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Accenture Security Report identifies top cyber threats in 2017

Destructive ransomware, alternative crypto-currencies and increased use of deception tactics among threats driving even more lucrative criminal marketplace are among top cyber threats in 2017 identified by Accenture's latest report.

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Cybersecurity the sharp (s)word of today

Technology moves the outsourcing services industry - as it does all service industries - towards new horizons, not all of them known. Companies are willing to outsource more, as they are challenged by an increasing need for transparency and fast response to market needs, and the desire for more value at lower costs.

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SAP employees to teach programming to scholars in Cluj-Napoca

Ten volunteers working for SAP company together with Cartea Daliei association will organize a Scratch programming teaching club to function at Emil Isac school based in Cluj-Napoca, the company announced.

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Yonder: The first Dutch company in Cluj expanded to Iasi -from OT print issue

Yonder is the first Dutch company to start work in the Cluj market on an outsourcing model. That was back in 1993 with a small team of IT enthusiasts

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British firm Xoomworks to grow 30-40 per cent Cluj operations

After entering the Romanian market in 2007, British company Xoomworks Outsourcing grew its operations to 100 staff, tells Outsourcing Today company's managing director, Christophe Bajc.

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Codespring: 95 per cent retention rate, as Cluj lures in by charm

"I have set up the first software development and outsourcing team in 1998. Since then, we went through many changes and the investment itself has spread across the years and projects," recalls Levente Szélyes – founder & CEO of Codespring tech brand, from Cluj-Napoca.

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Luxoft surged 40 per cent in 2015 – Exclusive OT print issue

If you're a Swiss private bank client, most likely your account is managed through Luxoft's Romanian team of experts' designed applications. UBS, Deutsche Bank and Credit Suisse are just a few of the plethora of clients Luxoft's Bucharest centre serves in Europe and US, tells Outsourcing Today the company's country manager, Bogdan Pelinescu.

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RES enters the Romanian market and hires 40 in its R&D center

RES, a company specializing in enabling, automating and securing digital workspaces, has entered the Romanian market by opening a Research & Development center in Bucharest, says the CEO of RES, Al Monserrat.

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A fierce competition with a boomerang effect - Exclusive OT

The IT professionals market is undergoing a fierce competition, which in most cases means a salary growth not always backed by performance and productivity increase, a move that can have a boomerang effect on a medium term and a decrease in the interest of doing business in Romania, says Monica Jiman, deputy CEO of Pentalog.

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Luxoft Romania ups turnover figure 56%, has energy, utilities and aviation in mind

Luxoft Romania, a provider of software development services and IT solutions to global customers, last year recorded a turnover of 222.3 million lei, up 56% compared to previous year.

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Exclusive, OT print issue: Teamnet invests ten million Euro in 2016, expands regionally

Romania moves forward adopting technologies such as the Cloud, The Internet of Things (IoT), Geographic Information System (GIS) or Unmanned Aircraft Vehicle (UAV), which will most certainly lead to technological innovation that will drive Romania's development in the next two decades, says Bogdan Padiu, CEO, Teamnet Group.

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Stefanini Romania goes to Targu Mures and Chisinau – OT print issue

When Marco Stefanini established his training company in 1987, he would have never imagined that about 20 years later his company will be present in Romania. Stefanini's Romanian operations grew about 25 per cent last year and another 20 per cent upswing is expected for this year, Andreea Stanescu, senior director of Service Delivery EMEA, Stefanini Romania, tells Outsourcing Today.

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Endava: keeping up the 30 per cent growth rhythm - OT print issue

Romania now holds the top position in Endava's personnel figure, with 56 per cent of the company's 2,500 employees located here, according to Valentin Metzger, CEE Delivery Director, Endava.

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Oracle Romania inaugurates the Iasi office

Oracle officially opened its first office in Iasi, a project that is part of the expansion of the company nationally. Sorin Mindrutescu, country leader & director CEE Cloud and Hans Klemm, the US ambassador to Romania were present at the new Oracle office inauguration.

