Trencadis, based in Baia Mare, is the Romanian company with the largest revenue growth rate, of 710%. For the second time in the Deloitte Technology Fast 50 ranking, and climbing to the 19th spot, versus 40th in 2015, Trencadis is a systems integration company whose main goal is to optimise and innovate citizen and customer-related work processes between institutions and companies.
For the first time in in the Deloitte Technology Fast 50 ranking, Timisoara-based Qualteh entered directly on the 39th spot, with a growth rate of 388%. Qualteh provides development and customisation for innovative high-quality enterprise and mobile software solutions.
With a 324% growth rate, Tremend, a Bucharest-based software company boasting over 11 years of experience, places 47th. For the second time in the Deloitte Technology Fast 50 ranking, Tremend specializes in delivering complex software solutions, incorporating advanced technologies for various clients, from innovative US start-ups to multinational enterprises in over 15 countries on three continents.
Robotic process automation software vendor UiPath is the first business ever to win a special distinction for the Most Disruptive Innovation Award which acknowledges business pioneers. Founded in 2015, UiPath aims to change the world through the automation processes and to ease people’s work, allowing them to focus more on the creative part of their work.
“Romanian tech companies have always been among the performers of the Fast 50 ranking and I am glad there is no exception this year. I would like to congratulate this year’s performers, who are young companies born in the new economy. These are companies that grow in one year as others in 100 and we support them on their scaling journey,” said Alina Mirea, Partner Deloitte Romania and local coordinator of the program.
The average growth between 2013 and 2016 for the companies included in the ranking is 1,127%. This is the second consecutive year in which the average growth exceeds 1,000%
Czech online flight-booking business Kiwi.com, with a growth rate for the past four years of 7,145%, places first in the 2017 Deloitte Technology Fast 50 ranking. In 2016, Kiwi.com placed fifth under the name Skypicker.com, suggesting that its 2021 target of becoming a world leader in online travel can be achieved. Last year’s Rising Stars winner, Lithuanian smart sports technology business Deeper, comes second and Prusa Research from the Czech Republic comes third.
The Rising Stars category includes young businesses whose strong growth could propel them into the Fast 50 ranking in coming years. This year’s Rising Star is Lithuanian 3D-model marketplaces CGTrader, with a growth rate of 3,329% in the last three years.
The Big Five category targets fast-growing larg companies whose scale makes it difficult for them to compete in revenue growth with smaller businesses in the Fast 50 ranking. This year’s winner is Czech online and real-world fashion retailer, ZOOT, with a growth rate of 820% in the last four years.
Serbia-based heating, ventilation and air-con innovator Dadanco Europe has won the Most Disruptive Innovation Award.
Companies in the IT & Digital solutions sector dominate the 2017 ranking with 39 companies. Revenue obtained in the 2013 – 2016 period was analysed for the 2017 ranking.