Siveco Romania to keep growing in 2003

Siveco Romania, a provider of IT integrated enterprise management solutions estimates to end the year with $8.1 million turnover, up nearly 25% since last year. As for 2003, the managers expect it to be even better than 2002, estimating that demand for computerised management can only grow.
The company succeeded in gaining 30% more clients in 2002. “2002 has been a most special year – perhaps because we celebrated our 10th anniversary. The company continued the fast development trend of the past few years, focusing on turnkey projects both for the domestic and for the international market,” Irina Socol, Siveco Romania general manager told Ziarul Financiar.
Out of the total revenues, 50% are derived from projects carried out for international clients, while the remaining 50% come from projects benefiting private companies and state institutions in Romania.
“Exports continued to account for a significant share of the company’s revenues. On the one hand, we gained more international clients, while on the other we expanded to markets we had not approached, such as China, Japan and India,” Irina Socol specified.
Several complex projects have been completed this year, such as the computerisation of the Water Supplying Regie Autonome in the Jiu Valley and of ATLAS GIP. The projects started at Alro, Termoelectrica and ButanGas continued in 2002, as well.
The company also launched the Siveco Applications version 10.2, the facilities of which have been largely expanded by including new modules (production management, International Accounting Standards). There are now more than 130 local clients using this ERP solution.