase.com İstanbul Software

Ormas Ortadogu iletisim www.bostancigroup.com İstanbul Telecommunications/Networking

Sekom www.sekom.com.tr Ankara Telecommunications/Networking

Sestek www.sestek.com.tr İstanbul Software

STM Savunma www.stm.com.tr Ankara Other

Tradesoft www.tradesoft.com.tr İstanbul Software

Tuncmatik www.tuncmatik.com İstanbul Other

Vodasoft www.vodasoft.com.tr İstanbul Other


Founded in 1995 to develop card payment systems software and ensuresystem integration, Banksoft continuously improves its services with itsprofessional team of 90 people. 31 banks in and outside Turkey chooseBanksoft for their card payment software needs.

Banksoft offers turn-key services for the payment system software needs ofthe banks, and has completed important platform changes since its inception.While previously the payment systems were running on structures that werevery complex and complicated to manage, today the so-called ‘openplatforms’ are used and with much lower costs. This provides significantcompetition advantages to Banksoft’s clients.

ABH offers project management, consulting, application development,support and training services in various fields from organizational IT planning,infrastructure design and custom application development to improving andoptimization of business processes via ERP solutions. Custom applications canbe developed either in cooperation with the customer's project team orentirely by ABH to be delivered to the customer as a turn key solution. Beforestarting a project, ABH discusses the potential return of that investment withits customer so that the end product would add value to the customer'sbusiness and the market as well.

Asis is specialized in development and production of end to end Fuelmanagement systems for Oil & Gas downstream industry. Asis is the only Turkish company which provides turnkey solutions , developsand manufacture all Software and Hardware components of end to end fuelmanagement systems by its own R&D Software developers and engineerswith sate of art technology in its field.

Our solutions include , Wired and Wireless Fore Court Automation,Automated Tank Automation system with Magnetostrictive Level GaugingSensor, Self Service Station, Pump Operator and Customer identificationSystem, Station C-Store dry stock management and back-office software,Vehicle Identification System with active and passive tags, RFID ContactlessCard Readers for secure identification and loyalty applications ,VehicleTracking systems (hardware and software ) with GPS and Web based centralmanagement software.

CEO: Tayyar BacakAddress: M. Nezihi Özmen Mah. Kasım SokakNo:34 İstanbul Tel: +90 (212) 449 39 00Web: www.abh.com.tr

CEO: Yusuf KayaAddress: Y.dudullu Akif İnan Sok. Tatlisu MevkiiNo:20/A Ümraniye / istanbul Tel :+90 (216) 540 64 64 Web: www.asis.com.tr

CEO: İsmet YurtsevenAddress: Bulgurlu Mah. Aydınoğlu Sokak No:21Çamlıca-Üsküdar İstanbulTel: +90 (216) 521 14 14 Web: www.banksoft.com.tr


Bilgi Sistemleri Ltd. is established in 2002 and focused on Software and ITsystem integration. Bilgi Sistemleri is a leading technology company whodevelops parallel solutions in respect of IT market needs. All of the company’swhich has the possession to be conscious and dynamic corporations, is in theCustomer Portfolio of Bilgi Sistemleri. Solutions that we prepare in a projectapproach, includes packages that comprise technological integration as awhole. Software Solutions of Bilgi Sistemleri (BS) are specified on Utilities,Call-centers, Health care and Public Safety sectors. A broad range ofhardware solutions are bundled with customized software solutionsaccording to the needs of customers. With its solution developer team Bilgidevelops software for business critical sectors. Software solutions are businessspecific and given as follows ;

CEO: Burçin BircanoğluAddress: Sanayi Mahallesi Sultan Selim CaddesiLale Sokak No:83/2 Kağıthane İstanbul Tel: +90 (212) 319 97 00Web: www.bircom.com

CEO: Bekir Sami NalbantoğluAddress: Kavacık Mah. Ekinciler Cad. No:2234810 Beykoz / İSTANBUL/TÜRKİYETel: + 90 (216) 331 3590Web: www.bilgisistemleri.com.tr

Based on its long experience in voice networks, Bircom has developed CallAccounting and Billing (CDR) solutions, compatible with both conventionaland IP based PABX systems. The Callipso Analyzer CDR covers a completerange of professional needs with its Enterprise and Small & MediumEnterprises (SME) versions.

Due to its user-friendly interface, easy to use management tools andnumerous dynamically generated reports, Callipso Analyzer CDR solutions hasacquired asignificant customer base since its launch in 2003.

