MILAN - The administration council of TechEdge Group, President Edoardo Narduzzi, specialized in technology solutions for business process management, has approved the consolidated financial statements for the year 2011 that is closed with a new double-digit growth in production value. "The consolidated turnover - said Narduzzi - has reached 38 million euro, with an increase of 30% over the previous year, while EBITDA grew of 57% in absolute value compared to 2011. Despite market difficulties, the Italian company has consolidate also its international presence: its three subsidiaries, operating in Brazil, Germany and in the U.S. have contributed about 20% of revenues for the year." Net income and was amounted to 1 million euro, while the current management has generated all the cash necessary to fund organic growth. At the end of 2011 the employees of the group were 520 professionals. During 2011, were opened two new offices in Pescara and San Paulo in Brazil.
In 2011 the Group continued to expand its technology offerings, in particular, has strengthened its expertise in the Enterprise Performance Management area, predictive Business intelligence, E-commerce and mobile solutions so now he can covers all customers technology needs and consulting services and is more competitive giving a qualitative response to the customers real needs, even the most innovative. In the next years, Techedge will focus in the implementation of its industrial strategy aimed at making the group a premium global player with a turnover of 100 million euro.
Techedge - Premium Global Player