One of the largest Croatian IT companies has taken over InfoCumulus.
One of Croatia’s leading IT companies and exporters has completed the process of taking over the InfoCumulus software company from Zagreb, which has strengthened its software segment that will continue to focus on large clients on the global markets, generating about 60 percent of revenues, reports tportal.hr on May 27, 2017.
Explaining at the press conference that the acquisition of InfoCumulus began two years ago, CEO of Span Nikola Dujmović stressed that the software part of the business is expected to be the basis for the development of Span in other IT areas where Span has not been sufficiently successful so far. He explained that the technological part of InfoCumulus had been merged with Span, while InfoCumulus’ business consulting services will continue to be provided as a Span’s subsidiary.
InfoCumulus was founded seven years ago by Sven Marušić, who achieved success in the software business segment, especially in the Azerbaijani market. He has now become a member of Span’s board of directors for software solutions. “We are mostly involved with projects on Microsoft technologies and platforms, cloud services, business automation solutions, and cognitive services based on machine learning approach,” said Marušić, adding that the InfoCumulus’ consulting business would be headed by Stjepan Vuković.
Talking about Span’s business operations, Dujmović pointed out that the company’s revenues mostly came from its international operations in numerous countries around the world, thanks to cooperation with major clients such as McDonald’s, Nando’s, Rolls-Royce Marine and others.
“Every year, most of our turnover and revenues are generated in foreign markets, and we grow every year, which is also seen in the first three months of this year when we achieved a 25 percent growth in turnover. We expect this to continue until the end of the year. However, as much as we look forward to the company’s growth, our optimism is reduced due to the situation in Croatia, particularly with regard to quality IT employees, which are getting harder to find due to the inadequate educational system,” said Dujmović.
Each year, the company acquires several new foreign partners and clients, and the business is growing nicely, which cannot be said for the Croatian economy which, in spite of all the parameters being quoted publicly, is not actually improving in any significant way. Dujmović added that the situation around Agrokor was a further reason to be concerned.
Span has offices in five countries and has already worked on various projects in around 100 countries. Its solutions are used by more than a million users worldwide.
The Span group currently consists of five member companies, employing 350 people in total, of which about 320 in Croatia. In 2016, the revenues of the group were more than 265 million kunas.