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.

Monday, 11 November 2019

Croatian KING ICT Gains Job Worth 6.4 Million Kuna in The Hague

Croatian companies and indeed the entrepreneurs which get them off the ground in the first place experience varying levels of success both here at home and abroad. While the Croatian media tends to publish as much negativity as possible, there are many happy stories of success for the little guy in this country, which sadly get left behind in the array of depressing headlines pumped out by most media portals.

We at TCN try to do our best to always recognise the success, however big or small, of Croatian companies, entrepreneurs and products, because this little country boasts far too much talent and innovation to be bogged down in an endless circulation of miserable articles.

The Croatian state may well be no friend (or at best completely clueless) of the domestic entrepreneur and his business ventures, many other more economically developed countries recognise the quality that Croatia continues to produce across many fields.

As Poslovni Dnevnik/Bernard Ivezic writes on the 10th of November, 2019, the Croatian company KING ICT, with its seat registered in Zagreb, has just been chosen for an impressive job with a price tag of 6.4 million kuna attached to it in The Hague (Den Haag) in the Netherlands. 

''We are proud to be able to confirm the professionalism and expertise of our employees,'' stated Sendi Radić when speaking about KING ICT's newly contracted job in the Netherlands. KING ICT has been awarded the job of implementing a high-throughput network and a communications infrastructure solution at the NCIA site in no less than The Hague.

The implementation process will take four months, with a project value of just over 6.4 million kuna in total. Sendi Radić, a member of the board of the Croatian company KING ICT, says this is an extension of cooperation following the successful implementation of a solution for NATO's Communications and Information Agency in the Netherlands.

Make sure to follow our dedicated business page for much more on Croatian companies and their domestic and international successes.

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