Technology Fast50 Turkey Winners and CEO Survey 2012 Create Powerful Connections!

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1 Technology Fast50 Turkey Winners and CEO Survey 2012 Create Powerful Connections! Technology, Media and Telecommunications November 2012

2 Contents Foreword 1 Overview 3 Technology Fast50 Turkey Program 4 The benefits of participating at the Technology Fast50 program 5 Technology Fast50 Turkey 2012 Main Sponsor 6 Technology Fast50 Turkey 2012 Partners 7 Fast Facts 10 Türk Telekom Technology Special Award 12 Big Stars 13 The Winners: Top ten companies 17 Technology Fast50 Turkey 2012 Winners* 27 Technology Fast50 Turkey 2012 Winners Profiles* 29 Technology Fast50 Turkey 2012 CEO Survey 50 Conclusion 60 TMT Contacts at Deloitte 61 2 Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

3 Foreword Tolga Yaveroğlu Partner, Deloitte Turkey TMT Leader Deloitte Technology, Media and Telecommunications (TMT) practice is pleased to announce the 2012 winners of the Deloitte Technology Fast50 program where some of the most successful and upcoming technology companies in Turkey are ranked according to their top line performance over the last five years. The Technology Fast50 program goes back to 1995 where it was first introduced in Silicon Valley. Today, the program is executed at over 37 regions around the world. It was launched in Turkey back in 2006 and over these last six years we have had enormous success within the EMEA region where Turkish Fast50 winners were also ranked #1 among the EMEA Fast500 companies twice, in 2009 and In the seventh year of the program in Turkey, Elkotek tops our list with an impressive 13880% growth. Congratulations to Mr. Tahiroğlu and his team at Elkotek where they were also ranked #2 in Turkey and #9 in EMEA with a growth rate of 709 in Each year we also present the Türk Telekom Technology Special Award to the fastest growing company among the Fast50 that managed to make the shortlist three times consecutively. I am happy report that Innova Bilişim is the recipient of our Türk Telekom Technology Special Award in I trust you will find this year s winners inspirational as they continue to bring innovative and value add solutions to the market place. We are proud to have businesses like these being a Deloitte Technology Fast50 winner. In addition to the list of our winners and an analysis of their growth performance, this report also presents the results of our Technology CEO Survey. Now with seven years of historical data, we believe that the survey results provide insightful perspectives and touch on key issues that the Turkish CEOs are dealing with. We would also like to thank our sponsor Türk Telekom and our partners MOBİLSİAD, TBD, TBV, TESID, TTGV, TUBISAD and YASAD for their collaboration and support in making this program a success. Congratulations to all the winning companies. Create Powerful Connections Deloitte Technology Fast50 Turkey

4 Welcome to Deloitte Technology Fast50 program; local appreciation and global celebration of the fast-growing technology companies in Turkey 2 Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

5 Overview Özge Mete Technology Fast50 Turkey Country Coordinator Welcome to 2012 Deloitte Technology Fast50 Turkey, the local appreciation of high growing technology companies and part of the global celebration of fast-growing technology companies. We are pleased to announce the winners of the Deloitte Technology Fast50 Turkey 2012, which recognizes the 50 most dynamic and fastest growing technology companies based on their revenue performance over the last five years. The overall winner this year is Elkotek with a growth of percent. Tektronik places the second rank with the growth rate of percent in 2012 program, where the third winner is FG-Digital with 4345 percent growth. We are excited by the performance of the winning companies. Most of the technology companies come from İstanbul and Ankara like in previous years. This year, we have three more from Kocaeli and one from Mersin. 60 percent of Fast50 companies are in software business, whereas 14 percent are in telecommunications/networking and 12 percent are in internet sub-sector. These technology companies with giving importance to research and development achieved an average growth of 1046 percent this year. We conducted a survey with the high growing technology company CEOs, asking their growth strategy, future expectations. The survey also reveals CEOs personal challenges and threats that technology industry is facing. Majority of the company CEOs, foresee organic growth as their next 12 month scenario, and kept their high level of confidence for sustaining their companies growth, since previous years. This year s challenge, the New Turkish Commercial Law (Yeni Türk Ticaret Kanunu - TTK) is seen as a positive change by many CEOs. While transparency in the marketplace is seen as the biggest advantage, increase in foreign direct investment with the adoption of international financial reporting system, increase in foreign direct investment, is seen as the second positive outcome. When asked if their companies are ready for the new law, 41 percent of the company CEOs stated that they have completed their preparations, slightly up from 38 percent last year. The impressive success of Turkish companies excites us and we are honored to be representing them in our Deloitte Technology Fast50 program. Congratulations to our 2012 winners, and we wish to see their achievements continue in the future by creating powerful connections. Create Powerful Connections Deloitte Technology Fast50 Turkey

