Thirteen Romanian companies have been included in Deloitte’s Technology Fast 500 ranking 2015 for Europe, the Middle East, and Africa (EMEA), accounting for about one-fifth of the total number of finalists coming from Central Europe. The highest placed in the ranking is media company ZebraPay with an average growth rate of 998% during the past four years (2010-2014). The Technology Fast 500 list is compiled by the Deloitte Technology Fast 50 program and nominations are submitted directly to the Technology Fast 500.
“Achieving a position in the EMEA Fast 500 is always an impressive feat but the rates of growth for this year are particularly inspiring. I would like to congratulate all the Romanian companies whose results highlight the strength and determination of the Technology sector in the country," said Alina Mirea, Partner Deloitte Romania and Fast 50 country leader.
As compared to the regional Fast 50 ranking launched in October 2015, three new companies from Romania have entered the ranking: Accesa IT Consulting, dcs plus and Gama IT.
Table 1. Deloitte’s Technology Fast 500 EMEA 2015 feature 13 Romanian companies
The ranking now in its 15th year is an initiative of the Deloitte Global’s Technology, Media & Telecommunications (TMT) industry group and places the Dutch online auction house Catawiki in the top spot among the region’s 500 fastest growing companies. Overall, the EMEA region saw a 1,012% average rate of growth in revenue, with companies from over 20 countries featuring in the rankings.
Entrants in the ranking may be either public or private companies but must be a ‘technology company’, headquartered in EMEA. A ‘technology company’ is defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues, or manufactures a technology-related product, or devotes a high percentage of effort to the research and development of technology. Using other companies' technology in a unique way does not qualify.
France again dominated as the country with the most entries in the top 500 overall for a fifth consecutive year, and the rest of the top 5 represented countries are rounded off by the same locations as 2014 including the United Kingdom, Norway, Netherlands and Sweden. Two Israeli companies featured in the top 5, and 4 of the top 10 ranked companies are from the United Kingdom.
The Software sector represented 52% of the overall rankings on this year’s Fast 500, followed by the Media sector with 18%. Rounding out the sector list is Communications (10%), Hardware (10%), Life Sciences (6%) and Clean Technology (4%).
The full list of ranked companies as well as additional details on the Deloitte Technology Fast 500 program can be accessed at www.deloitte.com/fast500emea
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© 2015 Deloitte Romania