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Indaco Systems estimates turnover of 4.5 million euro

Indaco Systems, specializing in legislative software, estimates 2008 turnover of 4.5 million euro, up 50% versus 2007.

Last year, Indaco Systems doubled its turnover to 3 million euro due to the development of some new categories of products and expansion of partnerships. Daniel Iane, CEO Indaco Systems, says in 2007 the value of the investments was bigger than 200,000 euro. Part of this sum was used for expanding the partnerships with Oracle and Data Center. This year, the company will continue to invest in technology. At present, the line of solutions and services of legislative research represent some 70% of the company's activity. Indaco Systems will focus this year on the segment of billing solutions and estimates it will hold 40% of this market by December 2008. The company estimates reaching the level of 45% on the market of solutions and services of legislative research by the end of the year. In this field, Indaco Systems competes with Piatra-Neamt Territorial Centre of Electronic Calculation (east), Neamt IT Company and Wolters Kluwer firm. The main clients in Romania for the legislative software are the ministries, the institutions subordinated to the Ministry of Justice and the consultancy companies. The local market of legislative software stood at some 8 million euro in 2007 and may reach 10 million euro this year. Sursa: http://www.rompress.ro

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