January the 5th, 2022 - Ericsson Nikola Tesla has contracted work in the impressive amount of 2.4 million euros, carrying out jobs related to the much talked about digital transformation of multiple Croatian ministries.

As Poslovni Dnevnik/Josipa Ban writes, at the very beginning of this year, Ericsson Nikola Tesla signed new contracts with Croatian state and public institutions worth 2.4 million euros. These contracts, according to the press release of one of the largest Croatian technology companies of all, are aimed at digital transformation.

Throughout the rest of this year, Ericsson Nikola Tesla will work on the digital transformation of the Ministry of Culture and Media, the Ministry of Internal Affairs (MUP) and the ''Dr. Fran Mihaljevic'' Clinic for Infectious Diseases in Zagreb.

For the Ministry of Culture and Media, which is headed by Nina Obuljen Korzinek, Ericsson Nikola Tesla will work on the development of the National Archival Information System, the purpose of which is to improve the management of documentary and archival material within the state administration and within other such public services, and to increase the availability and usability of information for all who require access to it.

On the other hand, as the aforementioned press release states, cooperation in the field of green border protection continues, as part of which new mobile systems for monitoring the green border will be delivered in the summer of 2023. This project will be realised in cooperation with the companies Securitas Hrvatska (Croatia) and Hidraulika promet (traffic).

When it comes to the work Ericsson Nikola Tesla will carry out for the ''Dr. Fran Mihaljevic'' Clinic for Infectious Diseases,  a contract was signed on the maintenance of their integrated hospital information system. The amounts of each individual contract haven't been specified, but with the total sum being as high as it is, it can be safely said that Ericsson Nikola Tesla is starting the year as it hopefully means to go on.

For more, make sure to follow our dedicated business section.

January the 3rd, 2023 - The Croatian company Protostar Labs, a young company from Belisce, recently presented and delivered its high-tech product called the Protostar Vision Box to its client.

As Poslovni Dnevnik/Josipa Ban writes, the aforementioned is a solution that they have been developing for a year now, and which enables visual inspection of products on production lines. Its application, as explained by Filip Novoselnik, the co-founder and director of the Croatian company Protostar Labs, is extremely broad, but they're still primarily focused on industrial production in larger series.

The delivery of the Vision Box is just the beginning of the application of artificial intelligence (AI) and computer vision technology that they've been busy developing, which contributes to the automation of industrial production. It contributes because it enables the quick and early detection of any product defect. In addition, it gives the company that uses it an in depth insight into all sorts of data and statistics via the Protostar cloud platform, which enables the better organisation of the overall production process.

All of these advantages will soon be made available to more companies as the Croatian company Protostar Labs is working on the development of two more versions of the Vision Box. The smaller one, which consists only of a small computer with a camera, will be intended for wider application because it has all the characteristics of a surveillance camera, only this one will be smart. According to Novoselnik, the bigger one will be a more sophisticated version of the existing Vision Box.

Both new versions should be ready and on the market in three to six months, and with their launch, the founder of the Croatian company Protostar Labs expects to increase the company's general level of competitiveness and ensure access to demanding foreign markets.

What is particularly interesting about this young but promising company from Belisce, whose development office is located in Osijek, is that, in addition to solutions intended for the automation of the "terrestrial" industry, they also develop solutions for the one in space, something that hardly any company in Croatia can boast of.

Ultimately, the universe and its puzzles were the reason why the Croatian company Protostar Labs was founded. The idea, as recalled by Novoselnik, was born in the Anonymus Astronomical Society in Valpovo. "Back in 2019, the informal founding assembly of Protostar Labs was held there, and the name of the company was inspired by space and means 'a star in the making'. Our initial idea was to profile ourselves in the long term as a company that develops solutions for the space industry, but at the time it seemed an unlikely feat, so we decided to start with what was more attainable for us, which is the domestic industry, which really lacks high-tech solutions that facilitate, speed up, and ultimately optimise the production process. We started with the development of a system based on a combination of cameras and sensors and AI algorithms, the goal of which is visual inspection of products,'' stated Novoselnik.

Even though it seemed almost impossible just three years ago, the Croatian company Protostar Labs, which is still a small company that started its journey with only two employees, and today already has fifteen of them, is proof that with knowledge, persistence and creativity, anything is possible, even entering the space industry. They managed to do that last year when they passed the competition of the European Space Agency (ESA).

