Romanian software company Zitec’s turnover up 60% in 2013

Romanian software company Zitec recorded a turnover of EUR 2.3 million in 2013, up 60 percent year-on-year, according to the company. Half of the company’s revenues came from projects delivered abroad, mainly to customers in the US, UK, Greece, Cyprus and Saudi Arabia. In 2013, the Romanian company continued its investments in start-ups, some of the most important projects being the US online platformHuddleHero.com, dedicated to fans of team sports and the comics publisher HAC! BD (Romania). The value of investments in start-ups was of EUR 150,000. Zitec also increased the number of employees by 50 percent in 2013, its team reaching a total of over 90 software professionals. This year, the company plans to further expand its team, targeting a total of over 120 specialists. Zitec’s portfolio currently includes 72 clients to which the company delivers software projects and solutions based on several open source technologies. Zitec was founded in June 2003 and some of its software products include Videopublishing – processing platform and video streaming that uses cloud-computing, HotelPeeps – a Facebook application that helps users find hotels, based on friends reviews, and Zidox - a system of document management. Irina Popescu, irina.popescu@romania-insider.com