6 Technology Fast50 Turkey Program The program celebrates Turkey's fastest-growing high-technology companies. The awards identify the trends that are shaping the technology, media and telecommunications sectors today. Based on percentage revenue growth over a five year period, the program,includes all related industry sectors: Software Semiconductors, components and electronics Telecommunications/networking Internet Computer/peripherals Media/entertainment Deloitte Technology Fast50 is a program that recognizes and profiles fast growing technology companies To be eligible for Technology Fast50 Program, companies must meet the following criteria: to be a technology company defined as: - develops proprietary technology which contributes to a significant portion of the company 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 and headquartered in Turkey operating revenues must be at least 50,000 Euros for 2007 and 800,000 Euros in Deloitte Technology Fast50 is part of a global Fast500 program run in parallel with the USA, Canada, United Kingdom, France, Norway, Sweden, The Netherlands, Germany, Central Europe, Israel, South Africa, China, Australia, Hong Kong, India, Japan, Korea, Malaysia, New Zealand, Singapore, Taiwan, Thailand, South Korea and Finland. For further information please visit our websites: fast50.deloitte.com.tr and 4 Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

7 The benefits of participating at the Technology Fast50 program Technology Fast50 winners receive exposure and recognition upon release of the rankings from both the media and business communities. The benefits are significant: Networking opportunity with other growing Turkish technology companies and business organizations at our awards ceremony Networking opportunity with other growing technology companies and business organizations from around the world through Deloitte and the regional Fast500 programs. Access to leading edge industry research and commentary Benchmarking against similar companies Increased attention from the business and investment communities Media coverage In addition, all Deloitte Technology Fast50 Turkey winners are invited to Deloitte Technology Fast500 Program. EMEA to network with other top-tier executives from the fastest-growing technology companies in EMEA. Recognition from the business and financial community Create Powerful Connections Deloitte Technology Fast50 Turkey

8 Technology Fast50 Turkey 2012 Main Sponsor Türk Telekom is Turkey s leading communication and convergence technologies company with its modern network infrastructure covering the whole country. Offering a wide range of services to residential and commercial customers in fixed lines and broadband Internet, Türk Telekomünikasyon A.Ş has 14.5 million Fixed Access Lines, and 7 million ADSL connections (bulk) as of September 30, % of Türk Telekom shares belongs to Ojer Telekomünikasyon A.Ş. and 30% belongs to the Republic of Turkey Prime Ministry Undersecretariat of Treasury. Türk Telekom pioneers in developing and implementing the low-carbon business model in Turkey with its works towards social, economical and environmental sustainability, also transforms its products and services, office practices and work processes according to sustainability principles in order to achieve this purpose and considers including all of its employees, their families, suppliers and customers into this process as a part of its strategy. Türk Telekom is the first telecommunication company calculating and reporting its carbon footprint to CDP (Carbon Disclosure Project) in Turkey. Türk Telekom ranked #1 for four years since 2009 in "Turkey's Most Valuable Brands" survey conducted by Brand Finance and Capital. Türk Telekom Yıldız Posta Cad. No:40 Address Gayrettepe Beşiktaş, İstanbul Tel +90 (212) Web address 6 Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