For ESU, as Novoselnik pointed out, they developed a software package that enables the faster and simpler development of solutions, i.e. models of AI and computer vision with the aim of their easier implementation on hardware devices with limited resources.

"Their application, on the one hand, is intended for satellite systems because satellites, which have limited capacity, process huge amounts of data that isn't very easy to send back home to Earth. Our solution should enable data processing to be transferred to a satellite and only data of interest should be sent back to Earth," he explained, adding that a prototype has been developed, but the solution is still in the early stages of development and still needs to be tested. They have already tested it out on drones, and the plan is to do the same on a stratospheric balloon at an altitude of 20 kilometres. ESA will decide whether or not to test it on a satellite, and if that doesn't happen, the system they developed will be used here on Earth.

"Our idea is to develop systems that have a dual application and that high technologies that are designed and made for space can also be applied in industry," Novoselnik pointed out. In addition to all of the above, the Croatian company Protostar Labs is in the running for another project for ESA, in cooperation with the Zagreb-based FER, with which they are developing a module for the characterisation of light pollution on Earth. "We applied for the competition and we're waiting for the results,'' Novoselnik said briefly.

This small but doggedly determinted company from Belisce therefore develops numerous projects, and last year it all began to bring in financial benefits, as their income grew by as much as 730 percent compared to 2020, to an impressive 2.71 million kuna. This is encouraging indeed for such a young company that is still, to a large extent, focused on investing in the technology they're developing, not to mention the fact that they mostly financed this development with their own funds and those from the EU.

Small companies developing here in Croatia unfortunately, according to Novoselnik, are forced to spend too much time trying to deal with formalities and bureaucracy, and this comes to the fore especially with EU projects.

For more, make sure to check out our dedicated business section.

January the 3rd, 2023 - The Valpovo company SpectreXR is showing that Eastern Croatia, more specifically Slavonia, can be known for far more than agriculture and demographic issues. Augmented reality is their game, and they've been making waves.

As Poslovni Dnevnik/Josipa Ban writes, augmented reality (XR), which includes VR, AR and MR technologies, is most often associated with video games, but its application, as revealed by Ivan Rajkovic, the founder and director of the Valpovo company SpectreXR, is far wider. This company which was founded six years ago aims at the industrial application of virtual and augmented reality with its OctoXR tool.

It is a tool that they have been working on developing for a couple of years now and in which they have invested an enormous 350 thousand euros. In 2023, they also hope to monetise this highly sophisticated product, with the help of which the user's hands become a management tool in the digital world, as well as in the real world.

The fact that their hopes have a realistic basis has also been well and truly shown by the fact that the quality of their OctoXR, after its presentation at Expo AWE in Lisbon, was recognised by two large and important technology companies - the Swedish Crunchfish and the American Ultraleap. In short, The Valpovo company SpectreXR, which consists of a team of six people, decided to facilitate and improve hand control in XR, and the functionalities they develop through OctoXR make that entirely possible.

"Our product gives physical properties to hands in the digital world. The hardware is in charge of recognising the hands, through sensors or cameras, and the software we develop enables us to use our hands in the digital world as well as we would in the real world," explained Rajkovic, who added that developing such a tool is a very complex job indeed.

"In addition to a higher level of programming knowledge, you must understand physics, maths, linear algebra and work in digital 3D spaces. Every point of contact between the digital hand and the digital object needs to be properly simulated, the rotations made by the bones relative to the position of the real hand need to be exact, and much more. I'm extremely proud of the team that managed to do it, and with a lot of effort," he added. Moreover, the technology they're developing is heading in the direction the whole industry is going, which believes that realistic control with hands instead of controllers will become key in both virtual and augmented reality.

Rajkovic thinks that joysticks, or controllers, will remain important in the video game industry, but the Valpovo company SpectreXR isn't targeting that sector. Instead, they've got their eyes on industries such as healthcare, automotive, aerospace, space, and manufacturing. In them, XR technologies already play a very important role, and they'll come to play an even bigger role in the future.

