Siveco starts to earn contracts with foreign countries

Siveco, the biggest Romanian software producer, with nearly 61 million euros in turnover in 2009, has this year pursued a policy of expansion on foreign markets, sealing contracts with public institutions in countries such as Turkey, Morocco, Azerbaijan and the United Arab Emirates.
“In 2010 the share of revenues contracted directly by Siveco from projects with national and international public institutions is of around 44%. Of the 44%, 27% come from ongoing contracts in Romania and 17% from international contracts,” Irina Socol, president and general manager of the company, told ZF. Siveco has sealed more than 100 new contracts this year in Romania as well as abroad, where it has contracts on segments such as eLearning and eHealth.