Callipso CallShop, that enables the management and sales of voice traffic toend users.

Birim Information Technologies A.S. is a leading IT company in HealthcareInformation Systems (HIS) industry with 18 years of experience. Its HQ islocated in İzmir; has more than 3500 employees in 7 regional offices locatedin Adana, Ankara, Diyarbakır, Erzurum, İstanbul, Kayseri, and Trabzon. Birim isalso the main contractor of “e-health Transformation Project” run by theMinistry of Health.

The infrastructure of the software is designed to meet all the requirements of“Digital Hospital Platform” where hospitals moves from a world dominatedby hand-written notes and tedious data-entry tasks to an environment inwhich staff members use advanced information systems to document patientrecords, enter and process orders, interact with patients and access imagefiles.

CEO: Ayhan YıldırımAddress: Atatürk Cd. No:380 Kat:7 Alsancak / İzmir Tel: +90 (232) 464 77 33Web: www.birim.com.tr


Founded in 2000, Bizitek is a fast-growing enterprise software company,providing customers with end-to-end, process based software andconsultancy services. Bizitek has successfully built solutions for a broad rangeof businesses both in Turkey and Europe, with a special focus ontelecommunication and media industries. Being adaptive to marketdynamics, global developments and industry standards, Bizitek offers cutting-edge products and services through continuous investments in R&D andinnovation.

Borusan Telekom is Turkey’s first one of the leading alternativetelecommunications operators. It has been operational since 1996 andbecame the first operator with a Type A License to sign an interconnectionagreement with Turk Telekom in 2004.

Borusan Telekom, with the aim of carrying its internet service provider leaderposition into corporate voice services, increased its revenue by more than100% every year since 2005.

Borusan Telekom obtained Infrastructure License in August 2007 and signedBitstream Access and Local Loop Unbundling Agreements in May 2008. Thecompany has focused on making fiber infrastructure investments in year 2008in order to provide higher quality services at more reasonable prices.

CEO: Murat ŞahinoğluAddress: İTÜ Ayazağa Kampüsü, Koru Yolu, ARI 2Teknokent Binası, B Blok 4-1 İstanbul Tel: + 90 (212) 366 79 00Web: www.bizitek.com

CEO: Mehmet BaşerAddress: Büyükdere cad. No:112 Esentepe Şişli / İstanbulTel: + 90 (212) 355 51 00Web: www.borusantelekom.com

CEO: Ömer Siso Address: METU Technopolis Galium Blok Z K2Ankara Tel: + 90 (312) 210 19 20Web: www.cozumbil.com.tr

Çözüm Bilgisayar being established in 1987 for providing software solutionsto health-care instutitions, continues to Research&Development activities incollaboration with university and industry in Technopolis–METU–Ankara-TURKEY.Çözüm Bilgisayar develops Hospital software applications, MobileApplications, Medical Clinical Assistant, Laboratory InformationSystems,PACS/DICOM Software Solutions, RFID-Smart Card applications,Enterprise Business Intelligence solutions, Information Kiosk, Queue systemsin fields of Medical, Software, Electronics,Information Technologies, HealthInformation Systems.

Having completed our first exportation with Hospital InformationManagement System to Turkish Republic of Northern Cyprus, our companydelivers integrated solutions-that are developed in its own structure–toGovernment Hospitals which are responsible to Ministry of Health, Educationand Research hopitals,University and Private Hospitals,Medical Centers andPoliclinics.

Having published its 11th. Edition in this June Çözüm Haber provides Healthand Information news and developments to health and IT professionals.


CEO: Murat BoylaAddress: Bestekar Şevki Bey Sk. No:31 Balmumcu-Beşiktaş İstanbulTel: + 90 (212) 337 07 07Web: www.datamarket.com.tr

CEO: Oğuz HaliloğluAddress: Gülbahar Mah. Cemal Sururi Sok No:25K:6 D:31 Mecidiyeköy Şişli İstanbulTel: +90 (212) 275 00 75Web: www.defne.com.tr

CEO: Haluk SafiAddress: Cyberplaza A Blok Kat: 4 No: 402 06800Bilkent / AnkaraTel: +90 (312) 265 04 03Web: www.ees.com.tr

Holding HP Gold Preferred Partner and Microsoft Gold Certified Partnercompetencies, Data Market provides Symantec, Citrix, Vmware, Camouflage,SRS, Brocade, Imanami and Adobe solutions with national distributor andsolution provider titles.

