Safetech Innovations appoints a key executive to consolidate the company’s position in the Romanian market

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Safetech Innovations (BVB: SAFE), a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange and a local leader in this field, announces the consolidation of the sales and marketing department by appointing Gabriel Musat as director of strategy and development.

In addition to bringing Gabriel to the company, Safetech Innovations has also promoted Marius Parvu as Head of Information Security Services Department and Sorin Miritescu as Head of Research & Development Department.

Safetech Innovations is in accelerated development, expanding internationally in the UK, USA and UAE, where we have a physical presence, but also in other countries, through partnerships with local companies . In addition to global expansion, we intend to continue to consolidate our position as a local leader in cybersecurity. Thus, we are strengthening the commercial and technical departments by bringing Gabriel in and appointing Marius and Sorin to the new management positions. We are confident that their in-depth experience will help us transform Safetech Innovations into a significant international player in the field of cybersecurity in the near future,said Victor Gansac, Chairman of the Board and CEO of Safetech Innovations.

Gabriel Musat, the new Strategy and Development Manager, has more than 30 years of experience in IT&C in technical services for communication networks, data centers and IT security systems, sales of IT solutions, marketing and management. Gabriel is one of the founders of the IT integrator Datanet Systems, which he managed until this year. At Safetech Innovations, he will be responsible for developing business relationships with new existing and potential Safetech Innovations customers and increasing the company’s market share nationally.

Marius Parvu, who will lead the Information Security Services department, joined Safetech Innovations in 2017 and has over 20 years of experience in information technology and information security, including research and the provision of security services, such as security awareness courses, business vulnerability assessment, social engineering, cryptography, server and mobile device security, and forensic investigations.

Sorin Miritescu, the new head of the Research & Development department, has been part of the Safetech Innovations team since 2019. He has more than 20 years of experience in the IT&C industry. Previously, he held technical and management positions, involved in multiple complex projects in software development, information security, communication networks and IT infrastructure. Sorin’s work is currently focused on the analysis, design and development of complex security architectures, data collection and integration, software engineering, and cybersecurity research and development.

Since the beginning of this year, the activities of Safetech Innovations have increased considerably in the context of increasing demands for cybersecurity services and solutions. During this period, new recurring customers have turned to cybersecurity services to increase the level of protection and identify vulnerabilities and risks, by carrying out compliance assessments, with investments to be made after the development of plans. of action resulting from these activities. More and more enterprise customers are investing in cybersecurity solutions solely on the basis of such a detailed action plan. The company’s management expects that requests in this direction will continue their upward trend, contributing to the increase in turnover and profitability of the company.

In this context, in the first half of 2022, Safetech Innovations recorded total operating income of 15.3 million lei, an increase of 16% compared to the same period last year, and a net profit of 2 .6 million lei, an increase of 104% compared to the first half of 2021. In the first six months of the year, turnover amounted to 10.7 million lei, an appreciation of 15%, mainly due to the resurgence of cybersecurity services contracts.

Safetech Innovations has been listed on the AeRO market since January 29, 2021. The company has a market capitalization of over 159 million lei.

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