Money Buzz! Europa

Tag: Tremend

  • Romanian tech company Tremend opens an office in Luxembourg

    Romanian tech company Tremend opens an office in Luxembourg

    Tremend, one of the fastest-growing tech companies in the CEE region opens an office in Luxembourg, strengthening its position in the Benelux area.

    The new office will be coordinated by Ștefan Morcov, who will take the role of Managing Director of Tremend Benelux.

    He joined Tremend in 2018, as a Senior Partner and has been involved in setting up new business units, such as eLearning and international public sector institutions.

    Ștefan Morcov brings 20 years of experience in software engineering, management, and business development, including with the European Commission, to the role.

    ”Tremend Benelux will focus on European Union projects, but also on solutions for the private sector, from various industries such as eCommerce, retail, and telecom”, says Ștefan Morcov, Managing Director, Tremend Benelux.

    The Luxembourg office will also reach customers from neighboring countries such as Belgium, France, Germany, and the Netherlands.

    The new branch will continue to focus on growing the portfolio of projects with the European Commission and other international institutions.

    In 2020, 13.5% of the company’s turnover came from projects for the European Commission. Tremend also estimates 7 million EURO revenues from this vertical in 2021. 

    Tremend was founded by Ioan Cocan and Marius Hanganu in 2005, following their own practical experience in Silicon Valley. The company reported a 20 million euro revenues for 2020.

    It currently operates offices based in Belgium, Luxembourg, UK and the USA and two development centers in Romania. 

  • Romanian company Tremend involved in ten major projects for EU institutions

    Romanian company Tremend involved in ten major projects for EU institutions

    With a portfolio of multiannual framework contracts signed for the European Commission and European Union institutions worth 25 million EUR, Tremend finishes 2020 with yearly revenues of approx. 2.7 million EUR, aiming for 7 million EUR revenues in 2021 from this vertical.

    These projects consolidate Tremend’s presence in Belgium, Luxembourg and Italy.

    The software engineering company is involved in ten major projects for EU institutions, with European coverage, impacting millions of citizens of the Union.

    The projects support the growth of competitiveness for adults and youths by promoting collaborative learning, enabling the connection between citizens and professionals, promoting exchanges of experience and know-how.

    The projects create networks and opportunities for personal development, provide cloud infrastructure solutions, management of complex IT platforms, development of innovative communication digital solutions, mobile applications, eLearning platforms, and multimedia content.

    Some key projects of Tremend for the European Commission are EPALE — the Electronic Platform for Adult Online Learning in Europe, eTwinning and School Education Gateway — online platforms dedicated to educational specialists that promote the efforts of the European Commission in overcoming the current difficulties in pre-university education.

    Tremend is the technology partner in the consortium for the implementation of the European Platform for Digital Skills and Jobs. The company is also involved in the development of eLearning applications for the European Food Safety Authority (EFSA), and is responsible for business continuity systems on cloud for critical EU information portals.

    Tremend’s technical expertise contributes to the development of IT infrastructures, encouraging transparency and efficiency in public sector organizations.

    The solutions delivered integrate high-end technologies, such as Artificial Intelligence and Machine Learning (AI/ML), Natural Language Processing (NLP), UI/UX, and DevOps/cloud.

  • Tremend developed a ”world tour of yarn” for Südwolle Group

    Tremend developed a ”world tour of yarn” for Südwolle Group

    Tremend developed a ”world tour of yarn” for Südwolle Group. a worsted spinner of wool and wool blends.

    The platform supports Südwolle Group’s business during the COVID-19 pandemic.

    Südwolle Group is recognized as one the world’s largest spinner of pure wool and wool blend worsted yarns for weaving, circular and flat knitting. The majority of the wool garments in the world contain one of the Südwolle Group yarns.

    The group is present in 13 countries, on 5 continents, and sells 40% of its production in Europe.

    Created to offer an emotional experience, this online fair takes industry professionals from all over the world on a unique digital balloon ride “around the globe”.

