“Netop’s revenue in Romania was at EUR2.6 million in 2014, up 18% compared with 2013. The company’s revenue registered in Romania is solely got from selling software solutions and not from selling Netop solutions. This was mainly due to the fact the local sales team has recently started to approach the Romanian market,“ ZF Kent Madsen, CEO with Netop Tech Romania told ZF.
The company entered Romania in 2008 and posted 6% higher revenue in the first quarter of 2015.
“The major objective for 2015 is to grow the revenue by over 40%,“ he added.
Netop is specialized in developing “remote control” software solutions, which enable the remote safe access, “classroom management“ for the education system and “chat live“ for real time communication.
Over 10,000 schools worldwide currently use the Netop products, said Madsen.
In Romania, Netop has a research-development center, a support unit and professional technical services and since 2014, it set up a new sales team to approach the local market as well. It employs 73 people in Romania, from 130 worldwide.
Worldwide, Netop’s major clients are US giants Goldman Sachs, Citi, Morgan Stanley, JP Morgan Chase & Co, Wells Fargo, Pfizer or Procter & Gamble, as well as various US governmental agencies.
(English version by Manuela Panescu)