Data Market offers IT management and infrastructure solutions to the financesector to conform regulations and compliance laws. With its IM - InformationManagement project, Data Market has participated in the HP ILM EMEA2006 - 2007 Champions League as the only Turkish company and succeededin the final four.

Data Market is pioneering the health technology market in Turkey withMedical Archiving Solutions, Digital Hospital IT Solutions and its integratedCRM application NervoSYS.

Defne Bilgi Islem Ltd. is a premier supplier of a broad array of custom andpackaged telecommunications solutions, including converged InteractiveVoice and Video Response (IVVR) systems, messaging and IN solutions.

Established in 1996, Defne has evolved from a company providing customvoice solutions to enterprises, into a turnkey solution company in the field oftelecommunications with the vast expertise accumulated in this era.

Defne provides superior turnkey communications solutions with its ownframework, supporting all major telephony standards including ISDN andSS7 and IP. This framework enables development of a single integratedsolution to all communication needs within both the public network andenterprises. Solutions created on this platform include: Contact and CallCenters, PC PBXs, unified messaging systems, alert and notification systems,IVR’s and voice portals.

ees is a software company that provides information management systemtechnologies for public, healthcare and defense sectors. Its customizedsoftware solutions enable the enterprises in all sizes, to accelerate theprocesses leading to optimized workflow management.

It is the first launcher of %100 web-based Hospital Information System (HIS)as well as Document & Workflow Management System in Turkey. ees drivesthe industry standards in Turkish Healthcare Software Sector through itsproprietary technology, which was assessed as “having national strategicimportance” by TUBITAK (The Scientific and Technological Research Councilof Turkey).


euro.message has been helping the most well-known brands achieveexcellent e-marketing success with years of experience and it brings provenmethods and industry-leading services to assist you take your multi channelmarketing activities and outcomes to the next level.

To help you meet your exact needs, we offer you:

• Strategy, program design an automation• Segmentation, contact optimization and analytics• Campaign implementation• Creative• Deliverability• Testing and ROI optimization• Data integration and management• Account management and support• Education and knowledge transfer

Elsys is one of the biggest solution providers in the SEME (South East Europe& Middle East) region, with offices in İstanbul and Dubai. Established in theyear 2000. Elsys has 170 employees, 145 of which are SAP-certifiedconsultants all being own company resources. As an SAP Services Partner,SAP Gold Channel Partner, and SAP Netweaver Special Expertise Partner, Elsysoffers the widest coverage in terms of applications and industrial sectors.Highly specialized dedicated teams in all SAP Applications (ERP, SCM,CRM, BI,PLM, Solution Manager & SAP Netweaver) Elsys also carries out consultancyof various strategic projects in countries such as Germany, United States ofAmerica, England, Israel, Egypt, United Arab Emirates, Saudi Arabia, Thailand,Indonesia and South Africa. For more information, please visitwww.elsys.com.tr

Elkotek is active in the telecommunication sector since 1982. Elkotek is the first and unique value added company in Turkish ICT marketproviding converged technologies solutions including access solutions such asTDM, xDSL, ISDN, Wi-Fi, WiMAX and voice solutions such as PBX and InteliexIP voice platform. Inteliex is a specially branded IP voice platform, developed at the Elkotek R&DCenter, located inside the special zone of KOSGEB at the Istanbul TechnicalUniversity campus.

Elkotek has achieved big success especially in the past 10 years and continuesto provide niche solutions and technologies in Turkey as a leading ICTcompany.

CEO: Hakan TahiroğluAddress: Gazeteciler Sitesi, Sağlam Fikir Sokak,No.3 Esentepe İstanbulTel: +90 (212) 336 39 00Web: www.elkotek.com.tr

CEO: Savaş KombanAddress: Sarıkanarya Sok. Yolbulan Plaza B BlokK:2 Kozyatağı İstanbulTel: +90 (216) 410 40 34Web: www.elsys.com.tr

CEO: Altuğ İnciAddress: Zafer Sok 15/3 Uğur Apt. Nişantaşı İstanbulTel: +90 (212) 343 07 38Web: www.euromsg.com


Experteam was established in 2000 by 6 partners who previously worked atOracle ERP Consultancy Division of Ernst Young as consultants. Since then,Experteam has delivered approximately 100 Oracle ERP and technology basedprojects for the Turkish business community covering almost all industries.

