December 19, 2006
TTTech Computertechnik AG, the leading supplier of products in the field of time-triggered systems, has been ranked 402nd among Europe’s 500 most dynamic companies in 2006. This is the fifth time in succession that TTTech has been listed for Europe’s 500. This renowned award honors the most successful mid-sized enterprises across all business sectors in 28 European countries. The winners of the annual ranking are determined on the basis of such performance criteria as growth in turnover, employment rate, and profitability. Launched in 1997, the listing is published by Entrepreneurs for Growth, an independent pan-European membership organization.
TTTech has successfully sustained its performance over the last years. The company’s continued growth and high performance resulted in yet another top ranking among Europe’s 500. Since 2002 TTTech was able to increase its employment rate by 34.4%.
Georg Kopetz, co-founder and member of executive board of TTTech, commented this year’s excellent ranking among Europe’s 500: “This is evidence of the high-level customer satisfaction with the company’s first-class products and services. It also proves that TTTech has strengthened its position as the leading supplier in the field of time-triggered systems and is well on its way from know-how leader to market leader.”
TTTech’s solutions considerably improve the safety and reliability of distributed control systems in the transportation industries. TTTech products have won a significant share of the international market. The company collaborates closely with technology innovators and world leaders in the aerospace, automotive and off-highway industry. Major automobile and aircraft manufacturers in Europe and North America deploy TTTech’s proven communication platform in commercial production projects. The Time-Triggered Architecture (TTA) is used for a variety of advanced control systems.
Lately TTTech has won over two more prominent shareholder groups. firstVentury, a high tech investor company active in Europe and in the USA, made an investment of 20 million Euros (about 25 million US dollars). Additionally, AUDI AG, the renowned international automotive company, acquired a minority participation in TTTech.
By November 2006, the company has 150 employees worldwide. It maintains business locations in Austria, Germany, Italy, Romania, the United States, Japan, and Korea.
Further information on Europe’s 500 is available at www.europes500.com.