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Atos: Most important is building trust - OT print issue

Atos will expand its Romanian operations and intends to reach about 2,000 employees nationwide by the end of 2016, tells Outsourcing Today the Atos country manager, Catalina Dodu.

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Microsoft calls entrepreneurs to action to Accelerator Bootcamp

Early stage Romanian IT &C companies are summoned to join Microsoft Accelerator Bootcamp, one of the biggest events for start-ups and entrepreneurs organized by Microsoft and now hosted for the first time in Central and Eastern Europe, at TechHUB Bucharest.

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Xerox Romania improves market share in an 80 million USD market - OT print issue

Xerox sees the document services and outsourced management markets growing in 2016, keeping with the upward trend of the economy, says Gabriel Pantelimon, general manager of Xerox Romania.

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Microsoft to control more than 1.8 million LinkedIn accounts in Romania

While the world's IT giant Microsoft plans the takeover of the biggest professionals' network for 26 billion USD, it will also get control to Romania's more than 1.8 million users database.

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Digital Transformation is changing SAP's business, new investments to Romania

Romanian companies must understand that each euro invested into IT rolls into several euros of revenue, Rumyana Trencheva, managing director SAP for South Eastern Europe (including Bulgaria and Romania) tells Outsourcing Today.

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ISSCO expands local offices to Iasi and plans 400% growth

Following a successful journey in Bacau's IT outsourcing segment, ISSCO opens a new office in Iasi and ups its team by more than 75 new employees.

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Rockwell Automation opens first office in Romania

Rockwell Automation, the world's largest company dedicated to industrial automation and information, expands its business in East and Central Europe and has opened two new offices in Bucharest, Romania and Budapest, Hungary. Both offices will have experienced industrial professionals who have worked extensively with manufacturers in the country.

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Optima's turnover increased by 42% in 2015, 20% further planned

While Optima Group closed 2015 with a turnover of 4.8 million lei, an increase of over 40% compared to 2014, it also plans for this year a further growth of 20%

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SCC to open a third service center, turnover up 40 % - Exclusive from OT print issue

SCC Services Romania started activity in 2006, with a team of just 24 people. Now it has about 1,000 and by 2018 about 30 per cent more will join its team. "By the end of 2015 we've reached close to 1,000 employees and we plan to increase our headcount to over 1,200 by the end of 2016," tells Outsourcing Today the company's general manager for Romania, Adina Tapalaga.

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Veeam opens Bucharest office at 120 employees, to grow 60% by year-end

When Ratmir Timashev graduated from the "Moscow MIT" at the beginning of the 1990s, he would have never imagined he will found and lead a half a billion USD-revenue company that will expand globally in under 10 years.

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Intel might close the Bucharest offices?

HR managers in ITO companies may have thrilling news, as Intel may close down its local office, laying off more than 150 employees.

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Endava reaches 700 employees in Cluj center, plans 25% global growth

Endava, one of the IT services companies with rapid growth in the region, has expanded during the recent months its local team in the biggest center it has in Romania, located in Cluj-Napoca, reaching 700 full time employees.

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Teamnet unmanned aircrafts enter Italian market

Teamnet Group will provide UAV technologies in the Italian market as a result of a strategic partnership with Geocart.

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Oracle reaches 4,200 employees and plans further expansion

While Sorin Mindrutescu, Oracle's general manager for Romania, added up to its functions the leadership of the central and eastern Europe's Cloud division, the company grows solidly to about 4,200 employees, about a third more than last year's.

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Exclusive OT print issue: SCC to grow 20 per cent this year, expand to new location

SCC Services Romania started activity in 2006, with a team of just 24 people. Now it has about 1,000 and by 2018 about 30 per cent more will join its team.

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Qualitance included on top 5,000 fastest-growing private companies in Europe

The Romanian software company Qualitance has been included on the 2016 Inc. 5,000 list of fastest growing private companies in Europe over the past three years, owing to the 283% growth rate of Qualitance from 2012 to 2014.