9 Technology Fast50 Turkey 2012 Partners Established in 2009 with 24 members and comprising the representatives of the value-added mobile services sector, MOBİLSİAD (Mobile Service Provider Businessmen s Association) was founded to develop solidarity and cooperation between mobile service providers who offer value-added products, services and technologies over a "mobile technology platform in communication, IT and media sectors. MOBİLSİAD aims to increase the service quality and efficiency of the sector, setting sector-specific codes of conduct and making them functional among members, thus enabling the sector to operate under conditions of competition, looking for solutions to eliminate the problems experienced at national and international levels in line with the common interests of the sector companies. The Association facilitates globalization and competition of the sector players in foreign markets by strengthening the perception of the industry in national and international markets, and developing relations with regulatory public bodies and operators to ensure sectoral growth. To this end, MOBİLSİAD carries out several projects to notify and guide people, and acts as a non-governmental organization with the goals of raising the awareness of leading sector players and end users.. Informatics Associations of Turkey (IAT) has been established in 1971 and currently have reached to five Informatics thousand Associations members. of Turkey IAT which (IAT) has is been the oldest ICT established association, in 1971 is and also currently the only have institution reached to in five thousand members. IAT which is the oldest Turkey, which intends to embrace all information ICT association, is also the only institution in systems Turkey, which professionals intends to embrace as well all as information those other professionals systems professionals who as benefit well as from those and other associate themselves professionals who with benefit information from and systems associate in any themselves with information systems in any manner manner when when performing performing their their respective respective professions. The The principal principal goal goal of IAT of is to IAT help is to the help the advancement of of theory theory and and practice practice of computer of computer science and related sciences and technologies in science and related sciences and technologies in Turkey and to promote widespread utilization of Turkey information and systems to promote in the country widespread in order utilization to of information reach to the ideals systems of information the country society. in order to reach to the ideals of information society. Information Ceyhun Atuf Kansu Türkiye Bilişim Derneği Address Caddesi No:1246 Sokak Ceyhun No:4/17 Atuf Balgat, Kansu Ankara Caddesi No:1246 Sokak No:4/17 Balgat Tel +90 (312) Address Ankara Web address Tel +90 (312) Web address Information Nispetiye Cad. Bebek Yokuşu Sok. Erdem Apt. Adress No:7 K:2 D:5/A Etiler, İstanbul Tel +90 (212) Web adress TESİD has completed its establishment in 1989 by 24 founder members upon the incitement of the authorities of the Ministry of Industry and Trade by the Representatives of Electronic Industry companies, Universities. Presently, TESID has 158 members belonging 90 different industrial companies and its membership is open to all companies working in the field of electronic 7 industry, information technologies and related service sector who produce good and/or Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

