External market boosts TotalSoft business to €10 mln

"Expansion on external markets is a major company goal. International operations bring a high potential for growth," TotalSoft's General Manager, Liviu Dragan, told Business Standard.

This year, some 15 percent of the company's business came from abroad, compared to 5 percent last year. In 2008, TotalSoft plans to increase its income from external projects to some 35-40 percent.

The Charisma applications suite accounts for about 65 percent of the company's income, with a turnover worth some €8 million from this business alone, Dragan said. Currently, 20 percent of that turnover is made abroad.

"We are very close to entering the Ukrainian market and hope to expand to Poland early next year," Dragan said. The company currently operates in Albania, Bulgaria, Serbia, Greece and Russia.