“The company performed as forecast two years ago. We managed to reach our EUR20 million turnover target in 2010 and believe we’ll see about 50% growth this year,” Padiu told ZF in an interview.
The growth will come from new contracts on the segment of
projects conducted with European funds and from contracts signed
with the Romanian Government, which account for 70% of Teamnet’s
business.
The company also plans to continue expansion in the region this
year, after having opened offices in Chisinau and Brussels in 2010.
It is currently looking at Turkey and Serbia for new offices.
“Half of our revenue will come from abroad by 2014,” Padiu said without revealing the value of the investments in the new offices.
At the end of May, Teamnet launched the M.O.R.E. (Management and Organization of Resources and Employees) – an integrated software as a service (SaaS) platform the Romanian company developed for small and medium-sized enterprises.
The platform includes applications companies can use to manage various aspects of the business and is available to customers upon subscription. It comes at a lower cost than a traditional solution, which entails buying both hardware and software, as well as advisory services.