Only one Romanian company was included this year in Deloitte’s Technology Fast 50 Central Europe ranking of the most dynamic IT companies in the region, down from three in 2017, four in 2016 and ten in 2015.

Over 20 Romanian companies entered the competition for this year’s edition of the program, according to Deloitte.

Trencadis, a technology company specialized in software solutions for the government and the business environment, is 13th in the Fast 50 ranking, with a revenue growth rate of 730%. This is the fourth year that the company enters the ranking.

Established in 2007, Trencadis currently operates in Bucharest, Cluj-Napoca, Baia Mare and Oradea, and had a turnover of EUR 5.96 million in 2017.

The language-learning company Mondly, which created a platform that uses state-of-the-art technologies such as like chatbots with speech recognition, augmented reality and virtual reality to help people learn languages, was included in the Rising Stars category, which marks younger businesses with minimum three years of activity and revenues of at least EUR 30,000, which are ineligible for the main Fast 50 ranking, but have recorded such strong growth that they are likely to feature in the Fast 50 in years to come.

Founded in 2013, Mondly is in the Fast 50 program for the first time and ranked seventh among the ten Rising Stars with a revenue growth rate of 854%.

The 2018 Fast 50 ranking is led by two Czech businesses which also featured in last year’s top five. This year’s winner is the 3D-printing company Prusa Research, with an impressive revenue growth rate of 17,118%, followed by the online flight-booking powerhouse Kiwi.com, last year’s winner, with a revenue growth rate of 14,377%.

Going global: Romanian IT companies that have grown into international brands

editor@romania-insider.com

(photo source: Pixabay.com)