Mastek accelerates its expansion in Europe and open a nearshore center in Romania

Mastek, a global digital engineering & cloud transformation specialist, has announced the opening of its new office in București, Romania under the name of Evolutionary Systems B.V. Amsterdam - Sucursala București.

Mastek's move to this new location will support the organization's efforts to ensure success for its clients, employees, and society as a whole. With more than 30 universities and IT talent pool in excess of 0.17 million, the Romania center will play a significant role in expanding Mastek's strategic growth plans in Continental Europe markets.. The new office location will also serve as a hub for our Oracle business' nearshore and offshore developments in the EMEA regions.

"Our Romania center will serve as nearshore capacity for Oracle Cloud and Digital Services to support the demand in Europe and UK markets. This is a foundational step towards opening more nearshore delivery centers globally closer to the market where we serve our clients." - Arun Agarwal, Global CFO - Mastek.

Mastek's new office located at the Impact Hub Equilibrium Building, Floor 1&2, Strada Gara Herăstrău Nr. 2, București 020334, Romania, is all set to offer complete new-age technological support and cloud expertise to European clients citing growth in the digital domain. Romanian universities are also known for collaborating with various IT industries. Mastek further has plans to recruit skilled talent into their new office including cloud experts, business analysts, & digital consultants.

Shares of Mastek Limited was last trading in BSE at Rs. 3218.50 as compared to the previous close of Rs. 3181.25. The total number of shares traded during the day was 5762 in over 976 trades.

The stock hit an intraday high of Rs. 3287.70 and intraday low of 3190.70. The net turnover during the day was Rs. 18551268.00.

Source : Equity Bulls

Keywords

Mastek INE759A01021 Expansion Europe Romania NearshoreCenter