fast50We are proud to announce that Magisto was named Number 9 on the 2014 Deloitte Israel Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel.

To determine the fastest growing companies, Deloitte reviewed fiscal year revenues over five years (2009-2013), calculated the revenue growth percentage over five years, and compared the growth of technology companies.

Making this list is quite an accomplishment and we’re proud to share this recognition with a group of other great companies, including Taboola, Superfish, Valens, Hiro Media, Celeno Communications, myThings, Wix.com, Leverage, Clarizen and others. You can click here to check out the full list.

The average exit amount of the private companies that won the Fast50 at the last year was $209 million, nearly four times the average amount of all Israeli companies that exited in the last 10 years ($54 million).

“Being one of the 50 fastest growing technology companies in Israel is a remarkable accomplishment. We commend Magisto for making the Deloitte Technology Fast 50 with an extraordinary 2315% growth rate over five years”, said Tal Chen, partner in charge of the Deloitte Brightman Almagor Zohar Technology Fast 50 Program.