Participation in a Romanian software company

After many years of cooperation, Hectronic has invested 24% in the software development and IT consulting company Hypermedia, based in Cluj-Napoca, Romania. The university city has one of the most prestigious faculties of mathematics and computer science and is considered as a centre of development, software and IT at a national and European level. The companies which are based there benefit from top trained professionals, which we also attach great importance to.

Therefore, we do not see the purchase of the shares as an investment, but rather as an investment in the future. Hypermedia is responsible for our web and mobile based software solutions, such as for our intelligent parking management software CityLine, which is already used by over 10,000 parking ticket machines. As such, this is a real success story with a lot of potential that has to be exploited.

“Hypermedia combines innovation, in-depth expertise and high-end technology. The many young developers and product specialists are doing a great job. We appreciate the professional and effective teamwork. Ideas are discussed openly and their meaningfulness is assessed.” – Paul Fratila, Product Manager in the field of parking

We look forward to continuing our good, cooperative partnership with the Hypermedia team!