Romanian IT company Teamnet International will update the National Agency for Cadastre and Land Registration's (ANCPI) information system, in a contract worth EUR 9.6 million, over the next 15 months.

Other two joint ventures submitted tenders, namely the En-Genius Solutions and Bull Romania groups, respectively Star Storage and Indra Sistemas, according to data from www.e-licitatie.ro, quoted by Mediafax. The contract will be financed from European funds  - the European Regional Development Fund - and the state budget.

Teamnet was founded by the Social Democrat Party (PSD) deputy and businessman Sebastian Ghita, as part of the Asesoft group. Ghita announced in August 2012 that he had sold all his shares in the IT&C companies, including Teamnet.

Diana Mesesan, diana@romania-insider.com