Creator of mobile payment platform Fortumo wins Estonian Entrepreneurship Award 2011
15 September 2011 (BNS)
The main award of the competition Entrepreneurship Award 2011, organized by Enterprise Estonia, went to the creator of a mobile payments platform Fortumo OU.
The Most Competitive Estonian Companies Ranking 2011, compiled by the Estonian Chamber of Commerce and Industry and the Estonian Employers Confederation, which also was made public at the gala in the Estonia concert hall Wednesday night, was topped by the EMT mobile services subsidiary of the Teliasonera holding Eesti Telekom.
Fortumo is a mobile payments platform created in 2007 that is now available in over 60 countries worldwide. Its offices are situated in Estonia and in Silicon Valley. Fortumo's clients can provide their customers with the ability to make safe and secure mobile payments in real-time from any device, such as PC, smartphone, tablet or wi-fi.
In addition to the two main awards winners were announced in six different categories and the most competitive companies selected in 13 categories.
ZeroTurnaround won the title of Innovator 2011 with its software product JRebel, which makes the work of Java programmers more efficient and reduces programming installation time. As of today, the company has sold over 6,000 JRebel licences in more than 65 countries and exports account for nearly 100 percent of its product sales. The company's clients include, among others, Apple, IBM, Cisco, HP, LinkedIn, Twitter, Foursquare, JPMorgan and many others.
The Foreign Investor of the Year title went to ABB, which is in the middle of bringing its Estonian operations together in the innovation city in Juri to the south of Tallinn. ABB is vigorously investing in development and engineering activity in Estonia.
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