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Poll reveals customer loyalty is still SF for more than half of companies

Less than half of the Romanian companies currently use a customer loyalty scheme, according to a poll amongst more than 100 local major companies.

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Exclusive OT: Laser printing market up 18% in units in 2015, -Pantelimon, Xerox

Xerox sees document services and outsourced management market growing in 2016, keeping up with the upswing trend of the economy, says Gabriel Pantelimon, general manager of Xerox Romania.

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Exclusive OT: British company Xoomworks to grow 30-40% Cluj operations

After entering the Romanian market in 2007, British company Xoomworks Outsourcing grew its operations to 100 staff, tells Outsourcing Today company's managing director, Christophe Bajc.

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Wizrom is looking for 40 consultants with "soft skills"

Wizrom Software looks for 40 consultants that not only have technical, but also soft skills, says a company release.

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Exclusive OT: Atos hires 600 IT professionals nationwide, will reach 2,000 by year-end

Atos will expand its Romanian operations and intends to reach about 2,000 employees nationwide by the end of 2016, tells Outsourcing Today the Atos country manager, Catalina Dodu.

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Exclusive OT: Stefanini Romania grew about 25% in 2015, Targu Mures and Kishinev are next

Stefanini's Romanian operations grew about 25% last year and another 20% upswing is expected for this year, Andreea Stanescu, senior director of Service Delivery EMEA, Stefanini Romania, tells Outsourcing Today.

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Romania learns TiVo with Ness upping to 140 programmers the Iasi center by year-end

TiVo Inc., the US TV programs management service company, announces the first year anniversary of the establishment of TiVo Romania software development center in Iasi with plans to double its size by year-end, Outsourcing Today has learned.

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Raiffeisen Bank Romania outsources online storage and comms to Google and Android

Raiffeisen Bank has initiated its digital transformation in improving the way the bank's employees collaborate and communicate.

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What are the risk areas in the ITO process

Regardless of its definition, IT outsourcing is a type of business operating strategy that will, sooner or later, significantly influence a reorganisation of corporate operations. It is not without significance that I use the word reorganisation here.

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Luxoft Romania hires 100 specialists for its local IT automotive division

Luxoft Holding, Inc. (NYSE: LXFT), one of the providers of software development services and IT solutions to global customers, continues its local expansion and employs 100 more IT professionals in its automotive division.

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UniCredit Business Integrated Solutions becomes ABSL Romania member

The Association of Business Services Leaders in Romania (ABSL), the leading organization representing the local business services, announceed a new member service provider in the field of information technology and communications (ICT) UniCredit Business Integrated Solutions.

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Stefanini: Using Agile in Brazil, or how to complete a three-party project

Managing a nearshore development project for a US client creates its own challenges; doing it in a three-party ecosystem requires even greater management of potential issues and a creative approach to project development.

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Capgemini, Accenture buy salesforce and cloud partners

Two giants in the solution provider space began the new year by boosting their cloud capabilities through their acquisitions of two European-based salesforce partners.

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Spending on service provider data centers is booming

The data center is transforming -- modernizing to meet business demand as technologies such as software-defined architecture, cloud and virtualization take hold.

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Luxoft expands into Poland, Germany and Sweden

Luxoft Holding, Inc., a leading provider of software development services and IT solutions to a global client base, announced opening new offices in Tricity - Poland, Munich - Germany and Stockholm - Sweden.

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Cloud and APIs change the outsourcing as we know it

As traditional software outsourcing evolves, cloud service management brings new challenges for organizations.

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IT outsourcing year 2015: major changes ahead

2015 was the year that IT outsourcing companies welcomed standardization, outcome-based contracts grew, while RFPs dimmed its pace.

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Automation and customization raise Wizrom revenue by 30%

Wizrom Software is forecasting an increase of 30% in revenues for 2015 due to special projects – design and implementation of customized, turn-key solutions.

