Home > Press > 2002: Europe's 50 Hottest Tech Firms
 
 
 
Europe's 50 Hottest Tech Firms
Manfred Stefener

 
Norwood Systems*
Private company based in Richmond, England
CEO: Paul Ostergaard
What it does: Uses Bluetooth wireless technology for office connectivity.
Why it's hot: Reduces telecom costs while giving employees the freedom to communicate without being tied to their desks.
www.norwoodsystems.com

Pocit Labs
Private company based in Uppsala, Sweden
CEO: Christer Rindebratt
What it does: Produces software for Bluetooth wireless communications.
Why it's hot: Once switched on, a mobile phone equipped with BlueTooth and BlueTalk software will automaticallty spot similarly equipped devices and synchronize them for multi-player gaming or chatting. The company won first prize for the most innovative use of Bluetooth technology at the Bluetooth Congress in 2001.
www.pocit.com

Red-M
Private company based in Wooburn Green, England
CEO: Mike Wilson
What it does: Combines multiple local wireless technologies in a single platform.
Why it's hot: Red-M’s technology allows the delivery of voice, video and data services across a variety of wireless networks—including Bluetooth and 802.11 —to a range of devices from mobile phones to personal digital assistants.
www.red-m.com

Symbian
Private company based in London, England
CEO: David Levin
What it does: Wireless software.
Why it's hot: The recent decision by Siemens to take a 5% stake gives Symbian another ally in its battle with Microsoft to become the leading operating system for mobile phones. Symbian’s other shareholders include Nokia, Psion, Sony/Ericsson, Matsushita and Motorola.
www.symbian.com

BUSINESS APPLICATIONS
These companies make the under-the-hood stuff to help the Internet truly revolutionize the way we live and work.

Autonomy*
Public company based in Cambridge, England and San Francisco, California
CEO: David Mike Lynch
What it does: Autonomy’s software uses pattern recognition to identify concepts, tag them and automatically set up hyperlinks with related information on company Intranets and the Web.
Why it's hot: Analysts give it high marks for the efficient way it solves content and knowledge-management issues for corporations.
www.autonomy.com

Kiala*
Private company based in Brussels, Belgium
CEO: Denis Payre
What it does: Provides software backbone and distribution services to direct vendors in Europe, from catalog retailers (La Redoute) to beauty companies (Yves Rocher).
Why it's hot: Headed by two of Europe’s most experienced serial entrepreneurs, it is the first to target this specific market in Europe.
www.kiala.com

Open Business Exchange Private company based in London, England
CEO: Alain Falys
What it does: Enables large buyers of goods and services to receive electronic invoices from suppliers directly into their accounting and other systems.
Why it's hot: In the U.S. and Europe more than 15 billion paper invoices are processed each year, at an estimated cost of $40 per invoice. The company automates the back office functions of both buyers and suppliers resulting in potential cost reductions of some 80%.
www.obexchange.com
SAP*
Public company based in Walldorf, Germany
CEOs: Hasso Plattner and Henning Kagermann
What it does: Designs and implements efficiency-building software that consolidates company information, from order taking to production and accounting.
Why it's hot: In an economic downturn, products that make businesses more efficient are in demand. Thirty-year-old SAP had revenues of $6.53 billion and profits of $1.68 billion in 2001.
www.sap.com

Streamserve
Private company based in Stockholm, Sweden and Lexington, Massachusetts
CEO: Nick Earle
What it does: Business communication software for the management of document exchange between different computer and software systems.
Why it's hot: It has more than 3,000 global customers across a wide range of industries and partnerships with major software and hardware vendors such as SAP, Oracle and Hewlett-Packard.
www.streamserve.com

Systinet* (formerly Idoox)
Private company based in Prague, Czech Republic and Cambridge, Massachusetts
CEO: Roman Stanek
What it does: Provides a software platform for Web services.
Why it's hot: Web services have emerged as the next generation of distributed computing. And Systinet is well positioned to be a leading independent software-platform provider for Web services, even though Microsoft is a competitor.
www.systinet.com

EMERGING TECHNOLOGIES
These companies provide a glimpse of things to come.

Cambridge Display Technologies
Private company based in Cambridge, England

CEO: David Fyfe
What it does: Creates a new class of flat panel displays from light-emitting polymer technology.
Why it's hot: As the inventor and licensor of the technology, the company is laying the groundwork for lighter, brighter, less power-consuming displays for mobile phones and eventually televisions.
www.cdtltd.co.uk

MEMSCAP
Public company based in Ismier, France and San Jose, California
CEO: Jean-Michel Karam
What it does: Provides the wireless and optical-communications industries with microelectromechanical systems, or mems, which are used to integrate miniature devices, such as gears, motors, mirrors and levers, with controlling electronics.
Why it's hot: It is the first European public company specializing exclusively in mems technology, which can help improve product performance by miniaturizing functions and equipment.
www.memscap.com

Smart Fuel Cell
Private company based in Brunnthal-Nord, Germany
CEO: Manfred Stefener
What it does: Makes a micro fuel cell that runs on methanol, providing much longer life than any other portable battery.
Why it's hot: It aims to replace the batteries used in today’s laptops and camcorders.
www.smartfuelcell.com


Firms marked with an asterisk (*) appeared on Time’s 2001 list of the hottest tech companies in Europe.

By TIME’s Jennifer L. Schenker, with input from independent analyst Ron Belt, as well as venture capitalists and research firms: Accel Partners, Apax, Ariadne Capital, Atlas, Brainheart Capital, Deloitte Touche, edVentures, Gartner Group, IDC, Index Ventures, Insight Capital Partners, Intel Capital, Lightreading, Merlin BioSciences, Northzone, Philips Venture Capital, Sofinnova Partners, Wellington Partners and 3i.

 
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