Businessman Marius Cojanu, the owner of the Romsys company, one of the biggest IT&C solution integrators on the domestic market, has received a number of takeover offers from investment funds and other companies over the last few years. He turned them all down.
"A lot of companies and investment funds have dropped by over the last five years, proposing to buy Romsys. I didn't sell then, and I'm not going to from now on, either," Cojanu told Ziarul Financiar.
"I made 11 million dollars in profit last year, at a 44 million-dollar turnover. What reason could I possibly have to sell? With a margin like this, think how fast anyone investing in the company would get their investment back," he explained. "I want the company to keep growing, and as long as I can fund its development, I do not intend to sell. The profit has been reinvested into the company so far," Cojanu added.
Romsys was established in 1993 and is 99.99% held by Marius Cojanu.
According to the data presented, Romsys posted 44.8 million dollars (36 million euros) in turnover last year, compared with 31.5 million dollars (25.37 million euros) in 2004. The number of employees went up to 217.
Cojanu did not care to provide details about this year's trend of Romsys' turnover. "We are confident in the development of the business. We can't tell you any more; we are not toying with millions here. There are some projects that began now, others will start and they may take a longer while (to complete i.e.), and are likely to influence the company's indicators," he said.
Romsys invested half a million euros in the opening of new offices inside the Bucharest Business Park, which it inaugurated last week.
"This is an investment in the corporate image, which was also made so that the foreign experts we work with could find an environment similar to that in the West. The new headquarters is important in this regard as it is also close to the Henri Coanda airport," said Mihai Popescu, Romsys development manager. The company is known especially for the implementation of IT solutions in the military sector. Romsys was certified by the Office of the National Registry for Secret State Information (ORNISS) to work on classified national and NATO projects. Romsys also has major clients in the financial-banking, telecom, automotive, utilities and governmental sectors.
Several entrepreneurs in the Romanian IT industry, especially young ones, have sold their stakes in the companies they developed, this year. IP Devel founders, Bogdan Putinica and Bogdan Daniel sold the controlling interests in the company to Swiss Adecco Group, in a 6 or 7 million-euro deal.
US-based Adobe Systems paid some 20 million dollars for Romanian software developer Interakt, market sources say.
The founders of the company, Alexandru Costin and Bogdan Ripa will get the most out of the deal, with a significant amount to be collected by George Haber, a Romanian-born American entrepreneur.
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