AROBS announces the intention to list at Bucharest Stock Exchange on the AeRO market

AROBS Transilvania Software announces the intention to list at Bucharest Stock Exchange (BVB) on the AeRO market. The company aims to have its shares, which will be available under the AROBS trading symbol, listed on the BSE by the end of the year. Before listing on the stock exchange, AROBS Grup will make a private placement for shares to attract approximately 75 million RON by increasing the company’s share capital by 13.62%. The placement for the new AROBS ordinary shares will take place this month and will be brokered by the brokerage house BRK Financial Group S.A.

“We managed to combine, under a single umbrella, the part of software development services, with the area of creating software solutions. We started, in 2002, this process of developing solutions where we own the intellectual property. The development of software solutions and products is rooted in our DNA. We are resilient and adapt to the technologies and needs of the market, focused on global development, built by a diverse team, in seven locations in the country and seven abroad. We have a start-up mentality, combined with corporate experience. We are European by nature, international in culture, and our activity is constantly expanding. Listing on the stock exchange and conducting corporate operations through the capital market and with the support of investors is a new vehicle for business growth for the coming years,” said Voicu Oprean, founder and CEO of AROBS.

AROBS Transilvania Software, founded in 1998 by Voicu Oprean, specializes in providing customized software solutions based on the latest technologies. It also has several software solutions that are already used on the Romanian market, Central and Southeast Europe. The development of customized solutions for our clients is achieved through the use of the state-of-the-art web, mobile, embedded and cloud technologies. All these services are used by global companies in various industries such as automotive, travel & hospitality, IoT, pharmaceutical industry, banking institutions, big enterprises in many fields of activity. AROBS ‘client portfolio includes over 8,000 companies from 14 countries in Europe, America, and Asia, both in the product and service areas.

Since 2003, the company has been developing its software products and solutions such as TrackGPS, fleet management and monitoring solution, Optimall, a suite of automation of HoReCa, Retail and distribution companies, RateWizz – an application dedicated to the hotel industry, as well as a solution for digitizing textbooks. A few months ago, AROBS launched MonePOS, a contactless and paperless mobile POS payment solution.

As a result of the acquisitions made by AROBS in the last three years, the company also owns the following software products: SASFleet – known as alarma.ro – fleet management solution (complementary TrackGPS solution), TrueHR and dpPayroll – solutions for managing human resources and payroll processes, and SoftManager – a CRM solution that works as an extension of an ERP. Through the acquisition of CoSo BeNeLux in 2018, AROBS opened a new business line in the RPA (Robotic Process Automation) subsector in the area of logistics and TMS.

The capital obtained from the private placement will be used to acquire other companies in the IT industry – software services, fleet management solutions, as well as business optimization – both nationally and internationally, through which the company will be able to accelerate growth and will strengthen its position in the markets in which it is present. At the same time, AROBS is considering expanding geographically, by strengthening its subsidiaries in Germany and the United Kingdom, and by opening a subsidiary in North America, as well as by developing new lines of expertise and specializations, the company considers that the growing demand for global software services and solutions are a beneficial market environment for AROBS.

Regarding the shareholding structure of the company, Voicu Oprean holds 72.77% of shares, 10% shares to be used in the Stock Option Plan, which will be implemented within the company, Cabrio Investment SRL holds 10%, and management and key employees hold 7.21% of AROBS shares. The company has a Board of Directors consisting of three members: Voicu Oprean, Chairman, Mihaela Cleja, member and CFO at group level, and Răzvan Gârbacea, an independent member, who has 20 years of experience in the banking field.

In 2020, AROBS Transilvania Software registered, at the individual level, a turnover of 154.5 million RON, EBITDA of 46.6 million RON and a net profit of 40.4 million. For 2021, the company estimates revenues at a consolidated level in the AROBS Group of 192.7 million RON and a consolidated EBITDA of 52.8 million RON.