2006 – the year of investments for SIVECO Romania | SIVECO Romania

2006 – the year of investments for SIVECO Romania

Tuesday, January 31, 2006

Bucharest, 31st of January 2006 - Tuesday, on the 31st of January 2006, at Casa NATO, in Bucharest, took place the meeting of SIVECO Romania’s representatives with the mass-media representatives. The reunion is already a tradition and brought together representatives from IT publications, but also newspapers and business magazines. The gathering was an interesting forum of discussion, where SIVECO Romania’s management announced the results achieved by the company last year but also the future plans of the company. The aim of the event was to announce the press about SIVECO Romania’s excellent financial results in 2005, when the company’s turnover reached 37.6 million USD, keeping up with the annual rate of increase of 40%, when the average economic growth was of 4%. For 2006, is estimated an increase of 20 percent compared to last year.

The results achieved last year prove that the strategies we made and applied worked and most important of all, that SIVECO Romania’s solutions are still appreciated and wanted” declared Irina Socol, General Manager of SIVECO Romania, adding: „We intend to concentrate ourselves on those market verticals with great potential, so that our products may reach more users and more specialized markets

In 2005, SIVECO Romania consolidated its position as a leader on EAS (Enterprise Application Suites) solution market, with 18.7% market share. Also recent studies placed SIVECO Romania in the top of the developers and integrators of EAS solutions on a market dominated by multinational system integrators. 

Also, in 2005, SIVECO Romania controlled 9.2 percent of the local IT services market. The company is number one on Custom Application Development market with a 28,4% market share and also ranked first in the Applications Consulting and Customization foundation market with a 22,7% market share.

Founded at the beginning of 1992, SIVECO Romania is one of the most important software producers in Romania, main software export provider in EU countries and United States. As a result of its exceptional performances achieved during 14 years of existence, SIVECO Romania succeeded to attract important investments. Today the main shareholders of SIVECO Romania are Intel Capital, Polish Enterprise Fund V (investment fund administered by Enterprise Investors) and SIVECO Netherlands B.V. The 12 million dollars investment is one of the biggest investment made until now in a Romanian IT company.

In 2005, SIVECO Romania’s portfolio was enriched with new clients, from various fields of activity, from industrial and commercial sector as well as from public administration and academic field. Thus, SIVECO Romania contributed to the automation of important industrial companies such as: AEROSTAR Bacău, MEVA Arad, ALRO Slatina, PETROM, Rafo Oneşti, Astra Bus Arad, General Turbo, Romanceram Roman, Uztel Ploieşti şi a colaborat cu organizaţii private importante ca Orange România, Raiffeisen Bank, Citibank, Dobrogea Biscuit, URSUS Breweries, Carpatair, Metacom Group, Anticoroziv, Congaz Constanţa, etc. Last year, SIVECO Romania, also extended its ongoing major projects such as The National House for Health Insurance, Petrom and MEdC, finished the third stage of SEI project and started the forth stage.  

If now, 450 local beneficiaries and over 1,800 clients from 35 countries use services and solutions provided by SIVECO Romania, in 2006 the company intends to attract 120 new clients.

Considering that eLearning training has become a must for the success of any company of future employee, SIVECO Romania created AeL technology, which helps increase the efficiency at human resources level - at individual level by developing AeL eLearning Platform dedicated to the academic field, as well as -at organizational level by developing, at the beginning of 2005, AeL Enterprise, a product dedicated to business environment and public institutions. AeL eLearning Platform is a technology that gained a national and international reputation by receiving numerous and prestigious awards and acknowledgements such as: IST Prize, World Summit Award and eEurope Awards for eGovernment.  

According with the company’ s mission and objectives that of becoming the most important developer, provider and integrator of EAS solutions - eLearning, eHealth şi eBusiness - in Romania, as well as a regional leader in providing solutions and IT services, SIVECO Romania intends to expand its partner network in order to achieve this ambitious objective. In addition to that, the company intends to consolidate its relationship with its traditional partners such as IBM, HP, Bull, Oracle and Microsoft Romania. 

SIVECO Romania has a strong team of 450 employees and large financial resources were invested in their training. As a recognition of the efforts that SIVECO Romania made in order to constantly improve its employees competencies, the company received various distinctions from prestigious organizations and publications such as: CODECS - „Best Investor in People”, TOP Capital – „Number 9 in the top the Best Employers” and Bucharest Business Week – „Most Admired Company”

Because most of SIVECO Romania’s personnel (80%) are involved in R&D activities, compared with 10% involved in Marketing and Commercial activities, 5% involved in Financial – Accounting & Administrative activities and 5% involved in Quality Assurance and Control activities, Irina Socol announced the journalists that SIVECO Romania will continue to involve itself in Research &Development activities and will invest larger sums of money in this direction comparative with the last year. „I am convinced that a constant development of our company is possible only by stimulating the creative and innovative thinking of the employees and by constant  investment in their training”, declared the General Manager of a SIVECO Romania SA.