April 13 (SeeNews) - Romanian software development company TotalSoft will launch a programme aimed at attracting new partners, estimating its turnover at a total 100 million euro ($108.3 million) over the next three years, the company said on Wednesday.
The decision comes in the wake of the company’s 11% increase in turnover to 25 million euro last year, it said in a press release.
“The favourable results recorded by TotalSoft over the past year are a direct result of constant investment in solutions, along with a trend of digitalisation in the market. This year, we’ll be focusing on the same objectives, as well as investing in human capital and attracting new partnerships. Moreover, we aim to substantially increase the revenue generated by international markets, based on our new partnership programme,” TotalSoft CEO Gorkem Tursucu said.
To this end, TotalSoft will double investments in new products, it said without quoting figures.
TotalSoft’s programme aims to attract business partners, which would have the capacity to sell and deliver TotalSoft solutions, as well as offer support to clients. The programme also target technological partners, which would mean opening up integration platforms with a range of third party solutions, or integrating new technologies into existing ones. Finally, the programme looks to attract strategic partners in order to promote complex service or solution packages, with a view to increasing the competitiveness of clients.
Founded in 1994, TotalSoft is a Romanian software company, focusing on enterprise resource planning (ERP) solutions.
TotalSoft employs 550, of whom 150 were hired in 2021. The company’s portfolio includes projects in over 40 countries, and is active as part of eight key fields: financial, retail and distribution, production, services, construction, agriculture, energy, as well as medical.
TotalSoft was acquired by Turkey’s Logo for 30.2 million euroin 2016. This was followed by TotalSoft's acquisition and merger with Architected Business Solutions (ABS), a Romanian business management consulting group.
(1 euro =4.94 Romanian lei)