Indaco Systems foresees €4.5 mln in turnover

The company’s main engine of growth has been the development of new categories of products and the expansion of partnerships, such as that with Oracle, needed to ensure competence in development and to expand the Data Center which provides online services, so essential to its clients, according to Daniel Iane, CEO of Indaco Systems.

Indaco is also hoping for an increase in market share in 2008 with its billing solutions. “By December 2008, Indaco will have 40 percent of this market,” added Iane. It also expects to reach a 45 percent market share for legislative documentation services, although in this area it is presently competing with Centrul Teritorial de Calcul Electronic Piatra Neamt, Compania de Informatica Neamt and Wolters Kluwer.

The local legislative software market was worth some €6 million in 2006 and €8 mln last year. For 2008, companies estimate 25 percent market growth.