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Codespring from Cluj Stakes on a 30% Business Growth in 2014


Codespring in Ziarul FinanciarOn Sunday, 23.03.2014, ZF (Ziarul Financiar) the leading Romanian business newspaper has published an article about Codespring. Authored by Ioana Nita, the article is based on an interview with Mr. Walter Brem – General Manager of Codespring and highlights the company’s current market orientation and its’ future plans.

Written in Romanian, the article may be read at the following link: http://www.zf.ro/business-hi-tech/clujenii-de-la-codespring-mizeaza-pe-cresterea-afacerilor-cu-30-in-2014-12317505. For your convenience we have translated the article in English too. Enjoy reading!

Codespring from Cluj Stakes on a 30% Business Growth in 2014

23.03.2014 / Publication: Ziarul Financiar;

Author: Ioana Nita

Codespring, a software development and outsourcing provider  from Cluj-Napoca, is aiming at a 20-30% turnover increase in 2014, after the company has registered a constant Euro 1,2 million total turnover in the last two years, as a result of its’ operational consolidation strategy.

Codespring’s revenues are exclusively due to export contracts.

„In 2014 we plan to relaunch the contracting activity. (…) We estimate that this action (the presence on foreign markets with the support of specific industry associations – editors note) will result in a 20-30% total turnover increase” declared Mr. Walter Brem – Codespring General Manager for ZF. He also added that for the next five years, the company will maintain its’ focus on the specialized markets from Europe and USA, but it also plans the consolidation of its’ position in the region.

Initiated in 1998, bearing its’ current brandname since 2005, Codespring offers a wide range of services, grouped as it follows: software development, software outsourcing, software testing, IT security, web development and mobile development.

Codespring’s customers are mainly specialized companies and departments from Europe and USA, that are operating in various industry fields – such as banking & finance, building & construction, B2B logistics, color management, media & entertainment, education, food industry, travel and service (SFA, ERP, CRM).

Among the foreign customers that have opted for Codespring’s outsourcing services we count Datacolor Inc.(USA) – global leader in colour management solutions and colour communication technology, InPhase Technology AG (Germany) – leader in  video broadcasting solutions,  IPTV solutions and video networking, Seeburger AG (Germany) – market leader in business-to business integration, Trimble Inc. (SUA) – developer of the first 5D BIM (building information modelling) solution in the world.

Currently, the company holds a total of 55 employees, the personnel fluctuation being extremely low, of maximum 10%. In 2013, Codespring has hired specialists for mobile and multi-platform application development; this year they intend to grow the reserach & development team and to complete the mobile development team.  Therefore, in the upcoming period the company will be looking for programmers with professional background in the following programming languages: C/C++, .NET, Java and/or C#.

„We are facing a technological leap of major importance for our society. The growing mobility of individuals is facilitated by this mobile technology that is actually redefining both the human-machine interactions and the machine-machine interaction. The wearable technologies, the necessity for technology convergeance in order to achive what we call smart home, smart car, smart living, engenders demand for new, innovative solutions and a redefinition of dynamic data management”, said Brem.

 About Ziarul Financiar

At the forefront of business journalism in Romania for the past 15 years, ZF is a fundamental source of information covering the local business climate and an indispensable guide to identifying and understanding changes that impact the economy.

The daily newspaper and the website www.zf.ro are a top source of news, analyses and insights for managers, investors and entrepreneurs.

Both in print and online, ZF provides its readers with accurate and timely financial and business, as well as with extensive market analyses covering all sectors of the economy.

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