# SaaS Analytics

> The real numbers of Romanian SaaS and software product companies, from their official annual filings with the Ministry of Finance: turnover, net result, average headcount, deferred revenue, cash and equity for every year 2008–2025, with growth, margins and a "subscription fingerprint" (deferred revenue / turnover). 79 companies, Romanian legal entities only, matched to their brands by hand. Published by Cubus Arts (Brașov/Sibiu), the makers of factureaza.ro and apifirme.dev; data retrieved through the apifirme API.

Every page has a Markdown twin at the same URL plus `.md` (or `Accept: text/markdown`) and most have JSON under /api/v1/. Figures are in lei (RON); EUR at the BNR annual average of each year. Rankings cover companies whose FY 2025 statement is published.

## Overview

- [Home](https://saas-analytics.com/index.md): headline totals and the top tables
- [Methodology](https://saas-analytics.com/methodology.md): what each field is, the fingerprint, euro conversion, limits, licences
- [API & data](https://saas-analytics.com/api.md): static JSON endpoints and the live apifirme API
- [All companies](https://saas-analytics.com/companies.md): A–Z with latest figures

## Rankings

- [Largest by turnover](https://saas-analytics.com/rankings/turnover.md): Net turnover filed for FY 2025, converted at the BNR average rate.
- [Fastest growing](https://saas-analytics.com/rankings/growth.md): Compound annual growth of turnover over the three years to FY 2025; at least 500 k RON of turnover at the start.
- [Fattest margins](https://saas-analytics.com/rankings/margin.md): Net result as a share of turnover, FY 2025; companies above 1.0 M RON turnover.
- [Most turnover per head](https://saas-analytics.com/rankings/turnover-per-head.md): Turnover divided by the average number of employees, FY 2025; at least 10 employees.
- [Strongest subscription fingerprint](https://saas-analytics.com/rankings/subscription-fingerprint.md): Deferred revenue as a share of turnover, FY 2025; companies above 1.0 M RON turnover. Why this matters.
- [Largest employers](https://saas-analytics.com/rankings/employees.md): Average number of employees declared for FY 2025.
- [Most cash on hand](https://saas-analytics.com/rankings/cash.md): Cash and bank balances at the end of FY 2025.

## Categories

- [Invoicing & accounting](https://saas-analytics.com/categories/invoicing-accounting.md): 7 companys, €41.2 M combined turnover 2025
- [ERP & business software](https://saas-analytics.com/categories/erp-business.md): 7 companys, €75.5 M combined turnover 2025
- [HR, payroll & workplace](https://saas-analytics.com/categories/hr-work.md): 7 companys, €16.7 M combined turnover 2025
- [Security & trust services](https://saas-analytics.com/categories/security-trust.md): 8 companys, €412 M combined turnover 2025
- [AI & automation platforms](https://saas-analytics.com/categories/ai-automation.md): 6 companys, €709 M combined turnover 2025
- [Fintech & payments](https://saas-analytics.com/categories/fintech-payments.md): 6 companys, €28.6 M combined turnover 2025
- [E-commerce platforms](https://saas-analytics.com/categories/ecommerce.md): 5 companys, €24.5 M combined turnover 2025
- [Logistics software](https://saas-analytics.com/categories/logistics.md): 3 companys, €7.7 M combined turnover 2025
- [Marketing & sales](https://saas-analytics.com/categories/marketing-sales.md): 5 companys, €15.8 M combined turnover 2025
- [Developer & web tools](https://saas-analytics.com/categories/dev-web.md): 7 companys, €6.4 M combined turnover 2025
- [Education](https://saas-analytics.com/categories/edtech.md): 4 companys, €14.9 M combined turnover 2025
- [Health & care](https://saas-analytics.com/categories/healthtech.md): 4 companys, €7.8 M combined turnover 2025
- [Business data & compliance](https://saas-analytics.com/categories/business-data.md): 6 companys, €17.0 M combined turnover 2025
- [Hospitality & retail POS](https://saas-analytics.com/categories/hospitality-pos.md): 2 companys, €3.0 M combined turnover 2025
- [Industry software](https://saas-analytics.com/categories/vertical.md): 2 companys, €41.4 M combined turnover 2025

