The company completed over 190 projects across various industries.
In a recent interview with Bloomberg TV Bulgaria, Momchill Zarev, Chief Growth Officer at Sirma, shared exciting updates and discussed recent developments within the company. He highlighted the benefits of business consolidation at Sirma and how this strategy has enhanced our service offerings, strengthened client relationships and helped improve our operational efficiency and processes.
As we move into 2025, there is optimism and satisfaction from reflecting on the past year: Sirma accomplished over 190 projects in 10 different industries, achieved as part of the group’s ongoing consolidation processes. These numerous successful projects demonstrate our team’s ability to adapt Sirma’s technology solutions to diverse segments and needs, offering innovations transforming companies’ operations.
The Importance of corporate consolidation started in 2024
Sirma successfully consolidated six subsidiaries under a unified brand, which is part of the company’s long-term strategy to scale operations and establish itself as the leading IT provider in the Balkan region. While we engaged in corporate restructuring, we also fulfilled our commitment to acquire promising companies, including the Romanian technology firm Roweb Development. The Romanian market presents significant opportunities that are three times larger than those in the Bulgarian market. We also aim to acquire companies with more than 100 employees in the region, particularly those involved in developing new markets in Western Europe.
The business consolidation enabled us to offer a broader range of services and improve client collaboration. Every merger process requires time for the benefits to employees and for investors to recognise the effects. We are pleased with our decisions, as the anticipated financial impacts of consolidation are already being reported, with substantial process improvements and efficiencies leading to increased business.
Sirma’s business expansion strategy will include organic growth and acquisitions in promising sectors. Collaborating with various clients offers valuable experience that helps us create new verticals and deliver additional services, enhancing the expertise and resources of our team. At the intersection of technology and industry, Sirma is dedicated to developing transformative solutions that address each sector’s unique challenges and opportunities, positioning us as a catalyst for innovation locally and globally.
The company’s primary focus is on optimisation to achieve better results with available resources. This sector can be complex for those unfamiliar with IT, so we are committed to providing more information to our investors. This effort already yields positive results, as evidenced by the rising share price. However, we believe we have yet to reach our full potential.
Sirma’s long-term goal remains unchanged: to be listed on the Frankfurt Stock Exchange and enter the German market, where we have significant clients. Ultimately, we hope to reach NASDAQ and make our stock accessible to everyone.
Employee development continues to be a top priority for Sirma in 2025. Over 90 professionals have enrolled in professional development programs, underscoring the company’s commitment to its teams’ personal and professional growth.
Unlike many other companies in the software industry, we believe now is the right time to invest in our team and enhance their qualifications. Sirma is focused on long-term goals that require continuously developing high-quality specialists and know-how. An example is the Sirma Academy project, which trains and integrates new personnel into the sector and supports our successful growth in 2025.
In summary, 2024 has solidified Sirma’s position as a leader in the technology sector in Bulgaria and the region. In the coming year, the company will continue to expand in its priority verticals: software development, business and technology consulting for the banking, fintech, insurance, transportation, digital healthcare, logistics, hospitality, e-commerce, public sector, cross-industry, and packaging industries. Our software experts are committed to discovering technology solutions that can redefine industry standards and drive business success and growth across all fields.
