Top 50 fastest growing tech companies in the region

21 Oct 2009

Romanian version

With a representation twice the size of last year’s, Romanian technology industry takes the fourth spot among countries in the region.

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Small industries gain ground

In 2008, it was the first time in the ranking’s history that a Romanian tech company made it into the top five. The country had three tech companies in Deloitte’s final top. The number has doubled this year, thus taking Romanian technology industry on the fourth spot among countries included in this competition, after Hungary (11), Poland (9) and Czech Republic (8).

“This year’s results clearly show the distinct evolution of each technology industry in the region. The above-mentioned leaders of the top are losing representation (with 28 firms this year, compared to 36 in 2008), as their companies are maturing and revenues can no longer grow at such fast speed. On the other hand, the smaller industries are gaining ground with more companies among finalists,” said Ahmed Hassan, Audit Partner and TMT Leader Deloitte Balkans.

“While the growth rates overall have significantly dropped compared to last year, given the global downturn, Romania maintains a faster growth rate compared to the overall average rate (+1,093%, versus +933%). This shows a major industry potential in the long run,” Ahmed Hassan added.

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