Deloitte Romania opens application for the 20th edition of Technology Fast 50 Central Europe competition

Deloitte Romania opens application for the 20th edition of Technology Fast 50 Central Europe competition, the regional ranking for fast growing companies in the technology sector. Large and small local companies, public and private, can now apply for the competition, simultaneously with companies in other 17 Central European countries, namely Albania, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Serbia, Slovakia and Slovenia.

The Deloitte Technology Fast 50 Central Europe is a program that ranks 50 fast growing technology companies, based on percentage revenue growth over the previous four years and includes all related industry sectors – communications, environmental technology, fintech, hardware, healthcare and life sciences, media and entertainment, software. The competition provides both established and emerging technology companies the platform to highlight their leading position in their field of activity.

For the Fast 50 2019 edition, winners are selected by ranking their revenue growth for the period 2015-2018. In order to be considered eligible for the main CE Fast 50 ranking, companies must meet several financial criteria. Thus, they will have to have a minimum €50,000 annual operating revenue in the first three years (2015-2017) and at least €100,000 in 2018, be headquartered in Central Europe and own proprietary intellectual property or proprietary technology.

In 2018, two Romanian companies were present in the fast 50 ranking, Trencadis and Mondly. The first one, specialized in software solutions for the government and business environment, founded in 2007, ranked 13th in the 50 fastest growing, with a revenue growth rate of 730%. The second one, Mondly, a platform that uses cutting-edge technologies like chatbots with voice recognition, augmented and virtual reality to help users learn foreign languages, entered the “Rising Stars” category.