“We want to grow to 600 people next year from the current 470. It is one of the effects of us joining the Logo group, the support of a large company with financial strength will show in Totalsoft’s hiring and in the investments it will make,” Liviu Dragan, founder and chief executive of Totalsoft told ZF.
The company’s new goal is to achieve a growth rate of 20% in Romania per year. It will not change its name now that is has joined Logo, its founder says.
Totalsoft, a company with more than EUR21 million revenue last year, was acquired in full by Turkey’s Logo in a EUR31 million deal at the beginning of the month. Totalsoft provides enterprise resource planning and customer relationship management solutions. Its Charisma software suite generates about 75% of its revenue.
(English version by Loredana Fratila-Cristescu)