Technology Fast 500 EMEA

Tremend, Trencadis and Accesa are the Romanian companies in the Deloitte Technology Fast 500 EMEA ranking

Tremend, Trencadis and Accesa represent Romania in this year’s Deloitte Technology Fast 500 ranking, representing the fastest growing technology companies in the EMEA region. 

The three Romanian companies are part of the 39 Central European group of companies that have made it to the ranking, after they have previously been included in the Fast 50 ranking representing the fastest growing companies in the region.

Codewise, a Polish marketing technology company, has been ranked as the highest in Deloitte Technology Fast 500 EMEA, taking the 3rd place with a revenue growth of 13,052%, while the ranking leader, Fingerprint Cards, a Swedish company operating in the biometrics industry, reported a 28,000% revenue growth over the last four years.

Tremend, a company specialized in software solutions and consultancy with more than 11 years in the business, is the best positioned Romanian company, reaching the 285 place with a growth rate of 399%. Trencadis, a systems integration company whose main goal is to optimize and innovate institutions’ and companies’ work processes in relation to citizens and customers, is on the 301 position with a growth-rate of 383%, while Accesa, a company powering digital experiences through cloud, mobile & connected devices (IoT), is on the 353 position, with a 330% growth.

”The Romanian technology sector has long been recognized for its innovation and the dedicated and skilled teams. Technology Fast 500 EMEA ranking demonstrates that innovation ultimately drives growth, even in a maturing and more competitive market like the current one,” said Alina Mirea, Partner and program coordinator for Deloitte Romania.

This year's edition of Deloitte Technology Fast 500 EMEA has been dominated by the software industry companies, accounting for more than half of participants. The media sector is represented by 24% of the companies, with the communication sector coming third (over 10% of participants). The average growth rate of the revenue generated by all ranked companies has reached 967% versus 1,012% achieved last year. 

The CE region has 39 representatives in the EMEA ranking: Poland is represented by 15 businesses, six come from the Czech Republic, four from Slovakia, while Croatia, Romania and Hungary are represented by three businesses each. Bosnia and Herzegovina, Bulgaria, Lithuania, Serbia and Slovenia have one representative each. 

About the Deloitte 2016 Technology Fast 500 EMEA program

The Deloitte Technology Fast 500™ EMEA ranking recognizes technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East, and Africa (EMEA) during the past four years. In its sixteenth year, the program includes over 20 countries, including Belgium, France, Finland, Germany, Italy, the Netherlands, Turkey, Central Europe and the UK. 

To qualify for the ranking, businesses need to fulfil the following criteria: 

• Develop or create propriety technologies and/or spend a significant amount of capital on research & development; 
• Have an ownership structure that excludes majority-owned subsidiaries of strategic entities; 
• Have its headquarters in a participating country; 
• Remain in business for at least 4 years and have base-year operating revenues of €50,000 and a current year operating revenue of at least €800,000.

As many as ten CE firms have been ranked in the top hundred of Fast 500

Codewise, a Polish provider of e-marketing tools and the winner of Technology Fast 50, has been ranked third. In 2012-2015 its revenue growth exceeded 13,000 percent.

Poland is represented by the total of 15 businesses in EMEA Technology Fast 500, while the CE region has 39 representatives. Six come from the Czech Republic, four from Slovakia; Croatia, Romania and Hungary are represented by three businesses each, while Bosnia and Herzegovina, Bulgaria, Lithuania, Serbia and Slovenia have one representative each.

As in previous years, France has been represented by the largest number of companies (94). The UK and the Netherlands come second and third, respectively.

Traditionally, this year's edition of Deloitte Technology Fast 500 EMEA has been dominated by software industry companies, accounting for more than half of participants. The media sector is represented by 24 percent of companies, with the communication sector coming third (over 10 percent of participants).

About the ranking

Deloitte Technology Fast 500 EMEA ranking presents 500 fastest-growing technology innovation businesses in the region, ranked by revenue growth rate. The nominated businesses come from regional editions (the basic category). Poland has been included in Technology Fast 50 Central Europe ranking published in October 2016.

To qualify for the ranking, businesses need to fulfil the following criteria

• develop or create propriety technologies and/or spend a significant amount of capital on research & development; 
• have an ownership structure that excludes majority-owned subsidiaries of strategic entities; 
• have its headquarters in a participating country; 
• remain in business for at least 4 years and have base-year operating revenues of €50,000 and a current year operating revenue of at least €800,000.