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TotalSoft extends its international presence by opening an office in Bulgaria

Bucharest, April 12, 2010

TotalSoft, the business software regional developer, part of Global Finance group, announces opening a representative office in Bulgaria, starting with April 2010. Opening the office located in Sofia is part of the international expansion strategy TotalSoft has already announced last year and it will be followed soon by a similar action in Greece.

With a initial team of 5 employees, until the end of the year the new TotalSoft representative office will focus on selling and implementing Charisma Enterprise integrated information system, especially in the field of financial services, retail and distribution. Complementary, TotalSoft Bulgaria will also address the market with products such as Charisma Analyzer (business intelligence), Charisma Collection (automating the processes of debt collection from the customers), Charisma Medical Software (solutions dedicated to hospitals, clinics and drugstores).

The team in Bulgaria will be assigned with commercial and implementation tasks. Initially, the implementation, consultancy and technical support services will be provided by the HeadQuarter in Bucharest, through a team with expertise in implementations on this market. After increasing the number of projects, TotalSoft Bulgaria will entirely undertake these tasks.  The operations will be supported by localizing the solutions, technical support and Website into Bulgarian, doubled by a series of events dedicated to the target business fields.

The investment is estimated to reach, until the end of this year, about EUR 300 000, and this investment is expected to be returned by the new contracts concluded until the end of 2010.

“In a few years we want that the turnover coming from the projects performed on the external markets to reach from 30%, as the current one is, to at least 50%. Our strategy is focused on opening offices in the countries where we already have solid references and where knowing the business environment is an advantage in winning new projects”, said Liviu Dragan, General Manager, TotalSoft.

TotalSoft has a series of important references for Charisma Enterprise product on the Bulgarian market. The companies optimizing their business with this software include Raiffeisen Leasing, Scania Leasing, Balkan Star, NLB Leasing, Kronos or Deutsche Leasing.
On medium term, TotalSoft intends to open representative offices in other 6 European countries.

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