As of June 2009, Experteam has more than 80 skilled consultants who aretotally dedicated to Oracle Applications and Technologies.

Experteam is the first local Certified Advantage Partner -OraclePartnerNetwork’s highest membership level- in Turkey both for OracleTechnology and Oracle Applications fields.

Chairman of the Board: Özan Türe Adress: Mahir İz Cad. No:12/6 34662 Altunizade İş Merkezi Üsküdar İstanbulTel: +90 (216) 651 33 05Web: www.experteam.com.tr

CEO: İsmail BayraktarAddress: Ahi Evran Cad. No:21 Kat:15 PolarisPlaza, Maslak İstanbulTel: +90 (212) 346 09 44Web: www.figensoft.com

CEO: Selda Bağdat BahadırAddress: Yeni Parseller Sok. No:20 K Binası Kat 4-5Kavacık İstanbulTel: +90 (216) 538 80 00Web: www.gantek.com

Figensoft was established in 1997. In 2001, Figensoft entered mobileapplications world by becoming Ericsson Mobility World partner. It becameTurkcell partner in 2002.

Partners include:• Turkcell• Vodafone• Avea• Azercell, • Ericsson Mobility World• BlackBerry• Mobile Marketing Association

Figensoft is a leading service provider in mobile services. Product categoriesinclude:• Bulk SMS and MMS service,• Two way (interactive) SMS services,• Location based services,• Mobile applications (Java, Microsoft Mobile, BlackBerry, Symbian and

iPhone)• Mobile signature,• Mobile payment

Gantek Technologies dedicated to the principles of corporate governancealong with 22 years of experience in Information and CommunicationTechnologies (ICT). Gantek provides solutions in Turkey and the Region as theleading Systems Integrator. Gantek, investing continuously in R&D for thepast 9 years, is positioned as one of the most innovative ICT companies in theRegion. The company provides focused solutions such as, Number Portability,Revenue Maximization and Value Added Services (VAS) fortelecommunications sector, Risk Management solutions for finance sectorand various graphics applications for defense sector. Gantek is enablingeffective solutions based on its long-term collaboration with all mobile andfixed-line operators and leading finance institutions in Turkey along withtelecom operators in CIS countries.


Hitit Bilgisayar Hizmetleri Dış Tic Ltd. Şti. is a developer of airline systems,providing solutions for all key areas of airline operations and loyaltymanagement for clients globally. With the Crane FF Loyalty ManagementSystem, Hitit has set new standards in airline management solutions,establishing a respected brand name in the airline industry.

From Virgin Blue in Australia, to Icelandair in the North Atlantic, Hitit providessolutions and support for 17 airlines around the world on various projects.

Hitit holds ISO 9001:2000 and 27001 certification. Hitit’s products are alsosought after by companies in the banking, telecommunications andeducation sectors.

Hitit Bilgisayar Hizmetleri Ltd. Şti. is a developer of airline systems, providingsolutions for all key areas of airline operations and loyalty management forclients within Turkey. With the Crane FF Loyalty Management System, Hitithas set new standards in airline management solutions, establishing arespected brand name in the airline industry.

Turkey’s flag carrier, Turkish Airlines, as well as Turkey’s second largest airline,Pegasus Airways utilize Hitit’s functional and user friendly systems, along withSun Express, the carrier jointly owned by Lufthansa and Turkish Airlines.

Hitit’s senior team has a solid background in airline operations and ITspanning 30 years. This experience combined with a large group of youngand bright professionals, makes Hitit’s products a unique blend of moderntechnology and established standards in the airline industry.

Hitit holds ISO 9001: 2000 and 27001 certification. Hitit’s products are alsosought after by companies in the banking, telecommunications andeducation sectors.

iDeal Technologies has been established in 2000 at Istanbul-Turkey as anengineering company.

The vision of the company is being one of the leading technology suppliers inInformation Communication Technologies (ICT) and control arena by havingtheir own know-how, engineering skills and eco-system. This is why, thecompany has fully concentrated on Research & Development activities and allthe commercial transactions of the company are based on their own products& systems. Arvento, is the leading vehicle tracking and fleet managementsystems manufacturer in Turkey with more than 65.000 mobile terminalsrunning on field.

iMarine is the first marine electronics manufacturer of Turkey. Starting withAIS transponder development on 2006, today iMarine has a wide marineelectronics family including ship, shore and operation center layer devices.

