Siveco has 1,000 employees and revenue of EUR64 million. The company’s new management says no partner has rejected its calls and is now working to rebuild trust in the company.
Siveco’s short-term priority is to secure business continuity, states Florin Ilia, general manager and president of the company, in the first statement by an official of the software producer after Irina Socol’s detainment.
“After we regain our feet, we’ll probably announce a more coherent strategy than I can tell you now in a few words,” states Ilia.
Has the company got any takeover bid since it entered the media’s attention? There are a lot of rumors on the market, states Ilia, but the answer is no. “We have got no bid” and we do not plan to sell, he states.
There are no partners that should not answer our calls and the company hasn’t seen more employees leave it since it got into the public eye, says Ilia.
Each member of the top management team went and discussed with a client, unveils Siveco head the strategy embraced by the software producer.
But what about banks, Raiffeisen Bank, particularly, which in 2013 funded with $14.7 million the acquisition by the management of the stake held by Intel Capital and Enterprise Investors, what was their reaction? The answer: “We are in talks with all the banks, and Raiffeisen particularly”.
As regards revenue, Siveco is now ahead of schedule, says Ilia. “Revenue is above the targeted level. The projected level for this year is EUR64.5 million against the conservative estimate of EUR63 million put forward in early 2014”.
On the other hand, Siveco head confirms the company has an additional chapter in its budget this year: the one related to the damages calculated by authorities in the fiscal evasion file.
(English version by Catalina Apostoiu)