RomSoft IT services provider: Last year, the state was a better client than the private environment

RomsSoft Ramnicu-Valcea, a provider of IT services, wants to boost its turnover by 33% this year, to 20m euros, from 15m euros last year, and expand on European markets. “2009 was a difficult year, but we ended it in the black and without any layoffs. We reached our turnover target, but not the income one, which was below our expectations,” Claudia Ursateanu, general manager and sole shareholder in RomSoft, told ZF. She stated RomSoft would this year focus on projects with the state and that it wanted to expand on European markets. According to Ursateanu, RomSoft was “luckier” than other companies in the same field last year because it had two to three-year contracts and thus managed to stay afloat. However, the company in 2009 registered losses tied to the exchange rate, considering it had to pay its foreign supplier in 30 days, but received money from some clients even in 300 days. Last year, the state reacted better than the private environment as regards receipts, maintained Ursaseanu. She stated she got three bids from foreign investors last year, which she declined.