CEO: Fatma Nur GökmanAddress: İstanbul Atatürk Havalimanı SerbestBölgesi Plaza Ofis No:724-726-738-739-741-743-744-745-746-830-83 İstanbulTel: +90 (212) 465 01 75Web: www.hititcs.com

CEO: Fatma Nur GökmanAddress: Büyükdere Cad. No:55 Noramin İşMerkezi Kat:2 Daire:204 Maslak İstanbulTel: +90 (212)276 15 00Web: www.hititcs.com

CEO: Dr. Ejder VarolAddress: Cumhuriyet Cad. Yeni Parseller Sk. No 20K Binası Kavacık / İstanbulTel: +90 (216) 680 07 07Web: www.idealteknoloji.com


CEO: Aydın ErsözAddress: İTÜ Ayazağa Kampüsü Arı1 TeknokentBinasi, Maslak Sarıyer İstanbulTel: +90 (212) 286 44 10Web: www.innova.com.tr

CEO: Murat ÇelikAddress: Büyükdere Cad. Kasap Sok. No:15Şişli / İstanbulTel: +90 (212) 340 32 00Web: www.intertech.com.tr

CEO: Oğuz ÇalışkanAddress: İTÜ Ayazağa Kampüsü Arı Teknokent 2 ABlok No:3-2 Maslak İstanbulTel: +90 (212) 276 86 01Web: www.invenoa.com

iNNOVA Bilişim Çözümleri A.Ş. is a leading software developer and integratorin Turkey which provides innovative software solutions and services, coveringthe entire project lifecycle from consulting, design, application developmentand integration, to support. Established in September 1999, iNNOVA servesits bluechip client base from main offices in İstanbul and Ankara, amanufacturing facility for kiosks, a sales office in Dubai, as well as supportcenters in various cities.

Innova has delivered solutions to customers in 15 countries to date. Majorcustomers of the company are fixed line and GSM operators in Turkey andabroad, banks, as well as other prominent organizations in themanufacturing, public and service industries.

Intertech was established in 1991 primarily to serve the finance industry, andprovides wide range of information technology services for many industryareas with a superior service quality.

Today, with its staff of more than 300 people, it continues to generatecontemporary and effective solutions and offers superior quality services tofinancial services sector at CRM, BPM, Core Banking and Business Intelligenceareas which it is specialized.

Intertech is highly specialised in the areas of banking software andapplications, systems management and operation, portal technologies,process management systems, customer relationship management(CRM),data warehouse and information security. The company providesproject management consultancy and turnkey services in all of these.

Invenoa is a dynamic company specializing in the development and marketingof innovative products and technologies that manage the revenue chain fortraditional and next-generation communication service providers, retailers anddistributors of digital media, and technology solutions providers. We buildlarge-scale, complex software applications that deliver unique solutionsintegrated with standard product architectures and leverage open Internettechnologies to enable providers to achieve peak operational efficiency whiledriving maximum revenue from their product and service offerings. We havealso consistently delivered our clients robust solutions that differentiate theirservices, reduce their costs and increase their revenue potential. We believepassionately in our core values of technical excellence, adaptability,commitment and honesty.


Istanbul Pazarlama A.S., incorporated 1983, is one of the oldest companies inthe Turkish computer sector.

As the leading IBM pSeries, IBM Storage, Lotus and Tivoli Business Partner,Istanbul Pazarlama provides IT services and solutions such as systemsintegration, turn-key projects, hardware and software sales, installation andsystem support services and software development.

"TeamWork Management Software" developed by Istanbul PazarlamaSoftware Department are being used by many leading companies in Turkey.TeamWork solutions include CRM, Purchasing, Finance, DocumentManagement, Quality Management, Forms Workflow, Job Scheduling, ProjectManagement, Technical Service, Realtor Office CRM, Fair Organizer CRM,Property Sale CRM and LawOffice software.

CEO: Korhan ArabacıoğluAddress: Otello Kamil Sok. Milo Çıkmazı No:12Gayrettepe İstanbulTel: +90 (212) 275 12 95Web: www.istpaz.com.tr

CEO: Murat KalaoraAddress: Sirçaci Sok. 18 Rumelihisari İstanbulTel: +90 (212) 257 10 48Web: www.MagiClick.com

CEO: Burak ÖzyiğitAddress: Ayazağa Maslak Yolu No.5/A K.3Maslak - İstanbulTel: +90 (212) 289 94 55Web: www.mcdtelecom.com

MagiClick Digital Solutions is an interactive technology, design & marketingservices company that provides expertise and resources to help companiesbuild stronger & more profitable relationships with their customers,employees and business partners.

