Deloitte Romania opens application for the 22nd edition of Technology Fast 50 Central Europe competition, addressed to large and small local companies in the technology sector, public and private, which register accelerated growth. Providing both established and emerging technology companies the platform to highlight their leading position in their field of activity, the competition is held simultaneously in other 17 Central European countries, namely Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Serbia, Slovakia and Slovenia.
The Deloitte Technology Fast 50 Central Europe is a program that ranks 50 fast growing technology companies, based on percentage revenue growth over the previous four years and includes all related industry sectors – communications, environmental technology, fintech, hardware, healthcare and life sciences, media and entertainment, software.
This year’s winners are selected by ranking their revenue growth for the period 2017-2020. In order to be considered eligible for the main CE Fast 50 ranking, companies must meet several financial criteria. Thus, they will have to have a minimum €50,000 annual revenue in the first three years (2017-2019) and at least €100,000 in 2020, be headquartered in a Central Europe country and own proprietary intellectual property or proprietary technology.
“Despite generating unprecedented challenges and uncertainty, the health crisis was also a catalyst of digital transformation, increasing the appetite in which companies both adopted and developed technologies capable of shaping the world. Locally, the Deloitte Central Europe Technology Fast 50 programme will represent for many players the recognition of their great leadership, entrepreneurial spirit and continued ambition to succeed in times when the tech industry proved resilience,” said Andrei Ionescu, Partner-in-Charge, Consulting and Risk Advisory, Deloitte Romania, and Local Leader for Technology Fast 50 Central Europe competition.
Since 2008, more than 30 local businesses have been either included among the fastest growing 50 companies in Central Europe or awarded with distinctions in special categories, such as “Rising Stars”. They include, UiPath, a global leader in robotic process automation, one of the Romanian companies recognized in 2017 with the “Rising Stars” award, and the travel agency Vola.ro, awarded for the “Biggest Growth in Central Europe” in 2011 and holder of the first position for the next two consecutive years. In 2020, three Romanian companies were recognized by Deloitte CE Fast 50 programme with the Impact Star Award: DCS Plus, Druid and Tremend.
In addition to the “Fast 50” category, the competition includes the “Companies to watch” category, the newest addition to the ranking, which showcases companies that do not fulfill the criteria for the main Fast 50 ranking yet and is broken down into two subcategories: “Investment Stars”, ranking ten companies that have received the highest amount of investment between January 1, 2018 and May 31, 2021, and “Growth Stars”, ranking ten companies that have shown natural growth over a period of three years. The competition has one special recognition, the “Impact Stars” category, which recognizes a company for successfully linking great products and services with a positive impact on society, business, innovation, environment and diversity.
The application process will close on August 31, 2021. The ranking results will be announced in November 2021.
Historical winners are available here.