The five Romanian companies are Vola.ro (ranked 17th), TeamNet International (ranked 217th), Crys Computers (333rd), SmartTel (487th) and Fortech (491st).

The annual ranking includes the fastest growing public and private technology, media, telecommunications, life sciences and clean technology companies from 24 countries in EMEA. The top is based on companies’ five-year revenue growth.

The revenues of Vola.ro rose 17,323% between 2007 and 2011. TeamNet International, Crys Computers, SmartTel and Fortech registered revenue growth of 639%, 431%, 288% and 286%, respectively.

French company YMagis is ranked first with revenue growth of 59,096%.