Sunday, December 16, 2007

Romsys bought by New Frontier Holding

Romsys is a major System Integrator in Romanian Market and SAP partner. In 2006 reported 25.8 mil Eur as a sales figure (20% less than 2005). Main customers are gaz and energy distribution companies like EON Gaz Romania, Distrigaz Sud, Hidroelectrica, Electrica Dobrogea, banks: ING, BRD, UniCredit, etc... Also, Romsys is one of the main IT suppliers for the military sector... Marius Cojan has now about 25% of the companies shares and he said that the main focus will be on the middle and large companies. Besides this transaction, this year there were many investments fonds that got a bigger or smaller pack from the local software companies' shares.

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