March 31, 2015

Romanian IT solutions provider for retail targets €100 million turnover and new markets

Romanian IT solutions provider for retail targets €100 million turnover and new markets

Romanian Business Consult (RBC), the largest local IT solutions provider for the food and retail industry, plans to reach a €100 million turnover in the next 5 to 7 years. It wants to achieve this target through acquisitions and organic growth.

The company recorded last year a €15.8 million turnover and plans to increase it by 10 percent this year, it announced. “Given the economic circumstances, we believe the growth pace, both vertically and horizontally, is healthy and showcases a business ready for sustained development,” said Andrei Bojita, CEO of Romanian Business Consult.

Despite impediments which hindered growth for the retail industry last year, such as the search for new, smaller and more flexible formats and the price pressure, the RBC market share stayed constant, said Bojita.

The company is looking at acquisitions on niches it doesn’t cover, such as pharmacy, gas stations, restaurants or hotels. Acquisitions could have a 25-50 percent share in growing the business.

Priorities for the retail industries include helping clients integrate easily and within the legal deadline the electronic journal cash registers, the company announced.

In 2014, investment fund Oresa bought a minority stake in RBC. The company was founded 23 years ago and is headquartered in Bucharest, with secondary subsidiaries in Cluj-Napoca, Timișoara, Iași and in the Republic of Moldova, at Chisinau.

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