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The
latest quarterly production indicator shows a
76% growth in sales with over 140 employees at
the end of May (6 months ahead of schedule). This
figure is expected to move forward by the end
of June.
For the first semester, the early
internal growth indicator reached a record level
of more than 50%! The company's activities in
Romania and Moldova have increased by 115% over
the quarter and 100% over the semester.
The reasons for this rapid growth mainly lie in
the signing of big new offshore contracts (for
this semester the smallest offshore project involves
3 persons for a period of 3 years and the biggest-one
involves 15 persons). Concerning manpower, Pentalog
doubled its staff in its Brasov office in August
2006 and in its Chisinau office in March 2007
within one quarter. Finally, in order to support
the company's further growth, Pentalog recently
announced the creation of its fourth
office in Romania (in the city of Iasi). This
office is expected to be opened in July. Within
10 months only, Pentalog Romania-Moldova tripled
its capacities.
Since 2005, Pentalog had become
a European leader in offshoring. The company's
ambition is to become part of the top 20 of European
nearshoring solutions.
The Bucharest office is now dedicated to the local
market (80% of its activity), providing consulting
services to the biggest customers located there.
In 2006 the accumulation of foreign direct investment
in this city generated a nearly 10% growth rate
in the region. The European Structural and Cohesion
Funds for the modernization of IT in the public
sector will largely contribute to the emergence
of a local market to the detriment of offshore/nearshore
business. Yet the centralization of powers in
Bucharest and the lack of significant industrial
and commercial operations outside the capital
are favourable factors for offshore/nearshore
market expansion in the provinces.
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