Romanian companies Trencadis and Mondly have made it to Deloitte’s 2018 Technology Fast 50 Central Europe, in the main category, Technology Fast 50 ranking, respectively in the Rising Stars category. Over 20 Romanian companies entered the competition for this year’s edition of the program that recognizes the most dynamic technology companies in Central Europe. The technology company Trencadis, specialized in software solutions for the government and the business environment, is the top-ranked Romanian business, in 13th place in the Fast 50 ranking, with a revenue growth rate of 730%. This is the fourth year that the company enters the ranking. Established in 2007, Trencadis currently operates in Bucharest, Cluj-Napoca, Baia Mare and Oradea, and had a turnover of EUR 5.96 million in 2017. The language-learning company Mondly, which created a platform that uses state-of-the-art technologies such as like chatbots with speech recognition, augmented reality and virtual reality to help people learn languages, has been recognized within the Rising Stars category, which marks younger businesses with minimum three years of activity and revenues of at least €30,000, which are ineligible for the main Fast 50 ranking, but have recorded such strong growth that they are likely to feature in the Fast 50 in years to come. Founded in 2013, Mondly is for the first time in the Fast 50 program and ranked seventh among the ten Rising Stars with a revenue growth rate of 854%. “We are proud to see two Romanian companies making the top this year. This shows that the great innovative potential is brought into products and services, generating fast growing returns. The competition with Central European peers is very tough and those countries which will manage to turn into a technology hub will be the long term winners,” said Dinu Bumbacea, Consulting Partner in Charge, Deloitte Romania. The Central European results With this year’s edition, Deloitte CE Technology Fast 50 hit a new record of 1,290% average growth between 2014 and 2017 delivered by the companies featuring in the ranking. This is the third consecutive year that the average growth rate has broken through the 1,000% mark, once again highlighting the medium-term sustainability of Central Europe’s continuing tech boom. The 2018 Fast 50 ranking is led by two Czech businesses which also featured in last year’s top five. This year’s winner is the 3D-printing company Prusa Research, with an impressive revenue growth rate of 17,118%, followed by the online flight-booking powerhouse Kiwi.com, last year’s winner, with a revenue growth rate of 14,377%. The third-placed participant is Croatia’s Q Software, a digital solutions provider. Slido, the Slovakian audience-interaction platform for meetings and events is the fourth-placed, followed by Pilulka, a retail pharmacy business from the Czech Republic. This year saw the launch of the Social Impact Award, marking companies that contribute most effectively through their products or services to achieving at least one of the United Nations’ Sustainable Development Goals 2030 (SDGs). The winner of the inaugural award is Poland’s Saule Technologies, which has developed the next generation of solar-panel technology, using a thin, flexible foil that can be wrapped around buildings. The Most Disruptive Innovation Award, introduced by Deloitte Central Europe in 2016, recognizes the business whose inventiveness enables it to develop solutions with the potential to significantly disrupt established markets and value networks. Brolis Semiconductors, a high-tech company in Lithuania, won the award for the development of a non-invasive integrated laser-based blood constituent sensor. In 2017, the Romanian robotic process automation software company UiPath won a special distinction in the Most Disruptive Innovation category. In order to be considered eligible for the main CE Fast 50 ranking, companies from hardware, software, fintech, telecom, media, environmental technology and healthcare and life sciences industries must meet several financial criteria, among which to have minimum €50,000 revenue in the first three years and a current year operating revenue (2017) of at least €100,000, be headquartered in Central Europe, and own proprietary intellectual property or proprietary technology. Winners are selected by ranking their revenue growth over the four years from 2014 to 2017. Companies from ten countries are represented in the ranking. Poland leads in terms of number of businesses that entered the Fast 50 ranking, with 18 companies, followed by Lithuania, with 8, and Croatia and the Czech Republic, with 7. Companies representing the software solutions sector dominate the ranking, with 32 entries, followed by media & entertainment businesses, with 11 companies, and hardware (7).
The post Two Romanian companies in Deloitte 2018 ranking Fast 50 in Central Europe appeared first on Nine O clock.
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
