Sweden Technology Fast 50 is both an objective ranking of the fifty fastest growing technology companies in Sweden and an annual award presented to them. In addition there is a category called Rising Stars for companies with a brief history in business, rapid growth and the potential of becoming the Fast 50 of tomorrow.

Hans von Knorring, managing director of Itello, comments on the outcome:

• We are obviously proud of being seen as a Rising Star. Our growth is a testament to the great confidence we enjoy from our customers and their recurring willingness to invest in our solutions.  Rapid growth alone is not our primary goal but rather a result of our endeavours. Our focus is instead to invest heavily in the development of our business system Inca. We are expanding carefully, always attracting staff with the requisite domain expertise and understanding in the areas of unit linked, insurance and pensions. This is the key to our success. We are convinced that what we have to offer our customers is certain to generate growth in the future.

Of the companies ranked as Rising Stars, 36 percent are in software, 28 percent are life sciences/biotech companies and 24 percent are in the semiconductor industry.
A smaller percentage of companies are in Internet and communications.