Romanian software company Zitec recorded a turnover of EUR 1 million in first half of the year, double compared to the same period in 2012. Moreover, the company expects its business to continue the growing trend and reach the value of EUR 2 million in 2013, according to Zitec.

In H1 2013, “50 percent of the revenues came from Romania, while the rest came from foreign markets,” according to  Alexandru Lapusa, CEO and co-founder Zitec. Also, most of the company’s new projects came from Romania and the U.S.

Zitec currently has customers in U.S., UK, Romania, Denmark, Greece, Cyprus, Qatar, Saudi Arabia, Egypt, and the United Arab Emirates.

The Romanian company also increased its number of employees to 75, from 57 in 2012, and plans to reach 85 employees by end-2013.

In its ten years of activity, the Romanian software company worked on average 1,200 hours for a total of 300 projects. Some of the software products developed by Zitec include Videopublishing – processing platform and video streaming that uses cloud-computing, HotelPeeps – a Facebook application that helps users find hotels, based on friends reviews, Sharoid, Zidox and iZuvio.

Irina Popescu, irina.popescu@romania-insider.com