10 as 158 l all nic lated manner when performing their respective professions. The principal goal of IAT is to help the advancement of theory and practice of computer science and related sciences and technologies in Turkey and to promote widespread utilization of information systems in the country in order to reach to the ideals of information society. Türkiye Bilişim Derneği Address Ceyhun Atuf Kansu Caddesi No:1246 Sokak No:4/17 Balgat Ankara Tel +90 (312) Web address information to be freely mov also aimed that the share of general economy will reach member countries and need communication technologie provided for restructuring th Working for promoting usag quality standards and softwa methodologies and tools alo producing companies, TBV a establishment of technopark encourage R&D activities in t creating models for academ cooperation by t of the Trade by Information Address Halk s Plaza Sahray s been ached to oldest in mation er iate ny help the mputer gies in tion of er to addesi /17 Balgat Aiming at a Turkey that is transformed to information Aiming at a society, Turkey that TBV, is continuously transformed works to information for accelerating society, TBV, the continuously process of transforming works for accelerating Turkey the into process an information of transforming society. Turkey TBV into also an continues information informing society. TBV and also making continues all the informing sections and of the making all public the sections conscious of the for public disseminating conscious the for ICT disseminating culture to the everyone, ICT culture for to increasing everyone, the for computer increasing literacy, the computer and literacy, for providing and for providing the necessary the necessary infrastructure infrastructure for information for information to be to freely be freely moved moved and and shared. shared. It is It is also also aimed aimed that that the the share share of of ICT ICT investments investments in in the the general general economy economy will will reach reach the the average average EU EU member member countries countries and needed and information needed information and communication and communication technologies support technologies will be provided support will for be restructuring provided the government. for restructuring the government. Working Working for for promoting promoting usage usage of of international international quality quality standards standards and software and software development development methodologies methodologies and tools along and software tools along producing software companies, TBV producing also supports companies, the establishment TBV also supports of techno the parks in order establishment to encourage R&D of technoparks activities in in the order ICT to sector besides encourage creating models R&D activities for academy-industry in the ICT sector cooperation. besides creating models for academy-industry Information cooperation. Halk sokak No: 35, Golden Address Plaza F Blok, Kat : 2 Daire 6 Information Sahrayıcedit Kadıköy, İstanbul Halk sokak No: 35, Golden Tel + 90 (216) Plaza 467 F Blok, 0499 Kat : 2 Daire 6 Address Web address Sahrayıcedit Kadıköy / İstanbul Tel + 90 (216) TESİD has completed its establishment in 1989 by 24 founder members upon the incitement of the authorities of the Ministry of Industry and Trade by by the the Representatives of of Electronic Electronic Industry Industry companies, companies, Universities. Universities. Presently, Presently, TESID TESID has has members members belonging belonging 90 different 90 different industrial industrial companies and its membership is open to all companies and its membership is open to all companies working in the field of electronic industry, companies information working in technologies the field of and electronic related service industry, sector information who produce technologies good and/or related implement service sector R&D who in Turkey. produce good and/or implement R&D in Turkey. The Electronic Industries in Turkey are organized in an The independent Electronic Industries association in Turkey in order are to organized deal with in the an independent common interests association of the in individual order to companies. deal with It the is our common wish to interests develop of TESİD the individual into an companies. organization It is our wish which to develop is perceived TESİD into as; reliable, an innovative, organisation independent, which is perceived continuous, as; liberal and participative by its members and the community. reliable,innovative, independent, continious, liberal and participative by its members and the community. Information Address Information Bağdat cad. No:439/ Suadiye, İstanbul Bağdat cad. No:439/ Tel Address +90 (216) Suadiye/İstanbul Web Tel address +90 (216) Web address Tel + 90 ( Web address www. Connec Web address anized in al with mpanies. 8 Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

