About IT Services sector in Romania
The IT Services sector in Romania comprises 1.2K companies, including 62 funded companies having collectively raised $105M in venture capital money and private equity. Out of these, 41 are Series A+ funded.
IT Services sector in Romania has seen 33 acquisitions and 8 IPOs.
This sector includes services for design, development, installation, management and maintenance of IT infrastructure and software applications for enterprises.
IT Services sector is also known as IT Engineering Services or Technology Services.
Companies included in IT Services
Companies providing IT outsourcing services for software application development, software testing, big data, networking, security, virtualization, IT operations, data center, cloud, storage, hosting. Also includes companies distributing or reselling IT infrastructure equipmentCompanies excluded in IT Services
Companies providing services related to management/strategy consulting, AR/VR consulting, and Enterprise services such as HR, Marketing, Legal, Telecom, BPO etcTop IT Services Companies in Romania
There are more than 1.2K companies in IT Services in Romania. AROBS is the top IT Services company in Romania, ranked using Tracxn Score (what's this?).
Here are 5 of the top IT Services companies in Romania:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Developer of custom software and provider of IT outsourcing services | Cluj napoca (Romania) | 1998 | Public | - | |
Provider of artificial intelligence development, big data analytics, and other services | Bucharest (Romania) | 2019 | Seed | $7.5M | |
Provider of BPO services | Bucharest (Romania) | 2005 | Unfunded | - | |
Web & software development firm | Targu Mures (Romania) | 2010 | Unfunded | - | |
Provider of software development, consultancy, integration, and digital transformation services | Bucharest (Romania) | 2010 | Acquired | - |
Companies founded year-on-year in the IT Services sector in Romania
113 IT Services startups in Romania were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 3 |
2023 | 12 |
2022 | 32 |
2021 | 51 |
2020 | 110 |
2019 | 113 |
2018 | 84 |
2017 | 87 |
Stage-wise distribution of IT Services sector companies in Romania
Out of the total 1,198 IT Services companies in Romania, 62 have secured funding. Among them, 41 have reached Series A or higher, and 41 to Series B or beyond.
Founded - 1,198
Funded - 62
Series A+ - 41
Series B+ - 41
Series C+ - 41
Company Stage | No. of companies |
|---|---|
Founded | 1,198 |
Funded | 62 |
Series A+ | 41 |
Series B+ | 41 |
Series C+ | 41 |
Funding Trends in the IT Services sector in Romania
Total funding year-on-year in the IT Services sector in Romania
The IT Services sector in Romania saw a total funding of more than $91M in the last 10 years. The most amount of funding was in 2021 at more than $31.6M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | - |
2023 | $9.66M |
2022 | $364K |
2021 | $31.6M |
2020 | $11.3M |
2019 | $20.2M |
2018 | $5.78M |
2017 | $4.71M |
Recent Funding Rounds in IT Services in Romania
In the year 2023, till May 2023, IT Services companies in Romania have raised $8.8M in equity funding across 3 rounds.
Here are some recent, important funding rounds in IT Services companies in Romania:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4293 | May 22, 2023 | ||
Seed | 3973 | Feb 21, 2023 | ||
Seed | 1492 | Feb 01, 2023 | and 3 more | |
Seed | 6581 | Sep 27, 2022 | ||
Seed | 2148 | 2022 |
Top Investors in IT Services in Romania
Liberty Global is the top investor in IT Services companies in Romania based on number of companies invested.
Here are some top investors in IT Services companies in Romania:
Investor | Location | Top Portfolio Companies |
|---|---|---|
London (United Kingdom) | - | |
Bucharest (Romania) | ||
Cluj napoca (Romania) | ||
Athens (Greece) | - | |
M&A activity in IT Services sector in Romania
In the year 2024, till June 2024, 3 acquisitions happened in IT Services sector in Romania. Last year, in 2023, a total of 5 acquisitions happened in IT Services sector in Romania.
Here are some recent, important acquisitions in IT Services sector in Romania:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 21, 2024 | ||
Business Acquisition | Feb 27, 2024 | ||
Business Acquisition | Jan 09, 2024 | ||
Business Acquisition | Oct 27, 2023 | ||
Business Acquisition | Jul 25, 2023 |
Acquisition trends in IT Services sector in Romania
Here are the acquisition trends in IT Services sector in Romania:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 3 |
2023 | 5 |
2022 | 12 |
2021 | 6 |
2020 | 3 |
2019 | 1 |
2018 | 2 |
2017 | 1 |
IPOs in IT Services in Romania
In the year 2021, till December 2021, 1 IPO happened in IT Services sector in Romania.
Here are some recent, important IPOs in IT Services sector in Romania:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 06, 2021 | Bucharest Stock Exchange (BVB) |
Top News in IT Services in Romania
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FintechOS teams up with Fort to advance cybersecurity readiness
The Paypers•Apr 14, 2025•FintechOS, Fort Cybersecurity
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FintechOS Extends Longstanding Partnership with Fort for Global Cybersecurity ReadinessFintech Finance•Apr 09, 2025•FintechOS, Fort Cybersecurity
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Inobyte, Fully Owned By Life Is Hard, Achieves Ron 33 Million In Revenue In Q1 2024Business Review•May 23, 2024•Innobyte
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Innobyte strengthens its position in the eCommerce market through a rebranding and repositioning processBusiness Review•Feb 20, 2024•Innobyte
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Cytora and Veridion partner to redefine digital risk processing with AI-powered insightsReinsurance News•Nov 16, 2023•Cytora, Veridion
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certSIGN’s remote qualified electronic signature is natively integrated with Adobe Acrobat SignBusiness Review•Sep 15, 2023•certSIGN, Adobe
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Safetech Innovations records 13.5 million lei turnover and 3.9 million lei net profit in H1 2023Business Review•Aug 22, 2023•Safetech Innovations
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