Top 50 fastest growing tech companies in the region

More than half of the Romanian technology companies registered in this year’s Deloitte Central Europe Technology FAST 50 competition have qualified for the final top, with two companies included among the first ten: Bucharest-based TeamNet International (second place) and Cluj-Napoca-based AROBS Transilvania Software.

Now at its 10th edition, the Deloitte Central Europe Technology FAST 50 ranks the fastest growing tech companies in the region, based on the growth rate of their revenues companies have experienced over the last five years (2004-2008). Entrants must also own intellectual property that significantly contributes to the company’s operating revenues; or they must devote a significant portion of revenues to research and development of technology.

The list of Romanian finalists includes software developers: TeamNet International (2nd place, with a growth rate of 3,317%), AROBS Transilvania Software (8th, +1,663%), Timisoara-based LASTING Software (29th, +487%), Iasi-based The RED Point (35th, +430%), and Bucharest-based Advantage Software Factory (45th, +350%), and Romanian Soft Company (47th, +312%).

Arobs reported first-half revenues of €3 mln, 10% more than year-ago period.