”The ASEAN (the Association of Southeast Asian Nations, ed.n.) area is an important global financial hub, an area with powerful manufacturing, transport and logistical industries; therefore the potential is enormous on business process automation. In the next four years, we expect sales of approximately EUR3 million sales from RPA (Robotic Process Automation) and software development”, Bogdan Florea, founder of Connections and Vice-President of the Romanian association of software and services industry ANIS, explained.
The developer will start its activity with a sales office in Taipei (Taiwan), run by Canadian Grant Caldwell, the CEO designated by the company to run the operations in the region.
Connections currently has 320 employees at its offices in Romania, Bulgaria and Serbia, being specialized in Intelligent Automation, IT Infrastructure Support, Digital Business Process Management and Software Development On Demand.
In July 2018, the company concluded a partnership with UiPath, an Enterprise Robotic Process Automation (RPA) platform with the fastest level of adoption globally, with which it has already implemented robotic automation processes in key industries.
Also, Connections has invested over EUR200,000 in developing an open banking fintech platform aimed at integrating the APIs (Application Programming Interfaces) made available by banks in Romania, along with the implementation of the Revised Payment Service Directive (PSD2), which requires banks to provide access to information related to bank accounts of payments accessible online to third parties that may develop information services, payments and other financial services for banks’ clients.
Connections reported a turnover of EUR5.5 million in 2018.