Ableton is One of the Fastest Growing High-Tech Companies in Germany

Oct 22, 2010, 13:04 ET from Ableton AG

BERLIN, October 22, 2010 /PRNewswire/ -- Ableton AG, one of the world's leading providers of music software, announced its ranking in the Deloitte Technology Fast 50, a listing of the fastest growing technology companies in Germany. Ranking in the listing is based on a company's aggregate percentage revenue growth calculated over the last five years, from 2005 to 2010. Ableton AG was able to tally a growth rate of over 185 percent during the period.

This makes Ableton one of the fastest growing and most innovative companies in Germany. Since its founding in 1999, Ableton has been developing and marketing modern music software for musicians, bands, film score composers and theatre sound systems. The company's flagship product, Ableton Live, has made Ableton one of the leaders in the music industry and has been distinguished with a number of coveted industry-wide awards.

"We are proud to be one of the fastest growing and most innovative technology companies in Germany," said Jan Bohl, CFO at Ableton. "We have managed to form a solid commercial framework with the development and marketing of music software over the last several years and we have a fast-growing customer base in the international music business."

About Ableton

Ableton is a corporation whose core product, Ableton Live, has become a key platform for computer-based music creation, production and performance. Ableton markets its products worldwide, and its rapidly growing user base stands at approximately 1 million users as of today. In 2009, Ableton generated revenues of EUR 13.8 million. Ninety percent of the generated revenue was achieved abroad in fiscal year 2009. Ableton employs 114 people in its Berlin and New York offices and plans to add 20 more employees this year, primarily in development."

About Deloitte Germany

Deloitte is one of Germany's leading auditing and consulting companies. Its wide range of services includes auditing, tax consultation and business and corporate finance consulting. With 3,400 employees in 18 branch offices, Deloitte has been managing a client list with companies and institutions of all legal forms and sizes and from every possible industry for nearly 100 years.

    Contact

    Ralf Kleinermanns
    T: +49(0)211/23921684
    ralf.kleinermanns@ableton.com
    http://www.ableton.com

SOURCE Ableton AG