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Russia's Top 50 Fast-Growing High-Tech Companies
Date:11/19/2013

MOSCOW, November 19, 2013 /PRNewswire/ --

The second TechUp ratings for Russia's fast-growing high-tech companies have been published. "TechUp-2013" was organized by RVC in partnership with the Association of Innovative Regions of Russia (AIRR), Vnesheconombank (VEB) and the PwC audit and consulting network.

     (Photo: http://photos.prnewswire.com/prnh/20131118/653603-a )
     (Photo: http://photos.prnewswire.com/prnh/20131118/653603-b )
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     (Photo: http://photos.prnewswire.com/prnh/20131118/653603-d )

The rating started in 2012 to determine Russia's most dynamic innovation and technology companies. In 2013, PwC developed the methodology. Companies meeting the following criteria were assessed:

  • revenues of 100 million to 10 billion rubles
  • average annual revenue growth of at least 15%
  • average expenditure on R&D and technology innovation of 2-10% of revenues.

The rating only included companies which exceeded the average performance levels for their respective sectors over the past three years. Further key criteria could include the successful market launch of at least one new product or service based on the company's own intellectual developments or raising at least 30% of revenues from sales, depending on the sector.

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SOURCE Open Joint-Stock Company “RVC”
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