Zitec acquires Under Development Office, a local company with an international portfolio in the development of mobile & blockchain applicati

By Emea Riga
Zitec, specializing in the development of digital transformation solutions and services, recently took over the team and portfolio of the Under Development Office, a software development agency specializing in mobile applications and one of the most popular blockchain development companies in Europe. The Under Development Office has seen sales of more than 1.5 million euros in the past three years, according to a press release.
For Zitec, the takeover of the Under Development Office aimed at both expanding the client portfolio and growing the team, as the founding members of the company and the team of specialists in mobile application development, design and blockchain joined the Zitec team. The takeover is part of a series of such actions, after, starting with 2016, Zitec assimilated the teams and portfolios of Inotec and Cloud Bit, but also the teams and portfolios of the Bright and Symbolic agencies at the end of 2019.
“Taking over the Under Development Office team will help us accelerate the development of Zitec’s capabilities to develop mobile solutions, but also expand our range of services in the blockchain development area, where Udev has extensive global market expertise and where we anticipate interesting projects. in the next period. We are honored by the decision of the clients from Udev’s portfolio to continue the collaboration with Zitec. In the new formula, they have access to a larger team, with increased expertise, which offers complete services in the digital area, from consulting and software development, to UX and Digital Marketing “, said Alexandru Lăpușan, CEO & Founding Partner of Zitec.
Under Development Office was founded in 2011 by Iulian Oprea, Ștefan Gergely and Dan Cernau. The company has successfully completed over 100 projects that have included the design and development of web and mobile applications for clients such as Carrefour, BRD, Medicover, Transavia, Auchan or Gibraltar Blockchain Exchange. The agency is also famous as one of the first and most popular blockchain development companies in Europe, with projects in various fields such as transport, banking, fintech, digital identity, lifestyle & entertainment.
Zitec recently announced revenue increases for the first half of the year of over 50% over the same period in 2019. With the team as a whole in the remote work mode, Zitec has supported its customers and partners in the digital transformation, helping i to improve its efficiency in the face of increased business flow, or to overcome the negative effects of the pandemic on business. The company recorded large increases especially for the custom software and cloud solutions segments through projects developed with existing customers such as Arctic, Decathlon, Sameday, STMicroelectronics, Credit Europe Bank, Flanco, Chimpex, or new customers entering the company’s portfolio in the first half: Startarium and RGT Cycling.
For 2020, the company estimates an increase in turnover of up to 10 million euros, based on the maturity of partnerships with Google Cloud, Microsoft and Magento Commerce (Adobe), Zitec managing to offer its customers top cloud and e-commerce services and access to the latest solutions.