November 22 (SeeNews) - A tie-in of companies led by Romanian IT company Connections Consult [BSE:CC] signed a contract worth 39.4 million lei ($8.23 million/7.99 million euro), VAT excluded, to put into operation a court cases management system for the justice ministry, Connections Consult said.
The tie-in will develop, test and put into operation the new ECRIS V court cases management system for the justice ministry, it said in a statement filed with the Bucharest Stock Exchange on Monday. The contract also includes training for the ministry staff.
The value of the activities carried out individually by Connections Consult will add up to 23.1 million lei, VAT excluded, and the estimated period for the delivery of the solution is July 2024.
Connections Consult was established in 2005 and is focused on facilitating the digital transformation of companies in fields such as banking, telecom, or retail. The company has over 300 employees in Romania, Bulgaria, Serbia, Germany, and Saudi Arabia.
In April, the company established wholly-owned US subsidiary in Fairfax, Virginia, in a move to tap the local technology talent market and ecosystem.
Its shares traded 5.66% higher at 3.36 lei by 1424 CET on Tuesday, on the AeRO market of the Bucharest Stock Exchange
(1 euro=4.9253 lei)