The business software development company currently employs 1,050 IT specialists.
Siveco Romania, one of the largest IT solution providers on the Romanian market, was set up in 1992. In 2003, Siveco Netherlands BV became a majority shareholder in the company.
In July 2005, investment funds Polish Enterprise Investors and Intel Capital, part of U.S. company Intel Corporation, bought a 32.5% share in Siveco for $12 million.
Last year, Siveco’s turnover reached 230.7 million lei (about EUR54.18 million), from RON215.8 million in 2009. (EUR1=RON4.2579)