The duration of the contract is three years from its signing and the framework agreement does not stipulate the obligation of the client to reach the total value. The client was not disclosed because of confidentiality clause.
Safetech Innovations is the only company in Romania accredited as a partner of NATO Industry Cyber Partnership (NICP). The company has a vast portfolio of customers, collaborating with over 10 key institutions in the local financial-banking sector, with multinational companies, as well as with local companies in the sectors of energy, fast-moving consumer goods (FMCG), telecommunications, IT&C and transportation.
SafeTech Innovations reported a turnover of RON10.5 million in 2019, up 56.4% on the year, and a net profit of RON1.25 million, up 26.3% on the year. In 2019, the company had a net profit margin of 11.8%.
In January-June 2020, SafeTech Innovations reported a turnover of RON5.3 million (+60.7% on the year) and a net profit of RON450,246 (+61.5% on the year). For the whole 2020, the company expects revenue of RON15.6 million and a net profit of RON2 million. The company will publish its preliminary annual financial results on March 1, 2021.
SafeTech Innovations has a market value of RON98.8 million and is 80% owned by Victor Gansac and Paul Rusu, with equal ownerships, while 20% of its share capital is traded freely on the stock market.