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Three Romanian companies report high growth rates

21 octombrie 2008

Information in English

 
Arobs Transylvania Sofware, TeamNet International and Lasting System registered the  highest growth rate in the Romanian IT market, they were included in a classification of the companies with the highest growth rate in Central and Eastern Europe, made by Deloitte consultancy and auditing company.
 
Arobs Transylvania Software, one of the most important developers of software for mobile applications, reported a growth rate of 2,722% in the past five years, it ranks fifth among the most rapid companies in Central Europe.
 
The company reported in 2007 business worth five million euros, and for 2008 it expects its turnover to double, due to the dynamics of the three business lines, i.e distribution of GPS navigation systems and smartphones with GPS, development of software solutions for the domestic market and development of outsourcing software solutions for customers from Romania and abroad, according to representatives of the company.
 
Arobs grew significantly in the period 2006-2008, by more than 100% each year, due to the launch of its own software GPS solution, according to the Delloite study.
TeamNet International registered a growth rate of 2,028% in the past five years, it ranks 7th in point of growth. In 2007, the company posted 4.59 million euros in turnover and 0.59 million euros in net profit, according to data available on the website of the Ministry of Finance. For this year, the company expects seven million euros in business.
 
Lasting Software, the company in the group of firms Lasting, of Timisoara, western Romania, with revenues estimated at over 30 million euros this year, registered business of 0.6 million euros in 2007, and for 2008, it expects business worth 0.8 million euros. According to officials of the company, the growth comes, partly, from the implementation of a Unitel solution and from outsourcing.
The company ranks 38th in a Delloite classification, with a growth rate of 407%.

 

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