You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Romanian IT firm Zitec posts 34% rise in turnover in 2019

Romanian IT firm Zitec posts 34% rise in turnover in 2019 Zitec office, Romania. (Author: Zitec). License: all rights reserved.

BUCHAREST (Romania), February 17 (SeeNews) - Romanian software company Zitec said on Monday that its turnover rose by 34% year-on-year in 2019, reaching 7 million euro ($7.6 million).

Growth in 2019 was driven by a 200% increase in the the digital marketing segment and by a 68% increase in the Cloud solutions segment, Zitec said in a press release.

2019 was a year of growth and consolidation for the digital marketing division, which generated a total turnover of 770,000 euro. On the Cloud solutions segment, Zitec's business reached 600,000 euro in 2019.  

Last year, Zitec's invested 1 million euro in the development of Mirro, an application that helps companies increase their team performance.

"In 2019, we focused our efforts on diversifying the services we offer our clients both in Romania and abroad, as well as on expanding the client portfolio which is reflected in the growth recorded last year. We will continue this year to invest in the development of our own Zitec products, but also in strengthening our position in the digital marketing solutions market," Zitec CEO and co-founder, Alexandru Lapusan, said.

In September, Zitec took over the teams and portfolios of local web-design, e-commerce, software development and digital marketing agencies Bright and Symbolic. 

Zitec offers a complete range of services which includes IT consulting, planning and developing web projects, SEO optimization and performance marketing. The company was founded in 2003 and has offices in Bucharest and Brasov.

($=0.9225 euro)