In 2014, the company’s revenue revolved around EUR2 million, up 45% on 2013. Simartis generates its revenue almost entirely from abroad, with most clients being from Latin America, as well as Asia, Africa and Europe.
“This year, the targeted revenue growth tops 50%. The target is primarily based on our setting up an international direct sales force as we’ve so far sold through distributors,” said Razvan Ionescu, CEO and shareholder in Simartis Telecom.
Bubble solution was commercially launched in 2012, with clients including Turkey’s Avea operator, but also Orange Romania and local RCS&RDS. The company is about to sign contracts with another two telecom operators of the EU.
However, to promote Bubble internationally, Simartis needed external funding. Thus, investment fund Catalyst in 2014 took over 23% in Simartis stock, with the deal valued at around EUR1 million. Catalyst investment was 80% directed to marketing and sales.
For 2015 the sales force is secured and the company, together with the investment fund, will analyze the results at yearend and decided whether a new capital inflow is needed
At present, Simartis has 28 employees. The company will recruit further this year, having 10 vacant positions.
(English version by Catalina Apostoiu)