The company also reported a 9% increase in net profit in 2023 to RON2.1 million (EUR427,000). Total debts dropped 18% on the year to RON4.3 million in 2023, the same source shows.
SmartDreamers had an average number of 19 employees in 2023, one more than in 2022.
The company was founded in 2014 in Targu-Mures by Adrian Cernat (CEO), Mihai Ceusan (CTO) and Alpar Major (VP, Global Head of Sales), and subsequently received financing from local funds Catalyst Romania Fund I and Gapminder.
At present, SmartDreamers’ shareholding structure includes Adrian Cernat (35.03%), Catalyst Romania (25.38%), Gapminder (16.41%), Florin-Mihaita Ceusan (6.89%), Malin Iulian Stefanescu (5.99%), Radu Constantin Atanasiu (2.36%), Krivalo Holdings Limited (2.25%), Lazlo Alpar Major (1.84%), Marius-Adrian Istrate (1.71%), George Octav Cobzareanu (1.18%), Mihai-Cosmin Guia (0.48%), Teodor Cristian Lina (0.48%).
The company now has operations in Europe, the United States and Singapore, and its solution is used by companies such as BP, L’oreal, Infosys, Genpact and other global players.