Four of the Romanian companies in the ranking are new-entries, and the average growth registered by Romanian companies in the ranking is 589%. Five of the companies are software developers and one is an internet company. Two are based in Bucharest, two in Cluj-Napoca, one in Baia Mare and one in Sibiu.
With a revenue growth of 1,433%, Sibiu-based ITNT ranks fourth in the regional top, the best position of a Romanian company.
Ranked for the seventh year in a row, Teamnet International Bucharest is third in the Big 5 category, which includes companies with operating revenues of at least EUR50,000, and 34th in the Fast 50 category, with a five-year growth of 424%.
Softelligence Bucharest ranks 27, with a growth rate of 459%, followed by Life is Hard SRL CLuj-Napoca on 28, with a growth rate of 453%. Fortech Cluj-Napoca ranks at 37, with 403% growth and Trencadis Baia Mare ranks at 42, with 362% growth.
The average growth rate of Central Europe’s Fast 50 technology companies rises to 698% from 671% in 2013, but well below the average growth rate of 1,026% registered in 2012.
Ten countries are represented in this year’s Fast 50 ranking, namely Poland (17 companies), Hungary (10), Romania (6), Croatia (4), Czech Republic, Lithuania (3), Slovakia (3), Serbia (2), Bulgaria (1) and Estonia (1).
Of the 50 companies ranked, 26 are new entries, ten climbed up in the ranking and 14 went down.