Gravity selected as one of the fastest growing CE startups!

Deloitte has selected Gravity R&D to be a recipient of The Deloitte Technology Fast 50 in Central Europe award. Gravity was awarded as the 2nd fastest growing startup in Hungary, and the 25th fastest growing startup overall in the CE region. also covered this story.


This is the 16th year that the competition has been held, where the 50 fastest growing public or private sector technology companies are ranked. Deloitte bases their decision upon financial statements and annual revenues. It’s awarded by the percentage of revenue growth as calculated over a 3 year period. Gravity grew by 466% during the selected period.

The CE Technology Fast 50 report is all about celebrating companies large and small, public and private, local and global that are delivering technological innovations which drive industry and business in our region forward. – Alstair Teare, CEO, Deloitte Central Europe

Receiving this award is a testament to just how quickly our business has expanded in the past several years. It draws attention to our innovative approach for business and potential for growth. And it comes at a good time. Our recent expansion into the hyper growth market of Southeast Asia that includes two new regional offices, several new hires, and a quickly growing portfolio of local companies, is sure to lead Gravity into several more years of outstanding growth.

Our clients are growing quickly as well. We’ve been working together with eMAG, the largest online store in Central and Eastern Europe, since 2014. When we started working together, their yearly revenue was €260 million. eMAG is now on track to reach revenues of €500 million this year, and has set likely targets to reach €1 billion by 2017. Our recommendations are improving the user experience across their site, helping people find relevant products quickly. Our cooperation with eMAG has now expanded to cover all of their country specific sites including Hungary, Poland, Romania, and Bulgaria.

It’s exciting to be recognized for all the hard work that’s been going on behind the scenes here at Gravity over the past several years. Receipt of this award places us into the spotlight and will fuel our team’s efforts moving forward to continue innovating the world’s best recommendation engine.

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Gravity R&D Partners with MageCloud

MageCloud – Simplifying Magento for eCommerce stores, Developers, and Agencies


Today, Gravity R&D and MageCloud have agreed to create a partnership. MageCloud has simplified the installation and maintenance of Magento installations for both developers and merchants. This partnership will benefit customers of both of our companies as we will be able to provide recommendation services for MageCloud’s ecommerce clients, just as MageCloud will help our clients manage their Magento installations.

By leveraging the power of Amazon Web Services, MageCloud makes Magento easier for users of all technical levels. If you’re just starting out with your first ecommerce store, you’ll appreciate how easy it is to use their platform to get a Magento store built in just three minutes without any technical skills. If you’re an experienced Magento developer or agency with tons of clients, you’ll also appreciate using MageCloud’s development and deployment automation tools that let you service all of your clients within an organized and easy to use dashboard.


MageCloud’s expertise covers all aspects of Magento. They offer various services depending on your needs, such as: reliable hosting, Magento themes, Magento extensions, migrating to Magento, Magento 2 installations, and an easy to use Magento Theme Editor. For a smooth Magento experience, there’s no better choice than MageCloud, best of all, getting started is free.


About MageCloud

MageCloud consists of a team of dedicated IT and business professionals who came together in order to make Magento more accessible for businesses and developers. MageCloud simplifies the Magento installation and management process, giving non-technical users the ability to take advantage of Magento. It also saves time for experienced developers, eliminating the mundane and repetitive task of setting up and managing multiple Magento stores for clients.

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