Siveco Romania Eyes 15% Higher Sales To EUR77M In 2012

“We have activities in 17 countries and we plan to expand our business in other markets as well, including Moldova, Ukraine… the Gulf region, in Qatar, Oman, Bahrain and Kuwait. We also plan to approach new states in the Balkans, such as Croatia, Albania and Montenegro,” Socol told a news conference.

Founded in 1992, Siveco Romania is a key player on the local software market. The company employs 1,200 staff and plans to hire another 100 to 200 people in 2012.

Siveco Romania has a wide ownership, with some of the largest shareholders including Siveco Netherlands, with a 42.2% stake, PEF V Information Technolagy with 22.5%, Intel Capital Corporation with 10% and Irina Socol with 10.98%.