The pace of change among Central Europe’s fastest-growing technology companies is faster than ever, with average growth rates almost doubling from a year ago. Companies representing IT & Digital Solutions dominate this edition of Deloitte’s Central Europe Fast 50 ranking.
Thus, on domestic market, software solutions and consultancy company Tremend ranks 37th in the Fast 50 category, the highest among the Romanian companies. Tremend has more than 11 years on the market and over 60 million start-ups, SMEs or Fortune 500 companies from 15 countries are using its platforms. Trencadis, a technology company which simplifies processes for companies and institutions ranks 40th, followed by web developer and marketing online company Webventure (46th) and Accesa (49th), a technology company in the airspace and hospitality industry.
“For the past years, the tech start-up activity in Romania has been bubbling and this has been brought many times to our attention by international media. Whether the country will be the next tech hub of Europe or not it depends very much on how we manage to keep our talents at home and need to invest in their education,” said Alina Mirea, Partner and program coordinator for Deloitte Romania.
“I am glad that the Fast 50 program has continued to spur interest among the Romanian companies and four of them have made it among the most dynamic in the region while one has made it among the Big 5,” she added.
On the other hand, Romania’s Vola.ro maintains the growth record of 17,323 percent registered by in 2012.
Nine of the top ten places in the 2016 Deloitte CE Technology Fast 50 report, which ranks the companies showing the strongest revenue growth rate between 2012 and 2015 are new entries to the ranking. In total, 43 companies were new entrants, emphasizing the dynamic rate of change affecting the region’s burgeoning technology companies.
The entire top five entrants in the ranking are new to the Fast 50 this year. First place in the 2016 ranking goes to the Polish tech marketing hub and software business Codewise, whose amazing three-year growth rate of 13,052 percent eclipses the still highly impressive 4,555 percent it recorded in 2015 when winning the Rising Stars award. Codewise also won the Big Five award this year, an exceptional achievement for a company that just 12 months ago was too young even to feature in the main Fast 50 report.
The second-placed CodiLime software business, from Poland, would have dominated proceedings with its exceptional three-year growth rate of 5,038 percent.
Third place in the Fast 50 goes to Czech IT services company Dataspring, with its three-year growth rate of 3,129 percent. Slovakia’s JUMP software house was fourth (1,965 percent) and fifth place was claimed by another software business, NSoft (1,760 percent), this year’s only entrant from Bosnia & Herzegovina.
The only company to retain a place in the top ten from 2015 was the ninth-placed High Tech Engineering Center from Serbia (1,109 percent), which slipped from the seventh place it achieved last year.