“Romania has not been through an easy year but we will register a 10% growth of the consolidated turnover in 2012, down from a 15% target,” Bining said at ZF Digital ’12, an event organized by Ziarul Financiar.
Siveco forecasts that 40% of the revenue will come from international markets, as the group mainly targets the regions in Sub-Saharan and North Africa, the countries in the Gulf as well as the Community of Independent States CIS countries, Bining added.
Talking about the largest contract on the foreign market, Bining said it was the one with the European Commission, worth EUR10 million.
According to Bining, Siveco is considering floating its shares on the Bucharest Stock Exchange, on medium term.
Founded in 1992, Siveco Romania is a key player on the local software market. The company has a wide ownership, with some of the largest shareholders including Siveco Netherlands, with a 42.2% stake, PEF V Information Technolagy with 22.5%, Intel Capital Corporation with 10% and Irina Socol with 10.98%, Alexandru Radasanu, with 7.62%, Siveco Romania, with 3.75%, Florin Ilia, 2.68%, Daniela Bichir, 0.14% and Aurora Crusti, 0.14%.