11 Supporting R&D and technological innovation YASAD ( Yazılım Sanayicileri Derneği or Software projects of the private sector in Turkey since 1991, Industrialists Association) is a non-governmental Supporting TTGV (Technology R&D and Development technological Foundation innovation Turkish organization Informatics representing Industry Association the software sector in projects of Turkey) of the is a private successful sector example in Turkey that since Turkey 1991, (TUBİSAD), Turkey. It established comprises in most 1979 of dedicated the local software to the TTGV introduced is a successful in Europe; example an innovative that Turkey and dynamic indroduced intermediary Europe; mentioned an innovative EU Lisbon and dynamic growth producers, of ICT Industry including in the Turkey, leading has ones. a group of members comprising of nearly 180 very intermediary Communique mentioned as an organization in EU Lisbonrequired to prestigious The association ICT companies endeavors of which to help are the Software Turkish Communique reach public as R&D an organization support to private required sector. reach Developers, software Hardware sector attain Manufacturers, a world-class Hardware development public TTGV R&D provides support long-term to private credit sector. that TTGV is repaid and level. Software Its mission Distributors, to place Telecommunication Turkey in the list of major global players who export software and provides by the long-term companies credit and that requires is repaid compulsory by the Companies, System Integrators, Local Subsidiaries related high value-added technological products, companies contribution and of that the requires companies cumpulsory to all costs incurred of IT and Communication multinational companies and continuously improve its position, converting contribution in the project. of the By companies this way, the to public all costs funds incurred are and/ or Consultants. the sector into one of the driving forces of the in the directed project. to R&D By this projects way, the more public effectively funds are through Turkish economy. directed the "multiplier to R&D projects effect" of more the effectively revolving fund. through The primary objective of TUBISAD is to act for the the "multiplier effect" of the revolving fund. growth YASAD of ICT undertakes industry activities in Turkey, to to create be the public voice of Information ICT awareness industry in regarding Turkey and the to strategic develop and importance foster relations of the with software counter sector parties for Turkey, globally.tubisad stressing its ast50 Turkey Information 2011Cyberplaza B-Blok aim potential to encourage, in exports inform with and high direct value its added, members role in Address Cyberplaza Kat:5-6 B-Blok Kat:5-6 and national the sector security, to keep economic up with growth, current welfare and Address Bilkent Bilkent, / Ankara Ankara developments reduction of in unemployment the World and rates, in Turkey, and and explaining Tel +90 (312) thus the promote capabilities investment of the national and create software business sector. Tel +90 (312) Web address alternatives. Web address Information TÜBİSAD İTÜ Ayazağa Yerleşkesi Yıldız Eski Posta Rektörlük Cad. Dedeman Binası Adress Ticaret No: Merkezi 203 Maslak No:52 Kat Sarıyer 1. Address Esentepe İstanbul İstanbul Tel Tel +90 (212) (212) Web address Web adress Turkish Informatics Industry Association (TUBİSAD), established in 1979 dedicated to the growth of ICT Industry in Turkey, has a group of members and technological innovation rivate sector in Turkey since 1991, sful example that Turkey rope; an innovative and dynamic comprising Turkish Informatics of nearly Industry 180 very Association prestigious ICT companies (TUBİSAD), of established which are in Software 1979 dedicated Developers, to the Hardware growth of Manufacturers, ICT Industry in Turkey, Hardware has and a group Software Distributors, members comprising Telecommunication of nearly 180 Companies, very ntioned in EU Lisbon System prestigious Integrators, ICT companies Local Subsidiaries of which are Software an organization required to reach of Developers, IT and Communication Hardware Manufacturers, multinational Hardware companies and/ ort to private sector. TTGV and Software or Consultants. Distributors, Telecommunication rm credit that is repaid by the Companies, System Integrators, Local Subsidiaries The primary objective of TUBISAD is to act for hat requires cumpulsory the of IT growth and Communication of ICT industry multinational in Turkey, to be companies the he companies to all costs incurred voice and/ or of Consultants. ICT industry in Turkey and to develop this way, the public funds are and foster relations with counter parties globally. projects more effectively through ffect" of the revolving fund. TUBISAD The primary aims objective to encourage, of TUBISAD inform is and to act direct for the its members growth of and ICT the industry sector in to Turkey, keep up to be with the current voice of developments ICT industry in in Turkey the World and to and develop in Turkey, and and foster thus relations promote with investment counter parties and globally.tubisad create business alternatives. aim to encourage, inform and direct its members 8 Connect. Grow. Inspire. - Technology Fast50 Turkey 2011 Cyberplaza B-Blok Kat:5-6 and the sector to keep up with current Bilkent / Ankara developments in the World and in Turkey, and Information +90 (312) thus promote investment and create business alternatives. Yıldız Posta Cad. Dedeman Ticaret Address Merkezi No:52 Kat 1. TÜBİSAD Tel Esentepe, İstanbul Yıldız +90 Posta (212) Cad. 275 Dedeman 5252 Web address Ticaret Merkezi No:52 Kat 1. Address Esentepe İstanbul Tel +90 (212) Web address Create Powerful Connections Deloitte Technology Fast50 Turkey

