Top 50 fastest growing tech companies in the region

As in previous years, winners of the regional competition will automatically be nominated in the wider competition, Technology FAST 500 EMEA for companies in Europe, Middle East and Africa. Romania had two companies among the first 100 finalists in 2008: Arobs Transilvania (49th place) and TeamNet International (71st place).

“The level of representation of Romanian companies this year was a very nice surprise, thus confirming the strength of entrepreneurship and the potential for technology ownership within the local industry. Over the years, Deloitte’s FAST 50 and FAST 500 competitions have become representative barometers for this industry’s development all over the world, and we are glad that we have managed to generate so much interest from Romanian companies as well,” said George Mucibabici, Deloitte Romania Chairman.

“Although the business environment didn’t seem favorable at the end of 2008, we have managed to achieve growth both in 2008 and 2009, in all business segments: GPS navigations systems, car fleet GPS-based tracking systems, and software solutions for companies in Romania, Western Europe and the United States. We are now planning expansion in Asia, especially Hong Kong, an area with major potential for business solutions. This expansion will help us consolidate both on a regional and international level,” said Voicu Oprean, general manager and owner of AROBS Transilvania Software, who has recently returned from a trip to Asia.