## Companies

- [2Performant](https://saas-analytics.com/companies/2performant.md): 2Performant Network S.A., Bucharest; FY 2025 turnover 48.0 M RON, net margin −2.9%, 35 staff
- [4PSA (Hubgets)](https://saas-analytics.com/companies/4psa-hubgets.md): 4PSA Cloud SRL, Bucharest; FY 2025 turnover 4.6 M RON, net margin 5.3%, 10 staff
- [Adservio](https://saas-analytics.com/companies/adservio.md): Adservio Social Inovation SRL, Iași; FY 2025 turnover 18.2 M RON, net margin 19.4%, 28 staff
- [AROBS Transilvania Software](https://saas-analytics.com/companies/arobs-transilvania-software.md): Arobs Transilvania Software S.A., Cluj-Napoca; FY 2025 turnover 182 M RON, net margin 11.5%, 473 staff
- [Ascendia](https://saas-analytics.com/companies/ascendia.md): Ascendia S.A., Bucharest; FY 2025 turnover 44.6 M RON, net margin 52.7%, 40 staff
- [Avangate (2Checkout / Verifone)](https://saas-analytics.com/companies/avangate-2checkout-verifone.md): Avangate SRL, Bucharest; FY 2025 turnover 76.5 M RON, net margin 13.1%, 237 staff
- [Bitdefender](https://saas-analytics.com/companies/bitdefender.md): Bitdefender SRL, Bucharest; FY 2025 turnover 1.82 bn RON, net margin 12.0%, 1,665 staff
- [BITSoftware (Socrate)](https://saas-analytics.com/companies/bitsoftware-socrate.md): Bit Software S.R.L., Brașov; FY 2024 turnover 22.6 M RON, net margin −1.0%, 81 staff
- [Blugento](https://saas-analytics.com/companies/blugento.md): Blugento S.A., Cluj-Napoca; FY 2025 turnover 3.0 M RON, net margin 2.9%, 4 staff
- [Brio](https://saas-analytics.com/companies/brio.md): Brio Teste Educationale S.A., Bucharest; FY 2025 turnover 6.4 M RON, net margin 20.8%, 10 staff
- [Bunnyshell](https://saas-analytics.com/companies/bunnyshell.md): Bunnyshell S.R.L., Târgoviște; FY 2025 turnover 1.5 M RON, net margin −6.2%, 3 staff
- [certSIGN](https://saas-analytics.com/companies/certsign.md): Certsign SA, Bucharest; FY 2025 turnover 117 M RON, net margin 13.3%, 289 staff
- [Colorful.hr (SD Worx)](https://saas-analytics.com/companies/colorful-hr.md): SD Worx Romania S.R.L., Bucharest; FY 2025 turnover 36.1 M RON, net margin 3.2%, 130 staff
- [ContentSpeed](https://saas-analytics.com/companies/contentspeed.md): Contentspeed SRL, Bucharest; FY 2025 turnover 5.9 M RON, net margin −18.2%, 20 staff
- [CoSoSys (Endpoint Protector)](https://saas-analytics.com/companies/cososys-endpoint-protector.md): Cososys SRL, Cluj-Napoca; FY 2025 turnover 59.1 M RON, net margin 2.1%, 94 staff
- [Cozmoslabs](https://saas-analytics.com/companies/cozmoslabs.md): Cozmoslabs SRL, Timișoara; FY 2025 turnover 2.3 M RON, net margin 65.9%, 2 staff
- [Creative Tim](https://saas-analytics.com/companies/creative-tim.md): Creative Code SRL, Bucharest; FY 2025 turnover 1.2 M RON, net margin 12.9%, 1 staff
- [Cyscale](https://saas-analytics.com/companies/cyscale.md): Cyscale Systems S.R.L., Florești; FY 2025 turnover 16 k RON, net margin −7443.6%, 1 staff
- [Deepstash](https://saas-analytics.com/companies/deepstash.md): Deepstash S.R.L., Bucharest; FY 2025 turnover 7.8 M RON, net margin −105.5%, 6 staff