12 Fast Facts Fast Facts Fast Facts Fast50 Winners Geographical Distribution İstanbul Istanbul continues to produce the highest number of fast growing companies with 35, while 11 of the winners Kocaeli come from Ankara, 3 winners from Kocaeli and 1 from Mersin. Istanbul continues to produce the highest number Mersin of fast growing companies with 35, while 11 of 35 the winners come from Ankara, 3 winners from Kocaeli and 1 from Mersin. Fast50 Industry Segmentation Istanbul continues to produce the highest number of fast growing companies with 35, while 11 of the winners come from Ankara, 3 winners from Computers Kocaeli / and 1 from Mersin. Peripherals 4% 16% 12% 2% Internet Fast 50 Industry Segmentation Fast50 Industry Segmentation4% Computers / Peripherals Media / Entertainment 62% % 11 Fast50 Winners Geographical Distribution Ankara İstanbul Kocaeli Mersin Internet Semiconductor 12% 2% s, Components and Electronics Media / Entertainment 4% We see that software companies again take the lead among the Fast50 winner companies with 60 percent. Compared to 2011 results, telecommunications/network Semiconductors, companies participation decreases from 22% to 14%, substituted by internet and other sub industries shown in the Components figure. The and share of internet increase from 8 percent to 12 percent from the last year. Electronics Software 62% 16% 11 Ankara Telecommunications / Networking We see that software companies again take We see that software companies again take the lead among the Fast50 winner companies with 60 percent. Compared to 2011 the results, lead among telecommunications/network the Fast50 winner companies participation decreases from 22% to 14%, substituted by internet with and 62 other percent. sub industries Compared shown to 2011 in the results, figure. The share of internet increase from 8 percent to 12 percent from the last year. telecommunications/network companies participation decreases from 22% to 16%, substituted by internet and other sub industries shown in the figure. The share of internet increase from 8 percent to 12 percent from the last year. 10 Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

13 Research and Development 60% 50% Research 40% 100K and or less Development During the last four years, the number of Fast50 30% 100K - 500K companies that spend 100K - 500K for research Research and Development 60% and development has been steadily increasing, 20% 50% 500K - 1M 60% constituting half of all winners in This 10% 40% 1M or above increase comes in the expense of companies 100K or less 50% 0% 30% spending 500K or more. 100K - 500K 40% 100K or less % 500K - 1M 30% 100K - 500K 10% 1M or above 20% 500K - 1M During the last four years, the number of Fast50 companies that spend 100K - 500K for research and development 10% 1M 0% or above has been steadily increasing, constituting half of all winners in This 2009 increase comes 2010 in the expense 2011 of companies 2012 spending 0% 500K or more Growth Rate During the last four years, the number of Fast50 companies that spend 100K - 500K for resea has been steadily increasing, constituting half of all winners in This increase comes in the e During 40% the last four years, the number of Fast50 companies that spend spending 100K 500K - 500K or for more. research and development has been steadily increasing, constituting half of all winners in This increase comes in the expense of companies spending 35% 500K or more. Growth Rate 30% % 25% Growth Rate 40% % 40% 20% 35% % 35% Number 15% of companies achieving growth rates 30% % 30% over 10% 1000% has been on a downward trend 25% % % % 25% over 5% years as over growth rates continue to ease. 20% % 1000% or more % 20% As 15% 0% similar trend is true for the lower % % 15% 10% % band, resulting 2009in a concentration 2010 between 2011 the % 5% % 1000% or more % 5% group which constituted over 55% of 0% 1000% or more Number the 0% participants of companies in achieving growth rates over 1000% has been on 2009 a downward trend 2010 over years 2011 as over growth 2012 rates continue 2009to ease. As 2010 similar trend 2011 is true for the 2012 lower % band, resulting in a concentration between the % group which constituted over 55% of the participants in Number of companies achieving growth rates over 1000% has been on a downward trend over Number of companies achieving growth rates over 1000% has been rates on a continue downward to ease. trend over As similar years as trend over is growth true for the lower % band, resulting in a conce rates continue to ease. As similar trend is true for the lower % % band, resulting group which in a concentration constituted between over 55% the of the participants in % group which constituted over 55% of the participants in % 40% 45% 35% 40% 30% 35% 25% 30% 20% 25% 20% 15% 15% 10% 10% 5% 5% 0% 0% Revenue Levels Revenue Levels 45% 40% 35% 30% 25% 20% 15% 10% 5% % Revenue Levels 2M or less 2M-5M 2M or less In 2012, about 60% of the winning companies 2M or less 2M-5M 5M-10M had an annual revenue of 5M or less, compared 2M-5M 5M-10M 10M-30M to about 55% in Number of companies 5M-10M larger than 30M continued to fall where the 10M-30M 30M or more 10M-30M overall 2012 results were skewed towards smaller 30M or more 30M or more companies Create Powerful Connections Deloitte Technology Fast50 Turkey

