Economica.net – Arctic Stream, listed on the BVB, reached the top FT 1,000 companies with the fastest growth in Europe, directly on the 460th place

According to a company statement, the placement of Arctic Stream among the first 500 companies in the ranking was due to an absolute growth rate of 354.5% of revenues, respectively reaching a compound annual growth rate (CAGR) of 65.6%, in only three years. Between 2019 and 2022, the turnover of the IT solutions integrator in Romania rose from 3.76 million euros to 16.49 million euros, writes Agerpres.

The “FT 1,000 companies with the fastest growing in Europe” top is made by the global business publication, Financial Times (FT), together with the online data processing and visualization platform, Statista, and has reached the eighth edition.

For inclusion in the 2024 edition, it was necessary for each of the 1,000 companies to have had a minimum CAGR of 36.9% in the mentioned period. In the case of Arctic Stream, this minimum condition was exceeded almost twice.

“We have thus obtained yet another attestation of our performance, from an independent source, and I am happy to share this news with all shareholders and other interested parties. It is a new opportunity to thank my colleagues from the Arctic Stream team, with whom I am convinced that we will achieve excellent results in the future, as long as we capitalize on everything we have accumulated together and maintain our dedication, according to our slogan: Going the Extra Mile”, said Dragoş Octavian Diaconu, founder and General Director of Arctic Stream.

Apart from Arctic Stream, the current edition of “FT 1,000 companies with the fastest growth in Europe” also includes three companies from Romania: AscentCore Technology (185th place), RebelDot (382nd place), Mindit.io (832nd place), all from the IT field. Comparatively, Poland has 43 companies in the top, Hungary has 12 companies and the Czech Republic has 11 companies, the quoted press release shows.

Arctic Stream is a company with full Romanian capital, founded in 2017, with a portfolio of services that includes: IT infrastructure assessment; consultancy; design, redesign, integration and development of IT security and data infrastructure; project management, configuration, implementation and migration of complex solutions; along with maintenance and post-implementation operational support. The company holds the Cisco Certified Premier Partner certification since 2017, along with other certifications from world-leading manufacturers.