- [DigiSign](https://saas-analytics.com/companies/digisign.md): Digisign SA, Bucharest; FY 2025 turnover 33.6 M RON, net margin 40.4%, 56 staff
- [Digitail](https://saas-analytics.com/companies/digitail.md): Digitail Innovation S.R.L., Iași; FY 2025 turnover 12.2 M RON, net margin 56.0%, 10 staff
- [Docbook](https://saas-analytics.com/companies/docbook.md): Docbook SRL, Bucharest; FY 2025 turnover 1.8 M RON, net margin −1.4%, 6 staff
- [DocProcess](https://saas-analytics.com/companies/docprocess.md): Docprocess S.A., Bucharest; FY 2025 turnover 17.5 M RON, net margin −65.9%, 30 staff
- [DRUID](https://saas-analytics.com/companies/druid.md): Druid S.A., Ploiești; FY 2025 turnover 49.3 M RON, net margin −81.1%, 122 staff
- [Ebriza](https://saas-analytics.com/companies/ebriza.md): Ebriza Software SRL, Cluj-Napoca; FY 2025 turnover 2.7 M RON, net margin −29.4%, 6 staff
- [Entersoftone (ex SoftOne)](https://saas-analytics.com/companies/entersoftone.md): Entersoftone S.R.L., Bucharest; FY 2025 turnover 11.0 M RON, net margin −25.2%, 101 staff
- [EuPlătesc](https://saas-analytics.com/companies/euplatesc.md): Europayment Services SRL, Bucharest; FY 2025 turnover 43.2 M RON, net margin 35.1%, 30 staff
- [factureaza.ro & apifirme.dev](https://saas-analytics.com/companies/factureaza-ro-apifirme-dev.md): Cubus Arts SRL, Sibiu; FY 2025 turnover 1.7 M RON, net margin 22.7%, 5 staff
- [Facturis](https://saas-analytics.com/companies/facturis.md): Facturis Online SRL, Bucharest; FY 2025 turnover 243 k RON, net margin 35.4%, 1 staff
- [FGO](https://saas-analytics.com/companies/fgo.md): I-Tom Solutions SRL, Bucharest; FY 2025 turnover 13.7 M RON, net margin 28.9%, 22 staff
- [Finqware](https://saas-analytics.com/companies/finqware.md): Finqware S.R.L., Cluj-Napoca; FY 2025 turnover 5.9 M RON, net margin 16.6%, 14 staff
- [FintechOS](https://saas-analytics.com/companies/fintechos.md): Fintech Os SRL, Bucharest; FY 2025 turnover 89.5 M RON, net margin −19.8%, 148 staff
- [FlowX.AI](https://saas-analytics.com/companies/flowx-ai.md): Flowx.Ai R&D S.R.L., Bucharest; FY 2025 turnover 18.2 M RON, net margin −146.6%, 76 staff
- [Freya](https://saas-analytics.com/companies/freya.md): Freyapos S.R.L., Bucharest; FY 2025 turnover 12.6 M RON, net margin 4.0%, 27 staff
- [Frisbo](https://saas-analytics.com/companies/frisbo.md): Frisbo Efulfillment S.A., Vulcan; FY 2025 turnover 20.6 M RON, net margin −23.4%, 13 staff
- [Froala](https://saas-analytics.com/companies/froala.md): Froala Labs S.A., Bucharest; FY 2025 turnover 11.3 M RON, net margin 34.5%, 0 staff
- [Gomag](https://saas-analytics.com/companies/gomag.md): Silkweb S.A., Baia Mare; FY 2025 turnover 25.3 M RON, net margin 16.6%, 45 staff
- [Heimdal Security](https://saas-analytics.com/companies/heimdal-security.md): Heimdal Security SRL, Bucharest; FY 2025 turnover 30.0 M RON, net margin 6.0%, 81 staff
- [Innoship](https://saas-analytics.com/companies/innoship.md): Innoship Technology S.A., Râmnicu Vâlcea; FY 2025 turnover 14.3 M RON, net margin 19.1%, 17 staff
- [Keez](https://saas-analytics.com/companies/keez.md): Digital Keez S.R.L., Bucharest; FY 2025 turnover 30.2 M RON, net margin 25.3%, 24 staff
