GeCAD to focus on China and the Middle East

The decision was made because these are areas where client liquidities have not been severely impacted. The United States and Western Europe are no longer the main investors in IT services," Georgescu said.

“If we are among the first to go to the new interest regions, we will have a lot to gain financially,” Georgescu, said.

According to Georgescu, the group’s business is to double next year, but did not provide a precise figure. “From this point of view, I cannot say that we are undergoing a crisis. We foresaw the economic situation eight months ago, and had time to adjust our targets. We have sufficient liquidity, the crisis brings new opportunities to the market, and online sales are doing better than offline ones, which is a plus for our ePayment solution,” he added.

GeCAD provides IT security solutions, online payment solutions, computer forensics and software.