Romania ranks 5 in the top of the most dynamic 5000 European companies, realized by the American publication Inc. in 2016. With a number of 333 companies, Romania occupies a top spot immediately after mature markets such as Sweden, Great Britain, France and Spain.
According to the publication, 24 out of those 333 Romanian companies featured in the top are IT Services providers, and half of them situated on the software space alone. The business players included in the top span a range of business areas, from IT Services, telecommunications, retail, media, logistics or publicity. They also hail from cities far and wide across entire Europe.
“We are glad to be nominated among the 20 fastest-growing, privately-held Romanian companies mentioned in the Inc.5000 list” said Călin Văduva, Fortech CEO. “This reflects our collaborative effort and commitment to provide our customers with qualitative technology services, amid a fierce business climate. The technology space is extremely dynamic, with software having the greatest impact and proliferation across industries. To stay relevant in such context, we needed to find a balance between an accelerated hiring activity, combined with a focus on developing fresh competencies and mature business processes while providing qualitative and cost-effective solutions for customers. It is inspiring to have our efforts recognized.”
The main selection criteria is the sustained growth, reflected by the percentage revenue growth over a four-year period. Also, eligible companies should be privately owned, and independent, not subsidiaries or divisions of bigger companies. Finally, the capacity to hire and build teams remains an essential qualification criteria.
For additional details on the Inc. 5000, including the complete list along with the size and growth rates, visit Inc. 5000.com page.