MagiClick's works have received multiple recognitions at internationallyacclaimed competitions such as NYF Global Awards, Midas Awards, OneShow Rx, US Web Marketing Assc. Web Awards, Davey Awards and HorizonInteractive Awards. MagiClick also won numerous awards at nationalcompetitions, including Grand Interactive Awards, Crystal Apple and GoldenSpider Awards.

MCD Telekom was formed in 2001 as a know-how based technologycompany operating in mobile telecommunications sector in Turkey. Companycurrently offers successful unique services and innovative solutions to GSMoperators, telecommunication companies, banks and insurance companies.Such services, among others, include CRM, telemarketing, telesales, e-commerce, telecom management consultancy, POS activation/verificationnetwork, POS payment solutions, application service providing, SMS gatewayand premium SMS service providing, all of which are enabled over MCD’sproprietary software and technology solutions.

MCD is a mobile top up and bulk SMS distributor and a mobile marketingagency for GSM operators. Company also provides top up service via its callcenter and IVR.


CEO: Halit ÇağılAddress: İstasyon Cad. 61/A 38010 KayseriTel: +90 (352) 221 25 00Web: www.megabil.com

CEO: Sefer ÖzhanAddress: Uphill Towers B19Ataşehir İstanbulTel: +90 (216) 688 64 44 - 444 0 NAVWeb: www.navturk.com

CEO: Bülent DalAddress: Yukarı Dudullu Mah. Bayraktar Blv. Hisar Sok.No:50/3 Ümraniye İstanbulTel: +90 (216) 527 30 00Web: www.obase.com

Mega Bilgisayar is an IT company that established for servicing in Anatoliaterrority with an over twenty years experience.

Also most of the companies prefers Mega Bilgisayar because his pioneeredvision and reliable history. Within the years following the establishment ofMega Bilgisayar, the company became specialized in sectoral solutions suchas business continuity, server and desktop virtualizations, Universities CampusIT solutions, desktop publishing.

CEO: Halit CagilAddress: İstasyon Cad. 61/A 38010 KayseriTel: +90 352 221 25 00www.megabil.com

NAVTURK is the first and only technology company on navigation in Turkeydelivering service at international standards with its 15 year experience and50 R&D employees working at Gebze Technopark, Istanbul.

NAVTURK has established in 2004 and become one of the three companiesworldwide in navigation sector using its own technology. NAVTURK is a highperformance company which has folded its revenue by 4 within 3 years andhas sold over 50 thousands of navigation licenses in Turkey. NAVTURK is theleading digital map supplier in automotive, after market, consumerelectronics and mobile market.

Founded in 1995, OBASE has delivered Information Management Solutionsincluding- data integration, business intelligence, corporate performancemanagement, B2B/ CRM, data mining and operational system solutions withIT consultancy & services today.

OBASE industry knowledge includes retail, telecommunication, transporting,finance, pharmateciual, government.

OBASE is a leadership information management company and stand out fromother consulting firms with its experienced team (85) in Turkey and abroadRussia, Romania, Kyrgyzstan, Cyprus, Kazakhstan, Azerbeijan, Makedonia,Egypt.


Since its 1992 founding, Sekom İletişim Teknolojileri Sanayi ve Ticaret A.Ş. hasgrown to become a specialist networking solution provider and a systemsintegrator in delivering advanced communications capabilities. We help ourcustomers plan, install and support their networks through high performance-reliable products and our service excellence. We also enable our customers toquickly upgrade and expand their networks to meet changing user needs.

Sekom differentiates from the competitors with a proven success in planningand building new technologies through unique in-house skills in consulting,integration and managed services to create customised customer solutions.Strong demand for telecom services will continue to shape our future withongoing expansion of our business.

Sestek is a high-tech company active in business areas regarding speech andcommunication technologies, call center applications and customer servicesautomation.

The company has proven its uniqueness by developing the world’s first andonly voice conversion product for commercial use as well as with its unrivalledSeamless Agents and Speech Analytics softwares. Sestek, which has acquiredGVZ Ses Tanıma Teknolojileri company in 2007, has reached a broad diversityof individual and corporate customers with the solutions it offers to manydifferent sectors from banking to healthcare services.

