The company targets a 10% increase in turnover in 2024 due to solutions based on artificial intelligence (AI) and those created for the financial-banking sector, company representatives said in a press statement.
Stefan Iorgulescu, founder and CEO of Control F5, expects a turnover of roughly EUR850,000 – EUR900,000 (RON4.2 – RON4.4 million) in 2024, compared with nearly EUR790,000 (RON3.9 million) in 2023. The profit margin is seen at around 15%.
Control F5 Software was established in 2012 by entepreneur Stefan Iorgulescu. Over the years, the company has worked for over 50 projects in the fields of financial-banking, consulting, automotive, healthcare, transportation, tourism, telecommunications, e-commerce, media. Control F5 clients include among others EY, Investimental, Honda, BitSoft, Travel Planner and the National Union of Road Transporters in Romania (UNTRR) – the organization that owns the website e-rovinieta.ro.
The company has a team of almost 30 specialists who provide software services for the development of web & mobile applications, MVP, UI / UX Design development, Dev Ops, software testing, research & development, according to Control F5 representatives.
In 2024, Control F5 has implemented AI-based solutions for customers such as travel agency Travel Planner or the website Informat.ro.