The French group, which posted EUR1.4 billion revenue last year, operates in more than 100 countries and has about 4,300 employees. Coface has had a presence in Romania for ten years and in 2015 posted 8.4 million lei (EUR1.9 million) net profit and had 21 employees, according to the Finance Ministry data.
“Several countries in the region and the entire world were considered for the development of the IT center. Coface Technologies and Romania won because of some essential features – Coface presence with mature operations, capable of providing support to the development of this project, a diverse IT specialist market, English speakers, closeness to France (distance and communication), cultural similarities,” said Eugen Anicescu, country manager Coface Romania.
“This choice will allow the IT center to be supported by the already existing local operations and be part of a strong organizational culture.”
More and more multinationals in various industries (telecom, IT, finance-banking) with a local presence have decided to establish support or IT development centers in Romania over the past few years. The finance-banking multinationals that have opened such centers on the local market in the past two years include Deutsche Bank and ING Bank.
“Coface Technologies’ goal will be to develop the applications of the Coface group and support the operations of the entire group. We’re talking programmers to develop in-house applications not a support center for various operations.”
(English version by Loredana Fratila-Cristescu)