Baia Mare-based Trencadis, specialized in software solutions for the governmental and business environment, placed 13th in the Deloitte Technology Fast 50 ranking, with a revenue growth rate of 730%.
It is the fourth year in which Trencadis makes it into the ranking. Established in 2007, Trencadis currently operates in Bucharest, Cluj-Napoca, Baia Mare and Oradea and had a turnover of EUR5.96 million in 2017.
The second company targeted by Deloitte is Mondly, which created a platform using state-of-the-art technologies, such as voice-activated chatbots, augmented and virtual reality, to help users learn foreign languages. Mondly made it into the Rising Stars category, which includes young businesses whose strong growth could propel them into the Fast 50 ranking in coming years.
Established in 2013, Mondly is listed for the first time in Fast 50 and ranks 7th among the ten Rising Stars companies, with a revenue growth rate of 854%.
”The competition against other companies in Central Europe is very harsh and the countries able to become a technologic hub will be long-term winners”, said Dinu Bumbacea, consulting practice partner within Deloitte Romania.
With this year’s edition, Deloitte CE Technology Fast 50 hit a new record of the average growth rate of companies listed in the ranking, of 1,290% between 2014 and 2017. It is the third consecutive year in which the growth rate overshot the 1,000% threshold, which emphasizes the medium-term sustainability of the continuous technologic boom in Central Europe.