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IFC and Black Sea Trade Bank inject more into Teamnet shares

Two of Teamnet shareholders, International Finance Corporation and the Black Sea Trade and Development Bank invested 1.5 million euro by purchasing additional 2,782 new shares of the Teamnet Group, according to a release.

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Centric to double Iasi opps, leases 1,700 sqm more in Palas center

Centric IT Solutions, a global provider of software solutions, has reached a total of 200 employees at the location in Palas Iasi center, where is present since 2012.

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Siemens to invest more into Romanian R&D opps

After finishing the Cluj Napoca 4.5 million euro investment last year, Siemens keeps on hiring more and more personnel for its Cluj and Brasov ITO centers, says George Costache, CEO Siemens for Romania.

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Half of Swiss jobs will be lost to automation-Deloitte Switzerland

A new analysis by Deloitte shows that 48% of current Swiss jobs could be lost to automation. Administrative, secretarial, agricultural and production jobs are most at risk.

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Companies such as Endava and Fortech drive up Cluj employment

In Cluj, Tech and outsourcing companies doubled staff transforming the Transilvanian city into second-largest IT investment destination in Romania.

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IDC: More than 7% of Romanian companies already have IoT solutions

About 7% of the Romanian companies have implemented Internet of Things (IoT) solutions, with 21% of the respondents to an IDC survey planning to adopt similar technologies during the next period, said Milan Kalal, program manager IoT, IDC CEMA, during a conference.

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US: IT outsourcing for healthcare sector to grow 40% by end- 2017

Black Book estimates the demands of data security, population health and value based benefits solutions, and revenue cycle modernization to drive the evolving payer ITO market in excess of US 60 billion by Q4 2017.

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Ymens launches new ERP for Romanian mid-caps

Ymens, the first cloud broker in Romania, launches Ymens ERP, an Enterprise Resource Planning cloud application powered by one of the ERP and cloud service providers, SoftOne.

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Risks and benefits in IT outsourcing

CIOs are under increasing pressure to execute new technological demands on ever-tighter budgets.

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Outsourcing security: What small businesses need to know

Forecasters predict that the booming managed security service provider (MSSP) industry will grow from $8 billion in 2015 to $30 billion by 2020.

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New technologies will accelerate digital transformation - Microsoft Summit 2015 Bucharest

Innovative technologies will accelerate the digital transformation in the coming years, say industry leaders at Microsoft Summit 2015.

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Teamnet, among top 5 standings in Deloitte Technology Fast 50 CE 2015 top

Teamnet, an IT system integrator with regional presence, was ranked fourth in the Big 5 2015 edition of the Deloitte Technology Fast 50 Central Europe.

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Healthcare IT outsourcing market is expected to grow at a CAGR of 9.17% by 2019

Healthcare IT outsourcing, the process of contracting IT-related services in hospitals and clinical laboratories to a third-party service provider, is expected to grow at a compond annual growth rate (CAGR) of 9.17% by 2019, according to a report published by Technavio.

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Candy Crush creator, with Bucharest office, bought for 5.9 bln. USD

Activision Blizzard is purchasing King Digital, maker of the popular mobile game Candy Crush, for a total equity value of USD 5.9 billion. King also has an office in Bucharest.

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Romania ranks second in Deloitte's CE Technology Fast 50 top

Romania ranks 2nd in Deloitte's CE Technology Fast 50 2015 top, after Poland, with ten businesses present in the competition of the most dynamic companies in the field of technology, in terms of revenue growth over a period of four years. Romania registered a significant increase for the third consecutive year, with 29 companies registered (compared to 18 in 2014), of which ten in Fast 50 (compared to six in 2014) and the leader of

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Veritas gets ready to expand its Romanian operations

Veritas, the data management unit of Symantec recently bought by Carlyle Group, intends to expand its operations and team in Romania, says Vasile Aniculaesei, Territory Manager of the company.

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Despite the crash, the next Silicon Valley is in China

A spectre is haunting Silicon Valley - the spectre of a Silicon Dragon. These may be tough times for the Chinese economy, the tech city of Shenzhen is playing its fiddle as Rome burns to the ground.

