Wednesday, 28 October 2020

Croatian Company Q Among 20 Best IT Companies in World

October 28,  2020 - After being declared one of the fastest-growing companies in Europe, Croatian company Q received another prestigious award. reports that according to Clutch, the world's leading research agency for ranking IT companies, Q is one of the 20 best global web development companies in the world, among the top ten in Europe, and the best B2B company in Croatia, the company reported.

"We are proud that Clutch, as the world's best-known IT ranking platform, has recognized Q as one of the best agencies in Europe. As many as 9 of Qa's 10 largest clients are the world's leading companies in their industries. This is a great confirmation to the whole team we are raising the projects we are working on to an even higher level,” stressed CEO Filip Ljubić.

With this recognition, Q continues with top results, they added in a statement.

When compared to the last six months, marked by the global coronavirus pandemic, in the same period as last year, Q’s revenue grew by more than 50%. During this period, the Zagreb company acquired 22 new clients from eight different countries. The team of top experts has been enriched with 46 new people, and ten additional benefits are available to employees.

“During the COVID period, we did not want to cut costs. In fact, we hired additional people in sales and communications in the first wave and decided to focus globally on non-crisis industries such as medicine and pharmacy, and today we have six clients from this fast-growing sector,” Ljubić explains the moves that led to the expansion of the business and new recognitions.

Every year, Clutch's prestigious IT ranking platform compiles a list of the best companies according to customer satisfaction. Clutch performs analyzes, contacts clients, makes surveys, all for the purpose of obtaining the most accurate results or clients' attitudes about the company they work with. Clutch's results are unique and objective because they provide a comprehensive and credible insight into global projects and business processes of companies around the world, which is why this is a great success for Croatian Q, which is among the top 20 in the world.

To read more about business in Croatia, follow TCN’s dedicated page.

Thursday, 12 December 2019

2019 Proves Incredible Year for King ICT With Billion Kuna Revenue

The second largest system integrator in the country, King ICT, boasts 500 employees and as much as 90 percent of its revenue is generated right here on the Croatian market.

As Bernard Ivezic/Poslovni Dnevnik writes on the 11th of December, 2019, Croatia's King ICT plans to round off the year 2019 with an incredible one billion kuna in revenue and more than 500 employees under its belt. This will make it the fourth IT company in all of Croatia with revenue above the more than impressive aforementioned amount.

According to the latest data, for 2018, Croatian IT billionaire companies are led, globally, by Infobip with 3.24 billion kuna in revenue. This is followed by the M SAN Group with 1.94 billion kuna and Ericsson Nikola Tesla with 1.42 billion kuna.

"We're entering 2020 with 500 employees, and we're proud to say that 2019 was the most successful year in King ICT's history, with estimated consolidated revenues of more than one billion kuna," stated Plamenko Barišić, CEO of King ICT.

Back in 2016, the company experienced accelerated growth. At the time, it had revenues of 554.7 million kuna and was the second largest system integrator in the country, behind Combis within Croatian Telecom (Hrvatski Telekom). Combis retained the lead a year later, but then things changed.

King ICT reached 625.8m kuna back in 2017, surpassing Combis last year and exceeding an impressive 100m kuna for the very first time. In 2018, it had revenue of 816.9 million kuna. Barišić expects King ICT to continue growing strongly.

King ICT and Combis are the only major system integrators focused significantly on the Croatian market, whose private and public sectors are thirsty for high-quality IT support and development. King ICT generates 90 percent of its revenue in Croatia while many other domestic IT companies have focused solely on exports in recent years.

Some of King ICT's biggest projects this year in the Republic of Croatia include the introduction of SAP in HEP ​​Gas, HAC, Crodux and Nova TV, the introduction of asset management systems in HZ infrastructure, the development of an unmanned aerial vehicle for the Ministry of the Interior (MUP) in cooperation with Ericsson NT, with whom they're also working to further computerise the 112 system.

The Ministry of Agriculture is introducing a system for state land management and, with Fina, an e-Fee system. King ICT is expanding to the west as well.

"King ICT has signed two contracts with NATO's Communications and Information Agency this year and, after the introduction of IT network equipment in the Netherlands, we'll introduce a high-bandwidth network and communication infrastructure solutions at the NCIA site in The Hague," Barišić said, adding that opportunities for similar export deals in the banking sector are also foreseen.

Make sure to follow our dedicated business and Made in Croatia pages for much more.

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