Bittnet Systems foresees EUR 2.5 million turnover this year

Bittnet Systems IT training company ended the third quarter of the year with a turnover of EUR 1.3 million. The company management is confident that the company runs good chances of ending this year with a turnover of EUR 2.5 million.

The first three quarters of the year turned good results on the wave of an eightfold growth of revenues from cloud computing technologies, after the implementation of several complex projects such as private cloud implementation, cloud migration and cloud computing product licensing.

Bittnet Systems IT also collaborated with external partners such as Germany in projects related to moving data centers and reconfiguration of the network architecture.

“During the first three quarters of the year, demand for IT integrated services was high, and more and more companies are looking for a “one-stop-shop” partner that can entirely take over responsibility for IT problems, and support business development. We estimate the trend will go on in the last part of the year, which, combined with the seasonality of the business, makes us confident we will reach the EUR 2.5 million target for 2014,” said Cristian Logofatu, CFO of Bittnet Systems.

The company is recruiting and has also open internship positions in the sales, marketing and technical teams. On October 1, Bittnet opened its first regional office in Cluj-Napoca, which will cater for customers in Transylvania.

“Throughout this period, we have made significant investments in human resources. The recent employments will support the fast development pace of the company. In the third quarter we brought eight new colleagues into the team. These new investments are still not visible at the level of the financial results, but will have a significant contribution over the next period,” said Mihai Logofatu, CEO of Bittnet Systems.

Bittnet Systems was set up in 2007 by brothers Mihai Logofatu (in picture), 29 and Cristian Logofatu, 33, providing implementation, support services and hardware equipment.