QUALITANCE made the FT’s list of Europe’s fastest-growing companies
The global technology innovation company with headquarters in Romania, US and Australia was ranked 612 on the list of 1000 European fast-growing firms, with a revenue growth of 165% between 2012 and 2015.
QUALITANCE is ranked 612 on the list of 1000 European fast-growing firms, with a revenue growth of 165% between 2012 and 2015, a Compound Annual Growth Rate of 38.3%, a revenue of 4.2 million euros in 2015 and 143 employees. Among the five IT Romanian companies to have made it on the FT 1000 list of fastest growing companies, QUALITANCE is ranked third.
“We are honored to have made it on this prestigious list, which brings yet another international recognition for the achievement that was the evolution of QUALITANCE. Our financial results in 2016 continued our growth streak, having the San Francisco innovation studio LaunchPodium join the QUALITANCE group, and opening our Sydney office. Our new innovation services have really delivered a new chapter in our growth story”, said Radu Constantinescu, Managing Partner of QUALITANCE.
QUALITANCE is among the five Romanian technology companies to have made it on the prestigious list of Europe’s fastest-growing companies compiled by Financial Times.
“Making it on the Financial Times top 1000 list list is even more significant to us as it coincides with the 10 year anniversary of QUALITANCE. We’re excited to make emerging technologies like machine learning, internet of things and virtual reality part of the business-as-usual landscape of companies and society in general – and the nomination is for us a recognition of the value created by coupling production-level technology delivery with a robust innovation framework and next-generation technologies. The nomination also coincides with the launch of a new business line dedicated to developing our own products. ”, said Ioan Iacob, co-founder and Managing Partner.
The compiling of the FT top began with Statista and the Financial Times identifying tens of thousands of companies in Europe as potential candidates. In order to make the list, a company had to have a revenue of at least €100,000 generated in 2012 and one of at least €1.5 million generated in 2015, a revenue growth between 2012 and 2015 that was primarily organic and to be independent (the company is not a subsidiary or branch office of any kind). Moreover, the firm must be headquartered in one of the 31 European countries.
QUALITANCE works with some of the largest companies in the world (IKEA, Virgin, IBM, Deutsche Telekom) to design and develop new revolutionary products and services that leverage emerging technologies. The innovation approach is based on design thinking and rapid prototyping. Tom Chi, the cofounder of Google[x], is part of the company’s board of advisors. In 2016 QUALITANCE acquired LaunchPodium, a San Francisco experience design firm founded by Mike Parsons. After the acquisition Mike joined QUALITANCE as Chief Innovation Officer and also manages the Sydney office of the company.