“We were on schedule with our yearly targets, a 10% growth on the previous year, after the first six months. More than 25% of the revenue in this period came from contracts with new clients but we also increased the number of new deliveries to existing clients,” Berdila said.
The integrator’s sales went up almost 80% last year, driven by two key segments: finance-banking and utilities. Sales in the first half of 2011 rose 10% to EUR22.8 million.
Over the last few years, the company has implemented projects at major companies in the finance-banking business, such as ING Romania, BRD Groupe Societe Generale, UniCredit Tiriac Bank, as well as at top insurers such as Vienna Insurance Group. About 40% of this year’s EUR46.2 million sales are to come from finance-banking and insurance clients. Romsys estimates it provides IT services and solutions to about 70% of the banks in Romania.
The second most important segment for Romsys’ business is made up of the utility companies, Berdila says. The other sectors Romsys provides services and solutions to include telecom, manufacturing, retail, distribution and the public sector.
The development of the business in Romania helped Austria’s New Frontier Holding reach over EUR120 million sales in 2010. Romsys says NFH become the top IT solution integrator in the Balkans, Romania included, in 2010, overtaking Asseco Southeast Europe and Ness Technologies, its main rivals in the region.
(English version by Loredana Fratila-Cristescu; Editing by Radu Bostan)