Press Releases

In this section we provide you with the latest articles, event information, and breaking news relating to Zitec.

Press Releases
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Zitec in the news
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In this section we provide you with the latest articles, event information, and breaking news relating to Zitec.
Business-Review.eu

Zipongo, the Silicon Valley start-up backed by Romanian Zitec, raises USD 18 mln in fresh funding

The American start-up Zipongo, in which Romania app maker Zitec holds a minority stake, has raised USD 18 million in a new financing round. The Silicon Valley-based company has been able to attract USD 28 million up to now to finance the development of various apps in the nutritional area.

Business-Review.eu

M&A alert. Zitec takes over digital services firm Inotec

Zitec, the Romanian developer of online applications, has announced the acquisition of Inotec, a company providing web-design, development and digital marketing services, for an undisclosed sum, in a bid to grow its operations. The IT company took over the team and the portfolio of Inotec, which registered a turnover of EUR 300,000 last year. Zitec said that its plans for new acquisitions are ongoing.
Romania-insider.com

Romanian software company Zitec wants 70% higher turnover this year

Romanian software company Zitec estimates a year-on-year increase of 70% in turnover this year and a team of 130 employees, according to Alexandru Lapusan, the company’s manager, cited by local Hotnews.ro.

Romania-insider.com

Romanian online application producer sees higher revenues, expands team and HQ

Romanian software producer Zitec upped its sales by 50% in the first half of this year, to some EUR 1.5 million. The company, which makes online applications, generated half of its revenues from local clients, and half from international clients, said Alexandru Lăpușan, CEO and founder of Zitec.

Romania-insider.com

Romanian software company Zitec’s turnover up 60% in 2013

Romanian software company Zitec recorded a turnover of EUR 2.3 million in 2013, up 60 percent year-on-year, according to the company. Half of the company’s revenues came from projects delivered abroad