Company & News
Tremend, one of the fastest-growing tech companies in the region in Deloitte and Financial Times 1000 Europe rankings, opens an office in Luxembourg, strengthening its position in the Benelux area. Thus, the company reaffirms its position as a top European technology provider and its strategic commitment to this market.
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.
“The new office will allow us to be closer to our customers, and meet their specific needs with a personalized approach and advanced technical expertise. 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. Our Luxembourg office will be included in our R&D strategy, supporting the development of new products and know-how. We are a pure-breed engineering organization and we are committed to maintaining excellence and innovation in all the markets we operate in”, says Ștefan Morcov, Managing Director, Tremend Benelux.
Through its crossroads position, the Luxembourg office will also reach customers from neighboring countries such as Belgium, France, Germany, and the Netherlands, thus expanding Tremend’s business in Western Europe with digital transformation and innovation projects.
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.
For the upcoming period, Tremend will concentrate on consolidating its new branch in terms of delivery management, software engineering, and business development.
Tremend was founded by Ioan Cocan and Marius Hanganu in 2005, following their own practical experience in Silicon Valley. The company sustained a solid growth rate, reporting 20 million EURO revenues for 2020. It currently operates offices based in Belgium, Luxembourg, the UK, and the USA and two development centers in Romania.
“Tremend’s international expansion came naturally with the talent, passion, and expertise of our team. We will continue to implement our long term strategic development plan for expanding on new verticals, in new territories, by addressing new areas and additional products. Our recent advancements include partnerships with major technology suppliers, such as Salesforce, Microsoft, and Amazon, the development of new products such as TORP, our leading solution for finance, healthcare, utilities, and telecom. We are investing in our team’s professional development of our team, as well as in key emerging technologies research, such as IoT, Artificial Intelligence, Machine Learning, and biometrics”, mentions Marius Hanganu, Managing Partner, Tremend.