Endava business shows generous growth to EUR 9mln turnover in 2011

IT company Endava posted a 60 percent growth y/y in its business in Romania in 2011, up to a turnover of EUR 9.2 million, with a quarter of the company’s sales being achieved locally.

 The company also has boosted its number of employees in centers in Cluj-Napoca, Iasi and Bucharest to 340 people, up 33 percent on January 2011.

 In the first weeks of 2012, Endava has recruited other 50 people, and this year it estimates it will double its number of employees in Romania to over 750 people.

 Marian Popa: Romania has potential to transform IT into a dominant economy within 20 years

 “Taking into account the positive signals that are coming from IT companies with presence in Romania, regarding financial results and the growth in the number of employees, we can say that the entire IT sector posted in 2011 one of the best evolutions in the entire economy. This field will continue to grow this year because it is complementary to the austerity programs developed by companies, being the best and most faithful partner in making activities more efficient when resources are limited,” said Marian Popa, Managing Director Endava for Central and Eastern Europe.

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 He also stated that Romania has potential to develop the IT field into a dominant economy over the next 20 years.

 Among the main problems that IT companies have to face are the accelerated increase of costs, the gap between the needs of the industry and the graduates in this field, as well as the lack of one association made only of IT companies.

Otilia Haraga