Founded in 1990, Ormas has grown to become a successfull value addedservices provider partner of all telecom operators in Turkey. Ormas is a valueadded services provider, telecommunications solutions provider, systemintegrator and software services company. Specialization areas of Ormas areIVR based systems, SMS-MMS and 3G based applications, call center setupand management, PBX and hosted PBX installations, show editing and setupservices for television channels, value added service platforms developmentand custom telecommunications solutions consulting and development.

Ormas has the mission of enabling its customers to have better businessprocesses,operational efficiency and competitive advantage by providingextremely customizable telecommunications solutions.

CEO: Güven Bostancı Address: Kore Şehitleri Cad. No 29 Zincirlikuyu İstanbulTel: +90 (212) 318 80 80 Web: www.bostancigroup.com

CEO: A. Sami EzberciAddress: Üsküp Caddesi No:21/9, Kavaklıdere,06680 Ankara Tel: +90 (312) 468 23 73Web: www.sekom.com.tr

CEO: Levent Arslan Address: İTÜ Ayazağa Kampüsü Arı-1 TeknokentBinası Maslak İstanbulTel: +90 (212) 286 25 45 Web: www.sestek.com.tr


CEO: Erman Karaca Address: Emirhan Cad. No:109 Atakule Kat:9Balmumcu İstanbulTel: +90 (212) 310 65 65 Web: www.tradesoft.com.tr

CEO: Mehmet ÖzerAddress: Yeni Çamlıca Mah. İmar İskan Caddesi No: 3 Ataşehir / İstanbul Tel: +90 (216) 314 51 51Web: www.tuncmatik.comwww.powergie.com

CEO: Zekeriya Arslan Address: Barbaros Mah. Nuhkuyusu Cad. No:32Kat:2-3-4-5 İstanbulTel: +90 (216) 474 20 50 Web: www.vodasoft.com.tr

Tradesoft’s suite of in house developed financial services applications are themost widely used in Turkey. It is the leading supplier of software, consultancyand services to the capital markets industry. Tradesoft Business Services is asubsidiary of Ata Holding, has more than 120 employees and 300 clients.

Tradesoft is also a respected mortgage processing software componentprovider in the Dutch market in partnership with Ordina N.V. Over the years,Tradesoft has built-up domain expertise and implementation experience in adiverse set of industries such as financial services, automotive, food andFMCG distribution; continually invested in technological competence anddelivered focused solutions to its customers which resulted in improvedbusiness processes, greater operational efficiency and sustainable competitiveadvantage.

Tunçmatik is the leading power products supplier of Turkey.

Tuncmatik has been established in 1969 with the purpose of manufacturingelectric/electronic products in Turkey. Today TUNCMATIK offers a completeline of products in the field of electrical energy; our main products are UPSsystems, AVRs, Surge Protectors, Maintenance free batteries, chargers,inverters, rectifiers and Solar energy solutions such as PV Panels, PV invertersetc.

Today Tuncmatik is also working in the solar power plant projects as a projectdeveloper and EPC contractor.

Vodasoft Call Center Solutions (VCCS) is strategically focused on Call CenterTechnologies and Consultancy Services. Along with Call Center OutsourcingServices, Advanced Level Call Center Trainings, Call Center Implementation,Performance Management, Strategic Planning, Operational Management,Benchmarking and Strategic Consultancy Services are also provided. VodasoftCCS has realized many call center projects in private and public sector.

More than 300 companies are using call center software systems developedby Vodasoft CCS. Call center software systems developed by Vodasoft CCSare adressing the most common operational issues of call center operationalplatforms; they are mainly telemarketing/telesales, performance managementand reporting. Contact management and CTI integration software packagesare also available in Vodasoft CCS’s portfolio.

49

Introduction

Technology Fast50, which lists fast-growingtechnology companies in Turkey, is a world-wideprogram taking place in Turkey for the fourthtime. Technology Fast50 CEO Survey is done bythe CEOs of technology companies whichachieved the highest rates of annual revenuegrowth during the past five years and are placedin Deloitte Turkey’s 2009 Fast50 list.

The survey questions addresses the critical factorsand operational challenges that drove orhampered their rates of success, how they feelabout their future, where they think bestopportunities lie and, importantly, are they stillconfident about future growth. The answers tothese questions are revealed in this year’sTechnology Fast 50 Turkey CEO Survey.

