Growth of 3154% makes think-cell number four in the Deloitte Technology Fast 50

For the third year in a row, think-cell is among the fastest growing German technology startups according to Deloitte's annual Technology Fast 50 ranking. From 2004 to 2008 the Berlin-based software company increased its revenue by a factor of well-over thirty.

Serving 4 of the top 5 consulting firms and nearly 50% of the top 100 blue chip companies ranked in the Fortune 500, think-cell made a promising entry to the Deloitte Fast 50 – this year for the first time in the main award category. When the ranking was published on Wednesday evening in Hamburg's Curio House it showed that think-cell made the fourth place.

"All three companies placed in front of us provide low-cost services to millions of web users", says think-cell's CEO Markus Hannebauer. "We are very proud of the fact, that think-cell has achieved a comparable growth rate with selling a premium software product to a customer base that is two orders smaller. This is only possible because our customers really appreciate the value that our software creates for them every day."

About the Deloitte Technology Fast 50 Awards

The German Deloitte Technology Fast 50 Awards have been established by renowned accounting and advisory firm Deloitte seven years ago to honor promising startups from the technology industry, e.g., communication, Internet, hardware, software, and life sciences. The decisive criterion is the cumulated revenue growth over the past five years. Additional criteria are a high degree of in-house technology innovation and a considerable budget for research and development.