Sofico revenue more than doubles in five years

Global automotive finance software provider Sofico has announced that its turnover has grown by 125% in the last 5 years to €27.1m.

Sofico revenue more than doubles in five years

Over the same period, the Belgium-based business increased the number of employees from 105 to 190.

The company has also revealed that it has had its Investors in People certification renewed, “confirming the success” of the restructuring process it has been going through over the last two years.

Under the restructuring, the company was set up as eight, customer-centric, autonomous regional units, backed by a series of process-specific support units.

Gémar Hompes, Sofico managing director, said that 2015 had been the company’s most successful year to date.

“We had a hugely successful year in 2015 with record levels of turnover and employees, and saw our revenue increase by 30% in the last 12 months alone. Based on the current number of ongoing implementation projects, we are set for another successful year,” said Hompes.