Critical Software’s growth has been continuous and sustained over the years. The international market plays an increasingly important role in our strategy.
Critical Software’s aspiration is to continue focusing on internationalisation as well as continuing to move forward step by step on the path to a promising future. Critical is dedicated to the reliability and excellence that have become its trademarks, to maintaining the ambition to face ever-increasing demands and to meeting any challenge it sets its mind to.
The global economy is going through an unfavourable period and multiple challenges must be faced every day. Critical Software will continue to follow its strategy of investing in dual-use technology, while being a provider of high value-added IT consulting services and best-of-breed engineering solutions. Within Critical Software, we are proud to challenge ourselves. We know that talent and passion, combined with a corporate culture of excellence, make Critical Software a dynamic company that continues to prosper in challenging economic conditions.
Critical Software wants and needs to be where its customers are. Therefore, new markets are always on its horizon as a way to continue efforts towards internationalisation. In recent years, Critical Software has invested in increasing its presence in the southern hemisphere, particularly in Portuguese-speaking countries such as Brazil, Mozambique and Angola. Critical Software will continue to be close to target geographical markets, to set up operations and better address the needs of new and existing business in those markets.
With this in mind, Critical Software’s international strategy currently focuses strongly on Asia; as a result, the company opened a subsidiary in Singapore in the beginning of 2012, a decision that has been designed to address the growing volume of business that has been captured in that region.
MESSAGE FROM THE CEO
It has been a great honour to serve as Chief Executive Officer since January 2012 and to lead such a talented team. I would like to thank Gonçalo Quadros for making my transition to CEO so smooth and for all the support and guidance he has been able to provide in his new role as chairman. read more
2012 gave us the opportunity to see how well we were prepared to overcome unfavourable circumstances and maintain our focus. Critical Software has grown to a total revenue of 22M€ and an EBITDA of 10%, with almost 80% of our turnover coming from international markets.
Importantly, we have achieved this goal while continuing to invest in the strategic pillars of our company:
- Investment of over 2M€ in Research and Development, resulting in the setup of new ventures such as Verticalla – a joint venture with the Swiss company, Sauter Controls, focussing on energy efficiency in buildings;
- Spin off of RightsWatch, an information security solution;
- Launch of new products, such as Oversee, a maritime operations support information system; EnergyDeal, an energy trade and risk management system and csEMS, a monitoring and operations solution for renewable energy production;
- Renewal of the CMMI Level 5 quality certification, keeping the company on the edge of quality in IT;
- Investment in the consolidation of our international operations in the USA, UK, Mozambique, Angola and Brazil;
- Extending the company’s presence in Asia, with a new subsidiary based in Singapore.
At Critical Software, we create and deploy the most innovative software solutions, services and technologies for mission and business critical processes. Our success lies in bringing quality and innovation to our clients’ IT systems in a timely and cost-effective manner, offering them a competitive advantage.
Working in a wide range of market sectors and a diverse portfolio of both national and international clients, we ensure that our clients’ critical systems and processes use solutions whose reliability is unquestionable. The results are products developed on-time, on-budget and on-quality.
Our international background breaks down entry barriers, allows us to enter global markets, adapt rapidly to the most demanding environments and ensure a better understanding of business needs, consolidating our presence through a strong focus on clients.
As part of our company culture and values, we will continue to engage with our employees and our communities, providing support when and where our skills can be useful.
For 2013 we will keep our focus on high value sectors, consolidating our presence in existing subsidiaries and making the best possible use of our core competencies.