“The increase estimated for 2017 is limited, starting from the projects announced already. We are already working on some of our own solutions, which could generate revenues as of 2017, but which have not yet been included in growth forecasts,” said Ioan Cocan.

In 2017, Tremend founders will invest in advanced technologies such as IoT, AI and Machine learning, which will be integrated into solutions for automated machines, banking applications and telecom.

Forecasts on the local software industry announced by the Romanian Employers Association in the Software Industry (ANIS), which also includes Tremend, show that the IT sector will account for over 10% of Romania’s gross domestic product in the upcoming years.