Romanian IT provider targets EUR 7 mln turnover for 2017

Romanian IT provider Bittnet Systems wants to reach a EUR 7 million turnover in 2017, compared to the EUR 1.8 million turnover the company recorded last year. This year it plans to grow the business to EUR 4 million, whereas, for 2016, it targets EUR 5 million, said Cristian Logofatu, financial director with Bittnet Systems, cited by local Ziarul Financiar. The company supplies training services and IT integration. The training services contribute 20% to its turnover, while the IT integration brings the rest. At the beginning of March, Polish investment fund Carpathia Capital acquired a 10% stake in IT Bittnet Systems, for EUR 150,000. editor@romania-insider.com