    Clients can discover the latest trends in the textile industry, as well as Südwolle Group’s flat knitting collection including a sample order function.

    TThe software engineering team developed a state-of-the-art digital fair experience, with a custom-made 3D Earth Globe showcasing Südwolle Group’s new wool collections and a straightforward sample ordering function.

  • Tremend enters again in Deloitte Technology Fast 500 EMEA ranking

    Tremend enters again in Deloitte Technology Fast 500 EMEA ranking

    With a 336% turnover increase between 2015 – 2018, Tremend holds the highest position among Romanian companies included in this year’s edition.

    Ranked 342nd, Tremend is consolidating its position among the top technology players in the region and is featured, for the third time, in the ranking of the most dynamic 500 technology companies with the highest revenue growth.

    Previously, the organization was included, twice in a row, in the Deloitte Technology Fast 50 CE ranking of the fastest-growing companies in Central Europe.

    Also, earlier this year, Tremend was also featured in FT 1000 ranking of the fastest-growing companies in Europe, compiled by Financial Times and Statista.

    Tremend reached over 400 software engineers

    The company has seen an accelerated and sustainable development of its team in recent years, currently reaching over 400 software engineers and a portfolio of over 700 large-scale projects for clients in 20 countries on 4 continents.

    The upward trend was maintained in 2019 when Tremend recorded a turnover of €15.1 million, an evolution of approximately 55% compared to 2018.

    This year’s Deloitte Technology Fast 500 EMEA ranking includes companies from 22 countries, from industries such as Fintech, Software, Hardware, Media and Entertainment, Healthcare and Life Sciences, Communications, or Environmental Technology, which recorded an average growth rate of 1258% in 2019, compared to 969% in 2018.

    The winners were selected according to the increase of revenues registered in the fiscal years between 2015-2018. The recent edition features four Romanian companies specialized in software and fintech solutions.

  • Tremend and TypingDNA release an app for online exam proctoring

    Tremend and TypingDNA release an app for online exam proctoring

    Tremend released the observED platform, a modern solution dedicated to examination centers, assessment providers, and universities, enabling them to supervise students taking remote exams and prevent cheating.

    The solution leverages AI-enabled typing biometrics, a proprietary technology of TypingDNA, a behavioral-biometrics SaaS company offering innovative typing-based authentication.

    The observED app is a digital instrument that successfully replaces a supervisor during a written exam, being integrated into the Moodle plugin.

    Moodle is one of the most popular open-source systems for managing the learning process (LMS – Learning Management System), featuring over 100 million users all across the globe. This LMS is backed by a strong community of partners and is continually adapted to the most stringent learning requirements.

    This solution is aimed at colleges, universities, eLearning platforms, examination centers, assessment providers, and other service providers that need a fully digital approach towards both the learning mechanism and the examination process.

    The observED app integrates high-end technologies for validating the user’s identity. The onboarding is done by scanning the security elements of the identity document, using the webcam of the device on which the exam is taken.

    By using keystroke events, mobile sensory data, and proprietary Artificial Intelligence algorithms developed by TypingDNA, observED application captures users’ unique typing pattern, establishing a user-behavior biometric profile for each of them.

    Based on the software solutions created by Tremend, observED creates a complete analysis of the user’s browsing history to check if other websites were accessed during the exam. Periodically, the application uses the embedded video camera of the computer/laptop to take snapshots, to avoid fraud by impersonation, when someone else is performing the test. Users are thus verified and monitored continually during the course of the testing. In case suspicious behavior is triggered, the platform sends alerts to the examiner.

    ObservED is a multimodal solution, featuring emerging technologies that offer the same level of security and safety as a face-to-face examination. Due to the advanced programs used, this app is extremely dependable and is impossible to be tricked by the human user.

    Through automatizing the examining process, companies and institutions can ensure they keep full control, reduce costs, and minimize the time spent with planning, organizing, and supervising the students. Additionally, they benefit from a personalized report that details each interaction with the student.