As one example, Rajkovic singled out DHL, which uses virtual reality in its employee training. This very well known company uses it, as he explained, to teach employees how to store packages on planes and on other means of transportation, thereby reducing overall costs and increasing productivity. The advantages of virtual training are used not only by logistics companies, but also by the automotive, aerospace, military, healthcare, trade, and manufacturing industries. In addition, it's a form of technology that can be used for the creation of prototypes, the visualisation of objects that go into production, immersive communication, and the list goes on and on. While large companies are reaping the benefits, small ones are more or less yet to really start applying it.

The moment is therefore right for positioning such a tool on the market, and the Valpovo company SpectreXR has all the prerequisites for that – their very own OctoXR tool. The fact that they are very much on the right track was confirmed by their participation in the aforementioned AWE conference in Lisbon, which specialises in XR solutions. There, they agreed to cooperate with Crunchfish and Ultraleap and successfully integrated their software with their solutions. The aforementioned collaborations are important to this company for several reasons. In addition to finances, the team from Valpovo should see the doors of large clients opened, and it will also further ensure their recognition.

"We also see it as a path towards numerous manufacturers of XR equipment, considering the contacts of our associates. We have a developed business model and are well on our way to capitalising on these opportunities. We're absolutely counting on that from January onwards," Rajkovic said.

For more, make sure to check out our dedicated business section.

January the 2nd, 2022 - Croatian exporters haven't been shy about their joy at the country finally joining the Eurozone and Schengen, stating just how much easier this will make doing business, and how there is now much more room for wage growth.

As Poslovni Dnevnik/Marija Brnic writes, the introduction of the euro was mostly called for by Croatian exporters, and they've been calling for it since the country joined the EU back in July 2013. For years now, Croatian exporters have endlessly appealed to the Croatian National Bank (CNB) for a change in the exchange rate policy and a weakening of the kuna in order to enable them to be more competitive on international markets, and they also called for the introduction of the euro, which has now finally occurred, and which would simplify their jobs and all of their financial planning, not to mention lead to the overall improvement of borrowing conditions from banks.

One of the most passionate of all was Darinko Bago, the long-time president of the board of Koncar and until recently the president of the Croatian exporters association, who is now very satisfied that Croatian Eurozone accession has finally happened.

Timely government reactions

Bago, while having hoped Eurozone accession would have happened earlier, believes that even though we're ''late to the party'' as it were, it's better now than never.

"Over the last 20 years, the EU has lost more than 36 percent of its market position, the second problem is the drop in the birth rate, and thus its own demand, which is the generator of growth, and the third is the bloc lagging behind, because today, the European Union does not have, for example, a chip factory, and it's still energy dependent. Russian aggression against Ukraine only increased inflation, because the problems started when China unilaterally abolished subsidies and the transport of goods became more expensive, which created a problem with the import of products of lower value and larger quantities into the EU, and then the coronavirus pandemic and the war in Ukraine only increased the vulnerability of the EU. Of course, all of this also affects Croatia, because two-thirds of Croatian imports and exports take place with the EU,'' Bago pointed out.

"The European Commission (EC) is spreading clouds of money around some countries and this is happening in a non-transparent manner, how the money is used isn't really being monitored, nor are any of the effects it produces," concluded Bago. However, even under such conditions, Croatian entry into the Eurozone and Schengen opens up a far better perspective for Croatian exporters, and the decisive factor for the effects on exports and the overall economy will be that the Croatian Government reacts promptly to EU processes and reacts in the right way.

"For us, 2022 was the year of further European integration, and now comes the year of real struggle to maintain the economy," says Bago.

Hrvoje Stojic, chief economist of the Croatian Association of Employers, recalls that Croatian exporters and their products have already benefited from European integration. Since joining the EU in 2013, it has more than doubled to date. Entry into the Eurozone combined with Schengen accession, along with existing membership in NATO, will additionally structurally include Croatian exporters in global value chains, and as such open new opportunities for significant export growth.

"The disappearance of the currency risks, the strong drop in exchange fees, the improvement of financing conditions thanks to the improvement of the perception of risk, also give greater predictability when conducting business. Stronger institutional and market pressures have a positive effect on the competitiveness of private companies and their tendency to invest in order to maintain or strengthen competitiveness. Viewed at the level of a comparable credit rating, membership in the Eurozone enables Croatia to have a 1.5 to 2 percentage point lower cost of financing compared to those who aren't Eurozone member states," Stojic points out.

