SIVECO Romania holds 24.8% of the local market for business management solutions | SIVECO Romania

SIVECO Romania holds 24.8% of the local market for business management solutions

Monday, October 22, 2012
The company is strengthening its position as local leader, holding, for 10 years in a row, at the same time, top positions both in the top of IT services providers and in the top of business management solutions

The latest study carried out by International Data Corp (IDC) places SIVECO Romania, for the 10th consecutive year, on top positions in the hierarchy of IT services and business management solutions providers (Enterprise Application Suites), respectively.

In 2011, the largest Romanian software house has had 24.8% market share, 1.6% growth compared to 2010. Ranked second in this top, SIVECO Romania is at less than 2% distance from the top leader and far away from the company ranked third, which holds 8.2% market share.

"The aggregated research of the local IT market, in conformity to international standards, shows we are competing with global leaders in this field. The market requirements are higher and higher, while the competition is very fierce. Under these circumstances, placing a Romanian company in the top of IT services providers and of providers of business management solutions, over 10 consecutive years, is a performance in itself. For over two decades we are involved in projects for introducing IT into private, as well as public companies. Our ERP solution, SIVECO Applications 2020, operates successfully in over 1,400 companies from all sectors of activity, such as manufacturing, utilities, banking, transport, and telecom and in the public administration organizations. By using the applications from our integrated package our customers have extensive control possibilities over the costs and of increasing the efficiency of using the human and material resources. This way, they e become more and more competitive on a market where only the best survive", has stated Irina Socol, President and CEO of SIVECO Romania.

In the study published in 2012, IDC has placed SIVECO Romania on first position on the enterprises dedicated segment (Enterprise Resource Management) with 27% market share and with 39.1% market share on the market of Business Analytics solutions. The Romanian company is also ranked on top on the segments of Supply Chain Management, Planning of Operations and Manufacturing Applications Customer Relationship Management.

In 2011, the EAS market in Romania has continued to strengthen and for the first time since 2005 the first two companies in the top, one of them being SIVECO, hold together more than half of the local EAS solutions market (51.4%), that has reached 78.33 million USD.