Analysis Into The Deloitte 50 List (Finland)
Last Friday I announced the fastest growing company in Finland according to Deloitte and I decided to dig a little more into these companies in terms of finances. So the breakdown is as follows: Company rank on the Deloitte list (2008), company name, growth percentage (from 2003 to 2007), turnover in 2007 (000's €), turnover in 2003 (000's €).
1. Futurice, 2885%, 3313, 111.
2. Openbit, 2521%, (not reported), 391.
3. Nomovok Oy, 2367%, 2319, 59.
4. Endero Oy, 1775%, 10029, 312.
5. Directa Oy, 1734%, (not reported), 166.
6. Heeros Systems Oy, 1566%, 1233, (not reported).
7. Vilant Systems Oy, 1238%, 1258, 94.
8. Bluegiga Technologies Oy, 1192%, 4340, 336.
9. Reaktor Innovations Oy, 1102%, 9255, 770.
10. Nebula Oy, 1016%, 9310, 848.
If you look at this list, the companies in general are still very small by international standards. Growing your company over a 5 year period from under a 100k to a few million should be on everyone's list and with a proper team executing it - very doable. I'm gonna get hammered here again, but I do believe that it's not that difficult up to a certain point. The real difficulty begins when you think of these companies growing from the 5-to-10 million revenues into 100-200 million revenues. How is that done? Now that's a bigger and tougher question.
I was unable to find any comparative figures for other Baltic countries nor the Nordics, but the first company from this geographical setting in the Central European list is Webmedia group from Estonia with a growth percentage of 770.
ZeroTurnaround JavaRebel to Improve Development Productivity
ZeroTurnaround JavaRebel is a product by Webmedia Ltd, an Estonian firm, which has been the fastest growing software development company in the Baltics.
ZeroTurnaround JavaRebel improves developer productivity by reducing the "turnaround" time it takes for the programmers to see the changes made to the code in action. Turnaround time refers to the time it takes to build, deploy, and initialize changes in web development to see the actual result in running application. With web development it might take several minutes, or more, for the programmers to see the changes made to the service. Big software development teams having many deployments per hour are wasting a lot of time and money with developers waiting for the deployment process to finish. The people may have hard time concentrating, and the overall productivity may be low. 
With JavaRebel the deployment process is claimed to take maximum 1-2 seconds. The company also offers JSP Weaver product, which interprets the JSP files used in web site development on-the-fly and thus reduces the time taken to reload a JSP up to 50 times down to milliseconds.
Webmedia recently announced that LinkedIn Corp. has licensed JavaRebel for all its Java engineers. According to Ivo Mägi, Chief Development Officer of Webmedia, JavaRebel has currently more than 10 000 users worldwide, and it is the first step in conquering enterprise Java development market.
The company offers JavaRebel as open source for "qualified Open Source projects" and with commercial licenses.
[Via Toivo Tänavsuu's TigerPrises.com]