14 Con Türk Telekom Technology Special Award 3. Innova Bilişim Türk Telekom Technology Special Award is presented to the fastest growing company among Fast50 Turkey companies that managed to make the shortlist 3 times consecutively Winner Innova Bilişim Çözümleri is a leading software developer and integrator in Turkey which provides innovative software solutions and services, covering the entire project lifecycle from consulting, design, application development and integration, to support. Established in September 1999, Innova serves its bluechip client base from main offices in İstanbul and Ankara, a manufacturing facility for kiosks, a sales office in Dubai, as well as support offices in 12 cities in Turkey. The company s areas of activity include OSS/BSS Systems for Telco operators, Financial Transaction Applications, ERP, CRM and BI systems, portals, custom software development IT systems management and infrastructure, IT security and kiosk systems. Innova has delivered solutions and services to customers in 22 countries to date. Major customers of the company are fixed line and GSM operators in Turkey and abroad, banks, as well as other prominent organizations in the manufacturing, public and service industries. Information CEO Aydın Ersöz Address İTÜ Ayazağa Kampüsü Teknokent ARI-4 Binası Maslak, İstanbul Tel +90 (212) Web Address Growth Rate 598% Information CEO Address A İT T M Tel + Web address Revenue 5 w innova Bilişim Çözümler software developer and in provides innovative softw services, covering the ent consulting, design, applic integration, to support. E 1999, innova serves its from main offices in İstan manufacturing facility for Dubai, as well as support The Company employs m 550 of which are technic industry experts. The tech of highly skilled and expe competent in a variety of platforms. 12 Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

15 Big Stars This category recognizes companies that have achieved or more during fiscal year 2011 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 impressive year-overyear growth. These companies have to devote a high percentage of effort and money to research and development of technology and develop or own proprietary technology that contributes to a significant portion of the company s operating revenues. 1. Koç Sistem As a pioneering organization of Information Technologies and Communications Sector since 1945; KoçSistem holds on to the principle of providing services for its customers in accordance with the end- to- end service concept which entails special technological solutions engineered according to specific requirements of customers, on a level reaching far beyond their expectations. KoçSistem, summarizes its corporate mission by the motto Your imagination is our strength, and helps its customers to attain their goal of sustainable growth rate with its strategy creating a difference by providing them unique technology solutions and outsourcing services. Information CEO Mehmet Nalbantoğlu Address Ünalan Mahallesi Ayazma Caddesi Çamlıca İş Merkezi B3 Blok Üsküdar, İstanbul Tel +90 (216) Web Address Revenue In conjunction with the vision of providing technology as a service, KoçSistem along with its local competence- is also one of the most effective corporations to provide technological service on international platform through strategic partnerships with the world s greatest technology manufacturers. Create Powerful Connections Deloitte Technology Fast50 Turkey

16 2. Turkcell Teknoloji Turkcell Technology is among Turkey s leading R&D and innovation companies. It was set up to develop competitive information and communication technology (ICT) services and products. The seeds of the company were laid with the establishment of Turkcell. In 2007, decision was taken to build a technology park company to provide an optimum R&D and innovation environment for Turkcell technical staff specialized in ICT since In the same year, Turkcell Technology Research & Development was founded in the TUBITAK-MAM Technology Free Zone (TEKSEB). In the beginning, 44 engineers started their activities at the TEKSEB building. Turkcell Technology has been proceeding on its path of developing services and products in the fields of Customer Relationship and Channel Management, Mobile Marketing, Business Intelligence Solutions, SIM Asset and Services Management, Roaming Solutions, Value Added Services, Operation and Business Support Systems with 410 highly qualified engineers Information CEO Kadir Semih İncedayı Address TÜBİTAK MAM Teknoloji Serbest Bölgesi, Gebze Tel +90 (262) Web Address Revenue Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

