Twenty-seven Israeli companies are included on this year’s Deloitte Technology Fast 500 EMEA list, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in Europe, the Middle East and Africa (EMEA).

Magisto, AnyClip, Taboola, Crossrider and Trax topped the Israel Fast 50 rankings, which are based on the percentage of revenue growth over the last four years. The Deloitte Technology Fast 50 initiatives, which rank high-growth technology companies by specifically defined geographic area, feed into the Fast 500 EMEA list.

The 16th Deloitte Technology Fast 500 EMEA program in 2016 included 28 countries and growth rates from 212 percent to 28,126 percent.

“Innovation is more than technological advancement; it’s also a state of mind,” said Paul Sallomi, vice chairman, Deloitte LLP and global technology, media and telecommunications industry leader. “The winners of the Deloitte Technology Fast 500 program in EMEA recognize that this new type of thinking is essential for business success. We look forward to your continued leadership in introducing new tools that can enhance the personal lives of consumers and drive growth for companies worldwide.”

Magisto video maker recorded a growth of more than 8,000 percent in the 2012-2015 period – putting it among the Top 10 on the Global Tech Fast 500 EMEA list.

France had the most winners in the Technology Fast 500 for EMEA, followed by the UK, the Netherlands, Norway, Sweden and then, Israel.