Bulgarian tech leader Sirma Group sets sights on the top – starting from Frankfurt Stock Exchange 

29 May 2025 —
Sirma Group (Sirma), the largest Bulgarian technology company, has unveiled ambitious growth plans as it builds on a successful 33-year track record. Despite a challenging geopolitical landscape, the company reported an impressive 24% year-over-year revenue growth, surpassing BGN 100 million. 

With over 800 employees and offices in eight countries, Sirma is setting its sights on becoming the leading technology company in Southeast Europe. As part of its strategic roadmap, the company is actively expanding through mergers and acquisitions—most notably with the 2024 acquisition of Romanian tech company Roweb Development

 “We’ve set an ambitious goal to double our revenue within the next three years,” said Tsvetan Alexiev, CEO of Sirma. “With our deep expertise recognized both in Bulgaria and internationally, and our broad portfolio of services, we believe this growth is achievable. Listing on the Frankfurt Stock Exchange in 2026 is the next logical step — it will strengthen our visibility and trust, while also enhancing our market valuation and share price.” 

Since 1992, Sirma has been a pioneer in artificial intelligence technologies. The company’s mission is to develop innovative software solutions that enable organizations to evolve and achieve sustainable growth through the adoption of advanced technologies. 

Sirma continues to make significant strides in key industry verticals, particularly in insurance technology, where it leverages over 20 years of domain expertise. 

At the heart of this vertical is Sirma InSuite—a modern digital insurance platform that supports the entire policy lifecycle, from quoting and underwriting to claims management, payments, and renewals. The platform empowers insurers to streamline operations, elevate the customer experience, and accelerate long-term growth. 

Key features of Sirma InSuite include: 

  • Seamless integration with legacy systems and CRMs 
  • Full support for all major insurance lines 
  • End-to-end process automation and digitalization 
  • Scalability and rapid deployment of new products 
By combining deep insurance know-how with cutting-edge technologies like no-code tools, Sirma empowers insurers to modernize faster and deliver real value to customers and partners alike.  

Learn more at: sirma.com/Insurtech

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