The company, a subsidiary of German group SAP, has leased 800 square meters in the office complex in Timisoara- City Business Center (CBC) and an additional 450 sqm in the S-Park complex in capital Bucharest, where it already has 1,400 sqm. The company also targets other major cities to continue expansion in Romania’s major cities such as Cluj and Iasi, Jones Lang LaSalle, which advised SAP on the two deals, said in a press release Thursday.
“The centers will provide world-class IT consultancy services to customers across Europe, the Middle East and Africa (EMEA),” the release read.
SAP officials said in November last year they planned to hire 400 IT consultants in Romania by 2014 and planned to invest EUR30-40 million. The company has centers in Bucharest and Timisoara.
“The goal is to create a highly professional team and to provide high-value consultancy services for SAP customers across Europe. SAP aims to hire over 150 consultants this year in Timisoara and Cluj, in a recruiting program in close cooperation with Romania’s leading universities: Polytechnic University of Bucharest, Academy of Economic Studies, Babes Bolyai University in Cluj, University of West Timisoara, Cluj Napoca Technical University,” Gheorghe Olteanu, head of the SAP nearshore center in Romania, said in the press release.
SAP currently has over 125 IT consultants in its centers in Bucharest and Timisoara.
SAP is one of the world’s leaders in delivering specific software solutions for businesses, and has over 105,000 clients.
SAP Romania was founded in 2002 and focused on sales, marketing and the development of localized SAP solutions. According to Finance Ministry data, the local division of the German group had sales of RON73.1 million in 2010 and a net profit of RON11.6 million.
Globally, the German group’s revenues increased 17% in 2010, to EUR12.46 billion.
S Park is located in the north of Bucharest, close to the landmark square Piata Presei Libere and near Herastrau Park. The building is owned by Austria’s Immofinanz.
City Business Centre Timisoara is developed by ModaTim Investment and was recently bought by South-African investment fund NEPI.