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What does ZF write about Codespring?

Find out how government measures could affect Codespring and other software industry representatives. Discover what staff members is Codespring recruiting. An article by Andreea Magraon published in the Ziarul Financiar.

Cluj-Napoca-based company Codespring is currently searching for software engineers and testers

Author: Andreea Magraon

Published by: Ziarul Financiar, online version, on June 15th, 2010


Cluj-Napoca-based company Codespring, a software development supplier, counts on a 10% growth in turnover for 2010, up to EUR 1,1 million compared to EUR 1,0 million registered last year.

Founded in 2005 with 100% Romanian private equity, Codespring is active on the software development market both as an independent supplier and as an outsourced supplier, General Manager Mr. Brem declared for Ziarul Financiar.

Codespring’s largest customers are the German supplier for integrated business solutions – Seeburger, the Hungarian company – Graphisoft and Teracue – the German dealer of IPTV equipment and broadcasting. According to the GM’s declarations, these contracts have allowed Codespring to enter and develop on the international market. The Cluj-Napoca-based company also has contracts with Vico Software and Datacolor, both from the USA.

During a recession period, this company is still looking to hire more staff.

“Codespring is currently involved in an active recruitment process; we are looking for experienced people in software development and testing, mostly Java and Symbian experts”, says Mr. Brem. Today, Codespring has 50 employees.

Regarding the Government’s recent measures and the potential tax increase, Codespring officials consider that the direct effect upon companies in this industry would be the increase in the cost of highly specialised work force. „Especially for outsourcing contracts, this could lead to a decrease in profit margins of local companies and the loss of a competitive edge that we currently have as opposed to other alternative geographic areas”.

“Indirectly, we will be forced to a play-off policy. In order to retain those customers who have chosen Romania as their software development center, local companies will be tempted to assume part of the cost variation or to initiate renegociations from a less favourable position than before”, the General Manager added.

The local software market is forecasted to reach EUR 680 million this year, based on contributions of outsourcing and IT services. According to analysts, the outsourcing sector may display a growth of up to 20%, while software development and services may grow by up to 10%. Last year the oustourcing market has recorded a total value of Euro 35 million, excluding the deals related to the telecom networks.