Fortech has been named a National Champion for The Business of the Year Award with Turnover of €0-25m in The European Business Awards (EBA). This prestigious competition is supported by business leaders, members of the academia, political members and the media from across Europe. EBA have been granted these awards since 2007 to the most innovative and successful businesses on the continent for their financial success, innovative solutions and ethics.
Fortech is one of the 709 of over 24,000 businesses from 33 European companies named National Champions and making it to the second phase of the competition.
Fortech is a completely Romanian business, an entrepreneurial initiative started 10 years ago. The company has been witnessing a rapid growth over the last 3 years, with a yearly revenue increase in the 47% to 62% range. This growth rate, one of the highest for the Romanian IT outsourcing industry according to data published about our main competitors, earned us high positions in several important international rankings such as Deloitte Fast50 CEE & Fast500 EMEA, which listed us in 2013 in of the last 4 years. It is worth mentioning that this growth is organic, made only with company resources; the company is 100% Romanian, with no external investment.
Calin Vaduva, Fortech’s CEO said: “We’re very proud to represent Romania as a National Champion for The Business of the Year Award with Turnover of €0-25m. The European Business Awards promotes Europe’s most successful and dynamic companies in a multi-stage competition. We look forward to present to the panel of judged a detailed case on our business success in the next round.”
Adrian Tripp, CEO of the European Business Awards said: “Congratulations to Fortech. It is a great achievement to be named National Champion and we wish them luck in the next stage. The European Business Awards is going from strength to strength, inspiring businesses to greater success and helping to improve the competitive edge of companies across Europe.”
Jean Stephens, CEO of RSM International, the main sponsor of EBA, said: “Every year this competition gets tougher and more competitive as more companies, of varied sizes and across all sectors, chose to compete in this prestigious competition. With the increased number of entries and countries, this year looks to become the toughest Awards yet. It will be exciting to watch as we move through to the next round.”
A panel of judges that include entrepreneurs, business leaders and members of the academia from all over Europe will watch the videos sent by the National Champions and reward the best contenders with the ‘Ruban d’Honneur’ status. These winners will then compete in the grand final in 2015. The ‘Public Champions’ for each country will be selected by the National Champions in a public vote.