Croatian IT Company from Osijek Continues to Grow, Worth 2 Million Kuna

Lauren Simmonds

As Poslovni Dnevnik/Lucija Spiljak writes on the 8th of June, 2019, over the years, this Croatian company has invested resources in technology research and the development of new products and functionalities in the domain of business information systems.

The expansion of the Spin company, which deals with IT, in its new office with its new 350-square-metre investment is now worth over two million kuna, bringing the company as many as twenty new jobs.

In the newly adapted attic, there are six offices, a conference room, a kitchen, and even a relaxing area for socialising.

“The goal of upgrading the business space is to provide a pleasant environment that will have a positive influence on the satisfaction and the productivity of our employees, as well as business development,” they said from this successful Croatian company.

Osijek’s Spin has been operating since as far back as 1990, employing 62 permanent employees, and investing heavily in intensive internal and external education. They are growing steadily and at the very beginning of the business, this Croatian company experienced growth of 15-20 percent per year, while in the last five years, they’ve grown by seven percent.

In the year 2018, they managed to make a massive 17.5 million kuna, as they say from the company, and the company’s newly created value stood at more than 14 million kuna. “We’re pleased with the growth and development of our business, especially the stability and the structure of revenue, with more than 80 percent of our revenue being from our own products and services, and we’re entering this year with growth as well, and we expect 2019’s growth to be 3-5 percent better than that of last year,” said Ivan Matejašić, Spin’s director.

This Croatian company is primarily concerned with the development and implementation of business information systems and the maintenance of the long-term vitality of their system’s information systems. That’s where Jupiter Software – an integral system and a leading solution in the field of agriculture, food and chemical industry, trade and a wide range of service activities, comes in. Jupiter Software provides a unique interface and an information space for managing all of the business processes within the company.

This system is used by more than 300 companies within Croatia’s region, of which 45 are on the list of the TOP 500 Croatian companies. As for this Osijek-based company, Poslovni Dnevnik asked Spin’d director to assess the current situation in Slavonia, as this region is most often mentioned as an example and result of Croatia’s burning problems of labour shortages and the departure of the workforce.

In Slavonia, they say they’re struggling with a lack of quality staff and various economic circumstances such as the burdensome Croatian tax system and the state of public administration, but the entrepreneur added that he is adjusting, adapting, and invests his energy in good planning and proper organisation.

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