Technology company Cegeka Romania reported a turnover of over €62 million in 2024, representing a growth of nearly 4% compared to the previous year. This growth occurred despite a difficult and uncertain economic environment, as well as the removal of tax incentives in the IT sector, which created numerous challenges for companies in this industry.
“2024 was a challenging year for the IT industry, and this was felt across the board—from the market and budgets to decision-making. It was a year of repositioning and maturity, where all IT companies had to adapt. At Cegeka Romania, we went through a process of repositioning and transformation. We recalibrated our development strategies and placed a stronger focus on predictability and consulting in our client interactions. Despite the pressures, we managed to grow and gained 7 new clients from various industries such as banking, real estate, telecom, and tobacco,” said Ovidiu Pinghioiu, Managing Director of Cegeka Romania.
Cegeka Romania continued to adapt its services to respond to market challenges. One such initiative is the Discovery Phase, a product launched to bring more clarity and predictability to projects.
“Beyond the challenges of the year, I’m glad we were able to build, together with our teams, solutions that brought more value to our clients. We focused on the consulting area, aiming to become a trusted decision-making partner, not just a service provider. We also created and launched our own product, Discovery Phase, which provides clarity and predictability for complex projects. Additionally, we took a significant step in diversifying our services. While our main focus used to be on the traditional staff augmentation model, we now also deliver team-as-a-service projects, end-to-end development, and consultancy. This evolution reflects the trust our clients place in our ability to take ownership and deliver impactful solutions,” Pinghioiu added.
Revenues of 1.3 billion at group level
At group level, Cegeka recorded €1.3 billion in revenue in 2024, marking a 31.5% increase compared to the previous year.
“With the successful integration of the American company CTG, we can proudly say that Cegeka has become a global IT player in 2024,” says André Knaepen, founder and Chairman of the Board of Directors at Cegeka. “In Europe, CTG has been fully incorporated under the Cegeka brand. In the United States, however, we’ve chosen to retain the strong CTG name to continue supporting our clients’ digital transformation efforts in the best possible way,” Knaepen adds.
Investments in Cybersecurity and Artificial Intelligence
The Cegeka Group will continue investing in two key areas over the coming years: cybersecurity and artificial intelligence, both crucial for the company’s growth and ongoing innovation.
“In recent years, we have invested heavily in cyber resilience and AI, with great results, as we are among the top in Belgium, as recently shown by the Whitelane survey. We will continue these investments. Cybersecurity and AI are forces that seemingly oppose each other – one can be a brake, the other an accelerator – but to be resilient in this unpredictable climate, you need to balance them. We can do that. Additionally, we see that what we excel at continues to bear fruit: unraveling complexity and deploying the right technology at the right time,” said Stijn Bijnens, CEO of Cegeka.
Locally, Cegeka Romania will continue to focus in 2025 on the Discovery Phase, which has received positive feedback from clients. At the same time, the company will also emphasize the Data & AI segment, responding to increasing demand from businesses seeking to turn data into actionable insights.
“We are seeing growing interest from both clients and potential clients in projects involving data, AI, and automation. This is an area we aim to concentrate on this year to further support the digital transformation of our partners,” added Ovidiu Pinghioiu, Managing Director of Cegeka Romania.
