The company grows twice as fast as the country’s technology sector
Sirma Group Holding AD remains one of the largest and most stable software companies in Bulgaria, ranking among the top ten for yet another year. In 2024, the company experienced remarkable revenue growth of 24%, which is double the average growth rate of 12% for the top 100 companies in the country’s technology sector. This information is based on the Digitalk 101 ranking, which assesses the financial performance of the 100 leading IT companies operating in the Bulgarian market.
Tsvetan Alexiev, CEO of Sirma Group Holding JSC, shares:
I am proud that, despite our maturity and 33-year successful history, our entrepreneurial spirit and desire for growth remain strong. Our robust track record in all areas of our expertise, combined with our pioneering position in the field of AI, demonstrates that we have tremendous potential. This is why we are setting increasingly ambitious plans to establish Sirma as a leading technology company in the region. Our strategic vision is to position Sirma as a leader in AI-driven corporate transformation within the next five years.
Sirma ranks 14th in the Digitalk 101 listing for “Highest Projected Growth.” The company aims to achieve 20% growth and double its turnover by 2025. According to its publicly announced interim financial results for the first quarter of 2025, Sirma experienced a 35% increase in revenue compared to the same period in the previous year, which gives the company confidence in meeting its short-term goals.
In a competitive landscape featuring major international players, Sirma holds the 22nd position in the “Fastest Growing Companies” category. Additionally, Sirma is ranked 16th in “Systems Integration” and achieves 2nd and 5th places in the Top 10 Hardware Vendors and Harware System Integrators. In the overall Top 100 ranking, Sirma occupies a notable 27th position, solidifying its status as one of the largest Bulgarian software groups that successfully competes with global technology leaders and showcases its significant contribution on the international stage.
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