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Endava acquires Nickelfish to diversify its services

Enhancing its credentials in designing, building and running digital platforms for some of the world’s leading companies, Endava announces the acquisition of Nickelfish, a New Jersey based UX and interactive design firm.

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Indian IT & services industry on track to reach USD 225 billion by 2020

Indian technology and services industry is on track to reach its goal of USD 200 billion to USD 225 billion in revenues by 2020 and furthermore, to reach revenues of USD 350 billion by 2025, said NASSCOM in its latest report, quoted by firstpost.com.

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ITO goes with the flow. Where are the players sailing?

As innovation and technology develop at the speed of light, IT outsourcing grew by leaps and bounds, promising efficiency in terms of time, costs and productivity. Romania is well-known for its IT specialists, but, as the market becomes competitive, they become a needle in a haystack. Alexandra Lopotaru talked to major players to find out their projections in the coming years

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NEWS
Romania's IT industry could grow at an annual pace of 9 percent until 2025

Romania's IT industry could grow at an annual pace of 9 percent until 2025 and cooperation among the relevant entities is the key to the future, president of the Smart Alliance cluster Gabriel Munteanu told t

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Vitruvian Partners investment fund has purchased 30pct of Bitdefender from Axxess Capital

The Vitruvian Partners investment fund has purchased 30pct of Bitdefender from Axxess Capital, thus becoming the second biggest shareholder of the company evaluated at over USD 600 million, the software produc

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Accenture pledges thousands of hours to bring coding to students

Accenture employees across 56 countries have pledged to complete more than 10,000 Hours of Code and lead coding tutorial sessions around the world during Computer Science Education Week, Dec. 4-10, as part of t

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Ericsson names new Romania country manager

Swedish telecom equipment maker Ericsson named Dragos Mircea Rebegea as new country manager for Romania.

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Intel opens its center in the second office building within Openville Timisoara

Starting this December, the United Business Center 1 (UBC 1) class A office building within the Openville development will accommodate the Timişoara-based software research and development center of the Intel

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Bitdefender relocates production of BOX security device from China to Satu Mare

Bitdefender, one of the world's largest security solutions companies with Romanian roots, has moved the production of Box security device from China to Satu-Mare and said it is preparing the launch of its secon

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Microsoft extends partnership with Romania's Bitdefender to global level

Microsoft has extended its partnership with Romanian cybersecurity and anti-virus software company Bitdefender to a global level, Gabriela Matei, General Manager, Microsoft Romania announced at the 2017 Microso

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Certent opens new office in Bucharest

Certent, Inc., a leading provider of software-as-a-service (SaaS) solutions for equity compensation and financial disclosure management today announced the opening of a new office in Bucharest, Romania.

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iQuest continues its expansion on the European market, estimating a turnover of 32 million Euro for 2017

iQuest, one of the world's leading IT and software industry players, continues to expand its Western European market, adding its portfolio of new services and software to Customer Engagement Commerce and Intern

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Ness Digital Engineering celebrates milestone anniversary of its Technology Innovation Center in lasi, Romania

Ness Digital Engineering, a provider of digital transformation and custom software engineering services, is celebrating the five-year anniversary of its Technology Innovation Center in Iasi, Romania. The Iasi C

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EDITOR CHOICE
TELUS International: How customer service significantly improves with diversity in the workplace

Discover how cultivating a diverse workforce helps companies enhance their brand, attract top talent and deliver exceptional customer service

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Committed to growth

In the current swelling race of reaching the perfect algorithm for growth, companies operating various outsourcing services in Romania all relate to the main key drivers for business development in which people

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Shifting the workplace perspective towards high-end added value

This month, OUTSOURCING TODAY organized The Workplace of the future in IT and Outsourcing at Caro Hotel Bucharest, a new concept event meant to connect fast-growing corporate tenants from IT and outsourcing ind

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