1 December 2005 - Nedstat, European leader in website analytics, has been placed 232nd in the 2005 Deloitte Technology Fast 500 EMEA, a ranking of the 500 fastest growing technology companies in Europe, Middle East and Africa. Rankings are based on percentage revenue growth over five years, from 2000-2004, during which Nedstat grew 331%. The company was placed in the ranking in each of the five years it has existed.

Since its establishment in 1996 Nedstat's revenue has been increasing each year and the company has developed to become the European market leader in website analytics. “The continuous growth of our turnover shows our clients’ appreciation for our high quality products and services,” says Michael Kinsbergen, Nedstat’s CEO. In the 2005 financial year, Nedstat's growth is continuing.

“Attracting enough customers to maintain triple digit growth over five years makes a strong statement about the quality of the company’s product and its leadership,” says Eric Morgain, partner in charge of Deloitte’s Technology Fast 500 EMEA program. “Nedstat has shown the right stuff for growth.”

The Technology Fast 500 list is compiled from Deloitte’s EMEA Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least € 50,000 and 2004 operating revenues of at least € 800,000.

Entrants must also be public or private companies headquartered in EMEA and must be a “technology company”, defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant portion of the revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.

For the complete ranking of the 2005 Deloitte Technology Fast 500 EMEA look at www.deloitte.com/fast500emea.

Published on: 12:00AM on 1st December 2005