- [KeysFin](https://saas-analytics.com/companies/keysfin.md): Keysfin SRL, Bucharest; FY 2025 turnover 18.9 M RON, net margin 11.5%, 18 staff
- [Kinderpedia](https://saas-analytics.com/companies/kinderpedia.md): Kinderpedia S.R.L., Buzău; FY 2025 turnover 6.1 M RON, net margin 0.3%, 15 staff
- [Life Is Hard (24broker)](https://saas-analytics.com/companies/life-is-hard-24broker.md): Life Is Hard S.A., Florești; FY 2025 turnover 26.9 M RON, net margin −76.8%, 87 staff
- [ListaFirme](https://saas-analytics.com/companies/listafirme.md): Borg Design SRL, Bucharest; FY 2025 turnover 6.2 M RON, net margin 11.0%, 26 staff
- [Medicai](https://saas-analytics.com/companies/medicai.md): Medicai Eu S.R.L., Bucharest; FY 2025 turnover 2.5 M RON, net margin −56.8%, 1 staff
- [MerchantPro](https://saas-analytics.com/companies/merchantpro.md): Shopmania Net SRL, Ploiești; FY 2025 turnover 12.7 M RON, net margin 12.3%, 39 staff
- [Mingle](https://saas-analytics.com/companies/mingle.md): Mingle Web S.R.L., Bacău; FY 2025 turnover 1.4 M RON, net margin 78.1%, 1 staff
- [Netopia Payments](https://saas-analytics.com/companies/netopia-payments.md): Netopia Financial Services S.A., Bucharest; FY 2025 turnover 76.0 M RON, net margin 16.4%, 44 staff
- [Newsman](https://saas-analytics.com/companies/newsman.md): Dazoot Software SRL, Bucharest; FY 2025 turnover 7.2 M RON, net margin 8.0%, 8 staff
- [Nexus ERP](https://saas-analytics.com/companies/nexus-erp.md): Nexus Media SRL, Iași; FY 2025 turnover 11.6 M RON, net margin 33.4%, 32 staff
- [Oblio](https://saas-analytics.com/companies/oblio.md): Oblio Software SRL, Constanța; FY 2025 turnover 10.5 M RON, net margin 41.5%, 17 staff
- [Omniconvert](https://saas-analytics.com/companies/omniconvert.md): Omniconvert SRL, Bucharest; FY 2025 turnover 15.1 M RON, net margin 0.1%, 23 staff
- [Oveit](https://saas-analytics.com/companies/oveit.md): Online Venues & Events S.R.L., Râșnov; FY 2025 turnover 347 k RON, net margin −198.7%, 3 staff
- [Pago](https://saas-analytics.com/companies/pago.md): Timesafe SRL, Voluntari; FY 2025 turnover 15.3 M RON, net margin −6.5%, 11 staff
- [Pixelgrade](https://saas-analytics.com/companies/pixelgrade.md): Pixel Grade Media SRL, Iași; FY 2025 turnover 142 k RON, net margin −13.7%, 1 staff
- [Pluria](https://saas-analytics.com/companies/pluria.md): Pluria International S.R.L., Roșiori de Vede; FY 2025 turnover 3.0 M RON, net margin −40.6%, 3 staff
- [Postis](https://saas-analytics.com/companies/postis.md): Postis Express S.A., Bucharest; FY 2025 turnover 3.8 M RON, net margin −11.4%, 9 staff
- [Retargeting.biz](https://saas-analytics.com/companies/retargeting-biz.md): Retargeting Biz SRL, Bucharest; FY 2025 turnover 6.7 M RON, net margin 19.8%, 6 staff
- [RisCo](https://saas-analytics.com/companies/risco.md): Risco Servicii Financiare SRL, Bucharest; FY 2025 turnover 6.1 M RON, net margin 12.8%, 25 staff
- [Saga Software](https://saas-analytics.com/companies/saga-software.md): Saga Software SRL, Bucharest; FY 2025 turnover 61.5 M RON, net margin 62.1%, 26 staff
