Roweb Development, a Romanian software development company, announces the completion of a strategic partnership with Sirma Group, one of the IT leaders in Southeastern Europe, headquartered in Bulgaria and renowned for its expertise in artificial intelligence (AI) and automation technologies. As part of this partnership, Sirma has acquired 51% of Roweb’s shares, opening new development opportunities for both companies.
This collaboration is intended to support Roweb’s growth and access to new markets, solidifying its position as a provider of customized software solutions for various industries, including recruitment, real estate, tourism, finance, and e-commerce.
Benefits for Roweb
For Roweb, the partnership with Sirma means much more than just an acquisition transaction. It is an opportunity to benefit from the infrastructure and extensive resources of a company with a strong international presence, continuing the steady growth it has achieved over recent years.
“This collaboration will allow us to access new markets and work on increasingly complex projects. We will continue to rely on innovation and quality, essential elements that have defined Roweb throughout its history,” said Viorel Costea, CEO of Roweb.
Sirma’s Expertise in Banking and AI
Sirma is known for its extensive expertise in AI, as well as its innovations in the banking sector. The company develops advanced solutions for the digitalization of banks, including conversational chatbots and AI platforms that enhance personalization processes, operational efficiency, and customer experience.
“We are excited to welcome Roweb into the Sirma Group family. Their deep expertise in areas such as financial services, real estate, recruitment, and HR aligns perfectly with our strategic goals. By combining our strengths, we can offer clients even more comprehensive software development solutions,” said Tsvetan Alexiev, CEO of Sirma Group.
About Roweb
Founded in 2004, Roweb Development is a Romanian software company with a significant presence in industries such as recruitment, real estate, tourism, finance, and e-commerce.
Roweb provides customized software solutions for a wide range of clients, from startups to large companies, with a team of approximately 140 people and offices in Pitesti, Craiova, and Bucharest.
The partnership with Sirma will allow the company to access larger international projects and expand its service offerings by integrating the advanced technologies brought by its Bulgarian partner.
About Sirma
Founded in 1992, Sirma Group is one of the largest IT companies in Bulgaria, listed on the Bulgarian Stock Exchange. With a team of over 600 people and more than 900 completed projects in 185 countries, the company is a pioneer in technologies such as AI and automation solutions, with a vast portfolio in industries such as insurance, finance, healthcare, e-commerce, and transportation.
