Deloitte, one of the world’s leading professional services firms, annually draws up the Rising Star list of elite Central European technology businesses, based on the companies’ annual revenue increases. Nominees entered this year from 10 Eastern European countries (Hungary, Bulgaria, Croatia, Czech Republic, Estonia, Lithuania, Poland, Romania, Serbia, and Slovakia).

Achieving eighth place among the ‘Rising Stars’, Nav N Go is the only Hungarian company this year to make this special category of the region’s dynamically growing technology enterprises. Analysts believe that if its outstanding results continue, the software company, which develops 3D navigation solutions, stands a good chance of taking the lead in the main Technology Fast 50 category in the coming year.

The Rising Star Award was presented to Tamás Vahl, CEO of the software development company, at the Budapest award ceremony on October 20th, 2009.

“As a young and developing company, rewards received for our financial results, like Deloitte's award, are particularly important to us, as they give credit to our economic stability, which is highly substantial in business life" explained Tamás Vahl. “In addition, this award acknowledges the success of our activities and also contributes to consolidating the company's reputation.”