Wave Studio has been recognized as one of the fastest growing companies in Europe for its financial results between 2017 and 2020. Financial Times – the world’s leading financial publication – and Statista – a top provider of market data – have joined to compiling FT 1000: Europe’s Fastest Growing Companies by the compound annual growth rate in revenue (CAGR). The list provides a thorough overview of developing companies from different business sectors demonstrating success, with higher perspectives in tomorrow’s global economy.
Based on a growth rate of 550% and a CAGR of 86.63% during the time frame analyzed for building up the line-up, Wave Studio ranks 286 in the overall top. Among technology companies, that make up a fifth of the list, Wave Studio ranks 72, and number 1 among Romanian companies.
Now at its 6th edition, FT 1000 classifies by organic growth through a complex procedure 1000 independent companies in Europe from different industries. This year, the minimum CAGR needed to be eligible was 36.5% – a bit higher than last’s year benchmark, while technology continues to take up the largest share of the top. It’s a stiff competition gathering the most sturdy, resilient, and visionary businesses that meet all criteria. The selection process is detailed on the top’s dedicated page here.
Established in 2014, Wave Studio develops and publishes mobile apps in the Tools and Personalization category. After its first product launch in 2016 – Wave Keyboard – the first android animated keyboard, the team was even more decisive to take on the personalization niche. In 2017, Wave Live Wallpapers was launched, which consolidated the business’ ascending trend. In 2021, the company was among the first 3 developers in the Personalization category and the top 100 Google Play developers, by the number of new users acquired.
Wave Studio’s goal is to continue developing best-in-class mobile apps for customizing the UI of smartphones by blending brilliant design and innovative technology: “In the future, we aim to keep ahead of the competition with the desire to grow our niche. To stay on top, you need to bring updates continually. So we will keep on optimizing our products to add even more value for our users: more customization options and a wider range of design tools for creators.” – says Vlad Andrieș, Managing Partner of Wave Studio.
About Wave Studio
Wave Studio is an Android & iOS mobile apps developer & publisher. The company publishes apps in the Tools and Personalization categories. Wave Studio was recognized by Deloitte Technology Fast 50 Central Europe 2021 as one of the Impact Stars companies in the region.
Founded in 2014, the studio had a steady growth across the years, making it one of the fastest-growing mobile startups in Central Eastern Europe. More than 150 million users have downloaded and used the company’s apps. Worthy mentions are Wave Keyboard and Wave Live Wallpapers.