Softbinator concluded the contract with a confidential client which is based in Silicon Valley and specializes in intelligent localization of goods and family security.
The contract targets the development and maintenance of the entire mobile application system, also providing DevOps/SRE cloud engineering services, and will run for one year, with the possibility of being extended.
Softbinator ended the first nine months of 2024 with profit of RON1.4 million, compared to loss of RON2.3 million reported in the same period of 2023. Its turnover dropped 15% to RON21.4 million, expenses shrank by 28% to RON27.5 million and its EBITDA (earnings before interest, tax, depreciation and amortization) surged 94% to RON3 million, as per the company’s financial report sent to the Bucharest Stock Exchange.
The company is valued at RON30 million and its largest shareholders are as follows: founder Daniel Ilinca, with an ownership stake of 44%, and Bittnet Systems, with 18.2% of the share capital.