Monday, 20 November 2017
Croatian tech companies growing Croatian tech companies growing

Croatia a rising star in the tech world with Rimac leading the way

By  Oct 18, 2017

According to the Deloitte’s Technology Fast 50 Central Europe list for 2017, the average growth rate in the period from 2013 to 2016 (including) reached new record of 1,127 percent.

‘’This is the second year in a row which recorded a growth over 1,000 percent’’, commented Zlatko Bazianec, the manager of the Croatian office and a partner at Deloitte’s Business Consulting Department.

This year’s Deloitte list of the 50 fastest growing public or private technology companies in Central Europe included 11 countries (Estonia, Latvia, Lithuania, Poland, the Czech Republic, Slovakia, Hungary, Croatia, Bosnia and Herzegovina, Romania and Bulgaria) and 300 applications from innovative companies.

After Poland with 19 innovative companies on the list, Croatia was the second country with eight ranked companies in the main category of the competition. However, two more Croatian companies made it to the Rising Star category thus Croatia had ten representatives on the Deloitte’s list.

On the Technology Fast 50 Central Europe list, the best-ranked Croatian company was Rimac Automobili in the Clean Tech and Energy category. The company placed as the 10th on the list with a growth of 1,059 percent.

Rimac Automobili was followed by Code Consulting Ltd, which placed as the 22nd in the IT & Digital Solutions category with a growth rate of 545 percent, Telum d.o.o. (25th, Internet, Media& Telecom, 520% growth), Profico (28th, IT & Digital Solutions, 466% growth), Undabot d.o.o. (35th, IT & Digital Solutions, 421% growth), Hangar 18 d.o.o. (40th, IT & Digital Solutions, 368% growth), Gauss LTD (45th, IT & Digital Solutions, 347% growth) and Infinium d.o.o., which placed as the 49th in the IT & Digital Solutions category with a growth of 315 percent.

In the category Rising Stars, Croatia had two representatives; the Q company for Digital Solutions which placed as the 2nd on this list with a growth of 2,246 percent, and Merit Media which was in the 9th place with a growth rate of 712 percent.
Apart from being the best-placed company from Croatia on the Technology Fast 50 Central Europe list, Rimac Automobili was the only company from the Clean Tech and Energy category to rank in the overall competition at the level of Central Europe.

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The Voice of Dubrovnik

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