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Musala Soft: Ten record years with average growth of 72 per cent    (BG version)  

Sofia, 15.04.2010

The Shareholders of the 10-year Musala Soft

From left to right: Angel Denchev - Manager Technical Resources, Plamen Tsekov - VP Business Development, Delyan Lilov - CEO, Elena Marinova - President, Stanimir Boychev - VP Technology and Innovation, Stanislav Ovcharov - Chief Operating Officer.

Here you can download the presentation from today’s conference (available only in Bulgarian).

Pictures:

Musala Soft, a leading IT company, registered a record tenth year, announced Delyan Lilov, company's CEO, at the press conference today.

"Currently Musala Soft is working on several parallel long-term projects for multinational companies and clients from Europe to USA, partnering with teams all over the world." stated Mr. Lilov.

The company has 174 employees, and the financial results for year 2009 are: turnover of over 8 mln. BGN (8 015 000) and profit of about 1 mln. BGN (933 000).

The average turnover's growth at an annual base, for the 10 years of existence is 72%, profit's - 80%, and employees' - 40%.

"Our first big anniversary is a time to make a balance. The results give contentment to all our employees and clients. When we exert efforts aiming for the best and we achieve high results, we become aware that the work is being executed in the right way, in the right direction. Musala Soft will continue being confident and focused, result oriented and professional. We want to thank to everybody for the support." - Mr. Lilov added.

All Musala Soft owners have graduated at Sofia University and with one exception are participants in the national teams of Informatics, holding medals from international competitions.

The company has high culture of respect towards the academic society and series of initiatives, supporting the elite education. For years Musala Soft has been providing financial support for different competitions and events in schools and universities, as well as for large-scale projects like the programming contest organized with PC Magazine Bulgaria, the portal of Informatics - Infoman, the IT Leaders Academy, developed together with the Faculty of Mathematics and Informatics at Sofia University. In the last few years the company initiated leading scientific researches in the area of Informatics. Musala Soft is an entity with a vision of tolerance, correctness, respect and liberty - for 10 years has been creating spirit of creativity and confidence in its employees, and has been standing steadily next to its clients and partners.

Some of Musala Soft projects, which started the beginning of 2010 are: portal solutions for the British insurance company Aviva, start-up German investment portal Aktionaersforum AG, software application for distraint management in DSK Bank, portal for process optimization in the human resources management, integrated with SAP for Sofica Group, consultancy services in the area of Tibco integration for Vivacom.

About Musala Soft: Step by Step

  • 2000 - Foundation of Musala Soft as part of a Bulgarian-American consortium for software development. First client from the Silicon Valley in USA. Start of the programming contest together with PC Magazine Bulgaria.


  • 2001 - Restructuring of the company as independent organization after the dot.com crisis. Large-scale projects in the area of online gaming for a US client. Start of Infoman - online portal for Informatics resources.


  • 2002 - First projects for global companies - IBM and DHL. Large investments in production methodology and quality standards. Establishing a system for technological education and personnel certification.


  • 2003 - A modern new office in the World Trade Center - Intepred that meets the requirements for security of company's multinational clients. Becoming the first IBM Premier Business Partner for Software in Bulgaria. ISO 9001 certification. First participation in international exhibits - CeBIT (Hannover) and Systems (Munich).


  • 2004 - Beginning of large projects with Hewlett Packard and IBM. Annual turnover growth of 200%. For the first time Musala Soft gains revenue of more than 1 million. Establishing a services portfolio. Foundation of international internship program.


  • 2005 - The start of several projects for a new multinational customer - SAP, and gaining key customers in Bulgaria - OMV and Mobiltel (largest mobile operator in Bulgaria).


  • 2006 - Doubling of the software developing staff. IT Mark certification. Regional TIBCO Consulting Partner. A Business Intelligence solution for OMV Bulgaria gained "IT Project of the Year" award from Computerworld Bulgaria.


  • 2007 - CMMI Level 2 certification. First project for National Revenue Agency.


  • 2008 - Musala Soft solution won "IT Project of the Year" award again - 2be E-shop. Strengthening of Musala Soft position on the Bulgarian market - expansion of the clients' and projects' list. Long-term projects for The Customs office of the Kingdom of the Netherlands and Edoardo Miroglio. Start of "IT Leaders Academy" together with the Faculty of Mathematics and Informatics, Sofia University.


  • 2009 - Musala Soft is the first Bulgarian company certified at CMMI Level 3. Joint projects with Siemens and Vivacom; establishing Applied Research & Development Center.

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