About the survey

Deloitte Technology Fast50 Turkey 2009 CEOSurvey is based on the feedback received from theCEOs of fast growing technology companieswhich are ranked Technology Fast50 Turkey 2009program. The aim of this survey is to gain insightinto the secrets of these companies’ phenomenalgrowth and the survey seeks a first-handunderstanding of the ambitions, challenges andindustry threats that the sector’s leadership areexperiencing. Results of the survey are analyzedcompared to Deloitte Technology Fast500 CEOSurveys which are conducted in Asia Pacific, EMEAand North America in 2008. This is the fourth yearof the program, and the fourth time we areconducting this survey in Turkey, thus we compareand contrast the results in Turkish CEOs’perspectives on growth, challenges, andexpectations changed in these four years.

This survey, undertaken in the fourth quarter of2009, was completed by almost 85 percent Fast50CEOs placed in Technology Fast 50 Turkey list andprovides an insight into the issues that these CEOsexpect will drive the industry forward in 2009 andbeyond.


Technology Fast50 Turkey CEO Survey 2009


59%

33%

7%

55%

30%

15%

53%

44%

3%

24%

40%

32%

0% 50% 100%

Extremely Confident

Very Confident

Somewhat Confident

2006

2007

2008

2009

How confident are you that your company will sustainits high level of growth over the next 12 months?

Confidence level

With current economic climate, it is not suprisingto see the confidence level of the CEOs relativelydecreased compared to previous years. Accordingto the survey, 64 percent of respondent CEOs areeither very or extremely confident in their ability tosustain the high level of their company’s growthover the next year. This year’s confidence level is33 percent lower than the last year results, whichat 97%, was the highest ever in the history of theTuskish survey; which reveals the fact that how theeconomic instabiliy around the world affectedTechnology CEOs’ confidence.

38%

51%

64%

60%

Optimizing Financial Structure

17%

8%

28%

4%

18%

14%

20%

Raising Capital

Compliance

Asia Pacific

EMEA

3%

3%

14%

5%

0%

20%

0% 20% 40% 60% 80%

Reducing Debt

North America

Turkey

What is your biggest financial challenge?

Biggest challenges

While there is much speculation about how theeconomic downturn will be overcome, TurkishCEOs are mostly busy with optimizing financialstructure (60 percent). While reducing debt is nota significant challenge in EMEA, North Americaand Asia Pacific, it has become an issue for TurkishCEOs with the current economic conditions. Thisis also an outcome of a big threat that technologyCEOs state as “limited access to capital” where wewill see this analysis in the coming charts. Raisingcapital became one of the big challenges thatTurkish CEOs face with current liquidity issues inthe market (2009: 20 percent; 2008: 8 percent).

Secrets of Success


52%

4%

63%

0%

68%

3%

72%

4%

Organic Growth

Initial public

offering

0%

22%

19%

5%

13%

15%

3%

9%

4%

12%

Acquiring a company

Merger with a

strategic partner

Being

2006

2007

2008

5%

16%8%

0% 20% 40% 60% 80%

gAcquired

other, please specify

2009

What do you consider the most likely scenario for yourcompany within the next 12 months?

Outlook on growth

Further growth is expected to come once againfrom within organizations as an overwhelming 72percent of CEOs named organic growth as themost likely scenario for the next 12 months, whichis slightly higher than last year (68 percent).Merger with a strategic partner is also on theagenda with 12 percent of respondent CEOsexpecting them to account for growth followedby being acquired, which came in at 8 percent.Not surprisingly, with the economic downturnacquiring a company and IPOs were lowest on thelist with 4 percent each.

56%

18%

19%

7%

0%

54%

23%

14%

9%

0%

68%

8%

0%

8%

16%

0% 50% 100%

Entirely your own efforts and

resources

Private equity

Venture capital

Angel investors

With a partner or same partners

Asia Pacific

EMEA

Turkey

How was your company initially funded?

How was your company initially funded?

Funding the old fashioned way

Almost 70 percent of the Fast50 companies inTurkey, responded the survey as initially funded inthe old fashioned way, through the CEOs’ ownefforts and resources. Meanwhile, outside fundingplay a somewhat significant role in 32 percent ofthe companies’ start-up resources with 16 percentof the respondent CEOs having sought a partneror some partners and 8 percent private equity,while the remainder, (8 percent) used angelinvestment.


23%

9%

68%

24%

29%

47%

77%

13%

10%

4%

88%

8%

0% 50% 100%

North America

Europe, Middle East and Africa

Asia Pacific

Asia Pacific EMEA

Catch the wind Technology Fast50 Turkey...

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