AROBS Transilvania Software ranks 8 in this year’s Deloitte Central Europe Technology FAST 50, a competition dedicated to the fastest growing technology companies in the region, based on the growth rate of their revenues. With a growth rate of 1.663% experienced over the last five years, AROBS maintains its position among the top 10 companies, thus repeating last year’s performance.

Now at its 10th edition, the Deloitte Central Europe Technology Fast 50 ranks the fastest growing technology companies in the region, based on the growth rate of their revenues have experienced over the last five years (2004 – 2008). Entrants must also own intellectual property that significantly contributes to the company’s operating revenues; or they must devote a significant portion of revenues to research and development of technology.

Voicu Oprean, General Manager and Owner of AROBS Transilvania Software, who has recently returned from a business trip in Asia, said: “We are glad to be again part of the Deloitte FAST 50 ranking. 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.”

More than half of the Romanian technology companies registered in this year’s Deloitte Central Europe Technology FAST 50 competition have qualified for the final top: TeamNet International (2nd place, with a growth rate of 3,317%), AROBS Transilvania Software (8th, +1,663%), Timisoara-based LASTING Software (29th, +487%), Iasi-based The RED Point (35th, +430%), and Bucharest-based Advantage Software Factory (45th, +350%), and Romanian Soft Company (47th, +312%).

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