17 C 3. Innova Bilişim 3. Innova Innova Bilişim Çözümleri is a leading software developer and integrator in Turkey which provides innovative software solutions and services, covering the entire project lifecycle from consulting, design, application development and integration, to support. Established in September 1999, Innova serves its bluechip client base from main offices in İstanbul and Ankara, a manufacturing facility for kiosks, a sales office in Dubai, as well as support offices in 12 cities in Turkey. The company s areas of activity include OSS/BSS Systems for Telco operators, Financial Transaction Applications, ERP, CRM and BI systems, portals, custom software development IT systems management and infrastructure, IT security and kiosk systems. Innova has delivered solutions and services to customers in 22 countries to date. Major customers of the company are fixed line and GSM operators in Turkey and abroad, banks, as well as other prominent organizations in the manufacturing, public and service industries. Information CEO Address Information CEO Aydın Ersöz innova Bilişim Çözüm software developer an Address İTÜ Ayazağa Kampüsü provides innovative sof Teknokent ARI-4 Binası services, covering the e Maslak, İstanbul consulting, design, app integration, to support Tel +90 (212) , innova serves i Web Address from main offices in İs Revenue manufacturing facility platforms. Tel Web address Revenue Create Powerful Connections Deloitte Technology Fast50 Turkey

18 Deloitte Technology Fast50 Turkey 2012 companies achieved average revenue growth over five years of 1046 percent. This year s winner is Elkotek, with its fascinating five-year revenue growth rate of percent. The second winner is Tektronik with a remarkable revenue growth of percent. Our third winner is FG Digital Teknolojiler 4345 percent revenue growth. 16 Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

19 The Winners: Top ten companies 1. Elkotek 2. Elkotek Elkotek İletişim was established in 1994 as the R&D Company of Elkotek Group of Companies in order to develop firmware for the ADSL CPEs that Elkotek Mühendislik was distributing under various brands to the Turkish market. In 2006 an IP Voice Platform, branded as Inteliex was successfully developed by the Elkotek engineers. Inteliex, which was first launched in CeBIT - Hannover 2007, is a competitive and flexible supplementary solution that adds next generation functionality to traditional and hybrid Private Branch Exchanges systems including Call Center, Voice Recording, VoIP, IVR, Voice Mail, Call Attendant, MeetMe Conference, Text-to-Speech, Outbound Call, Click-to-Call. Inteliex received 2008 TESID (Turkish Electronics Industrialists Association) Innovation & Creativity Award. Information CEO Hakan Tahiroğlu Address Gazeteciler Sitesi Sağlam Fikir Sokak No:3 Esentepe/Şişli, İstanbul Tel +90 (212) Web Address Growth Rate 13880% Elkotek İletişim was established in 1994 as the R&D company of Elkotek Group of Companies,in order to develop firmware for the ADSL CPEs that Elkotek Muhendislik was distributing under various brands to the Turkish market. In 2006 an IP Voice Platform, branded as Inteliex was successfully developed by the Elkotek engineers. Inteliex, which was first launched in CeBIT - Hannover 2007, is a competitive and flexible supplementary solution that adds next generation functionality to traditional and hybrid Private Branch Exchanges systems. Inteliex received 2008 TESID (Turkish Electronics Industrialists Association) Innovation & Creativity Award. Informa CEO Address Tel Web ad Growth Today, E qualified develop only Elk some o and abr Knowin Elkotek R&D en Create Powerful Connections Deloitte Technology Fast50 Turkey

20 2. Tektronik Tektronik is the leading Hardware-Software integration company in Turkey, targeting Defense & Aviation, Telecommunications, Industrial, Automotive and Medical sectors. Tektronik has 17 years of expertise in Embedded Systems design and integration. Tektronik Engineering and Trade Ltd, headquartered in Ankara, Turkey; represents and distributes world s leading cutting edge embedded electronic hardware and embedded systems design and development software in Turkey and Middle East; offers embedded system design, implementation, integration services as a turnkey system, or as a subsystem or as subcontracting to its customers. Tektronik invests a regular 5% of its turnover to R&D, and offers technology solutions around: Embedded Computers, Embedded Hardware and Software Integration, Real Time Operating Systems, Hardware and Driver integration, Model based Real-Time system design and certification solutions, Distributed Real-Time Systems. Information CEO Hakan Yavuz Address Mahatma Gandhi Cad. 68A/2 GOP, Ankara Tel +90 (312) Web Address Growth Rate 11368% 18 Create Powerful Connections Deloitte Technology Fast50 Turkey 2012

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