Revista Biz, 2021: the Luxembourg office, international growth and research

Tremend opens an office in Luxembourg, January 2021, from a company press release. Ștefan Morcov leads it as Managing Director of Tremend Benelux. Quote from me, then co-founder and managing partner of Tremend, on international growth and where the company invests.

§An office in Luxembourg

Ștefan Morcov joined Tremend in 2018 as Senior Partner and helped set up new business units, such as eLearning and the one dedicated to the international public sector. The Luxembourg office: clients from neighbouring countries, Belgium, France, Germany and the Netherlands, and growth in Western Europe through digital transformation and innovation projects. Its work also centres on European projects and on other international institutions. In 2020, 13.5% of Tremend’s revenue came from projects signed with the European Commission. The 2021 estimate for this vertical: EUR 7 million. Revenue at the end of 2020: EUR 20 million. Offices in Belgium, Luxembourg, the United Kingdom, the United States and two in Romania.

§International growth comes with the team

“International development comes naturally with the talent, passion and expertise of our team.” („Dezvoltarea internațională vine în mod natural cu talentul, pasiunea și expertiza echipei noastre.”)

A long-term strategic expansion plan, which Tremend keeps carrying out: new verticals, new territories, and adjacent fields and products.

§Partnerships, TORP and research

“We put the emphasis on investing in the professional development of our team and in research, in emerging technologies such as IoT, Artificial Intelligence, Machine Learning and Biometrics.” („Punem accent pe investițiile în dezvoltarea profesională a echipei noastre și în cercetare, în tehnologiile emergente precum IoT, Artificial Intelligence, Machine Learning și Biometrie.”)

The company’s recent evolution: partnerships with major technology providers such as Salesforce, Microsoft and Amazon, and new products such as TORP, Tremend’s flagship solution for the financial, banking and telecom sectors.