- [SanoPass](https://saas-analytics.com/companies/sanopass.md): Sanopass S.R.L., Târgoviște; FY 2025 turnover 23.0 M RON, net margin −21.7%, 11 staff
- [Senior Software](https://saas-analytics.com/companies/senior-software.md): Senior Software Agency SRL, Bucharest; FY 2025 turnover 69.4 M RON, net margin 10.1%, 198 staff
- [Sessions](https://saas-analytics.com/companies/sessions.md): Sessions Technologies Romania S.R.L., Bucharest; FY 2024 turnover 4.1 M RON, net margin −69.5%, 20 staff
- [SmartBill](https://saas-analytics.com/companies/smartbill.md): Intelligent IT SRL, Sibiu; FY 2025 turnover 89.6 M RON, net margin 50.1%, 69 staff
- [SmartDreamers](https://saas-analytics.com/companies/smartdreamers.md): Smartdreamers Societate pe Acțiuni, Târgu Mureș; FY 2025 turnover 17.3 M RON, net margin 7.3%, 17 staff
- [Termene.ro](https://saas-analytics.com/companies/termene-ro.md): Termene Just SRL, Ploiești; FY 2025 turnover 22.9 M RON, net margin 9.8%, 60 staff
- [ThemeIsle / Optimole](https://saas-analytics.com/companies/themeisle-optimole.md): Vertigo Studio S.A., Bucharest; FY 2025 turnover 11.3 M RON, net margin 20.8%, 8 staff
- [TotalSoft (Charisma)](https://saas-analytics.com/companies/totalsoft-charisma.md): Total Soft S.A., Voluntari; FY 2025 turnover 220 M RON, net margin 9.1%, 527 staff
- [Trans Sped](https://saas-analytics.com/companies/trans-sped.md): Trans Sped S.A., Bucharest; FY 2025 turnover 19.2 M RON, net margin 18.3%, 39 staff
- [Transart](https://saas-analytics.com/companies/transart.md): Transart SRL, Cluj-Napoca; FY 2025 turnover 36.1 M RON, net margin 8.8%, 101 staff
- [Twispay](https://saas-analytics.com/companies/twispay.md): Capital Financial Services SA, Bucharest; FY 2025 turnover 3.6 M RON, net margin −640.6%, 31 staff
- [TypingDNA](https://saas-analytics.com/companies/typingdna.md): Typingdna SRL, Oradea; FY 2025 turnover 2.4 M RON, net margin 0.4%, 4 staff
- [UCMS](https://saas-analytics.com/companies/ucms.md): Ucms Group România S.R.L., Cluj-Napoca; FY 2025 turnover 17.9 M RON, net margin −2.2%, 45 staff
- [UiPath](https://saas-analytics.com/companies/uipath.md): Uipath SRL, Bucharest; FY 2025 turnover 3.41 bn RON, net margin −4.1%, 1,200 staff
- [Vatis Tech](https://saas-analytics.com/companies/vatis-tech.md): Vatis Tech S.R.L., Vădăstrița; FY 2025 turnover 1.0 M RON, net margin −74.3%, 1 staff
- [Veridion (ex Soleadify)](https://saas-analytics.com/companies/veridion-ex-soleadify.md): Dataworks Research S.R.L., Ploiești; FY 2025 turnover 13.9 M RON, net margin −110.5%, 42 staff
- [WinMentor](https://saas-analytics.com/companies/winmentor.md): TH Junior SRL, Iași; FY 2025 turnover 31.9 M RON, net margin 22.4%, 47 staff
- [Yarooms](https://saas-analytics.com/companies/yarooms.md): Yarooms International S.A., Cluj-Napoca; FY 2025 turnover 8.6 M RON, net margin 20.9%, 8 staff
- [Zelist](https://saas-analytics.com/companies/zelist.md): TreeWorks SRL, Bucharest; FY 2025 turnover 2.7 M RON, net margin −10.6%, 14 staff

## Optional

- [JSON of all companies](https://saas-analytics.com/api/v1/companies.json)
- [Sitemap](https://saas-analytics.com/sitemap.xml)