Greater room for wage growth

Stojic also expects that these positive influences will open up more space for wage growth based on productivity growth, and in the event of a new systematic financial crisis, Croatia will be able to count on the intervention mechanisms of the ECB through access to the European Stability Mechanism, which reduces the risk of potentially expensive banking and balance of payments crises and ultimately serious risks to the country and the domestic economy.

Joining the currency union and the loss of the independent monetary policy of the CNB means the opening of the possibility of enjoying an active monetary policy, which until now, due to exchange rate restrictions, was simply not possible. In addition to that, financial integration with the institutions and the financial market of the Eurozone will be further deepened, making it likely that the costs of not only credit, but also non-credit instruments of financing and export insurance will be somewhat lower.

For more, make sure to check out our news section.

December the 22nd, 2022 - The Rijeka IT company Appon continued to experience enormous growth last year, and the need for more employees is only increasing.

As Borivoje Dokler/Poslovni Dnevnik writes, Croatian IT companies are achieving notable results on the market today, but society is always looking for a little more and a little more. The Rijeka IT company Appon managed to give that little bit more which is always being sought, and with it; they started the Academy for the training of IT experts.

According to the Rijeka IT company Appon, the reason for starting the Academy is very simple, and it relies on ever-evolving market trends. The development and accelerated growth of the IT sector has led to a lack of professional staff, which is ultimately necessary for the regular and high-quality performance of business processes.

"On the basis of this, and primarily from the experience of working on here on the Croatian market, as well as on markets throughout the EU, we concluded that it's far simpler to start our own training and staff training. This process may be more time-consuming and financially demanding, but in the end, it brings about benefits by which you ensure the constant presence of trained and educated personnel in the processes of working with clients.

''The Rijeka IT company Appon is otherwise an company with international experience and we work or have worked with some of the leading international companies such as Lufthansa, Mercedes, DB Energia and so on. These are indicators that we believe in this type of training because so far it has shown exceptional results and has trained a certain number of very successful experts," said Robert Franjkovic from Appon.

They started their story from the idea of transferring their knowledge and experience to young people who already possess some basic knowledge and want to invest extra effort in personal upgrading and development. The transfer of knowledge is therefore the backbone of it all, and it seems that the premise of growth is precisely that "knowledge is not knowledge to know, but knowledge is knowledge to give".

"The people we accept throughout our process aren't conditioned by diplomas or previous work experience and knowledge. It's crucial for us that candidates have the foundations on which we build that knowledge and expertise. In order to achieve this, we ask candidates for commitment, expediency, initiative and a desire to learn, which we can and know how to bring to a level that will bring benefits to them personally, but to us at Appon, it's also to our mutual benefit when it comes to our daily work with our clients,'' Franjkovic explained.

Participants who complete their Academy are included in operational processes, and depending on the level of training and their acquired knowledge, some of them will be immediately operationally redirected to operational tasks at locations in certain EU countries, such as Germany. There, all expenses and accommodation, as well as their salary will be covered in line with proper EU standards.

Their Academy differs in many ways from similar programs of this type, and first of all, their educators, as explained by Franjkovic, are people who also acquired their own knowledge according to a similar principle of work.

Their approach is based on similar foundations and they know how to approach and implement knowledge that will later be successfully applied in practice. Currently, the third generation of participants is in the process of training, among whom they already recognise a few that they state have predispositions to reach the highest level of knowledge and practical application. On top of all of the above, in the coming years, since their company is achieving significant growth, the Rijeka IT company Appon plans to invest significant funds and place an increased emphasis on the Academy.

Only last year, their growth was about 600 percent compared to 2020, and thus the need for professional staff has drastically increased.

For more, check out our business section.

December the 20th, 2022 - The Croatian Infosit software company is celebrating twenty years of doing business, and planning to tackle the demanding European Union (EU) market next.

As Poslovni Dnevnik writes, the very first more complex software from the Croatian Infosit company was launched from the living room of the founder Goran Mrvos in Varvari near Porec in Istria, and now, they're rightfully celebrate two decades of doing very successful business.

The Croatian Infosit software company started functionong 20 years ago with just two employees, and today it has 25 experts creating, as they say, robust platforms that are at the centre of the integration of complex tools that drive online sales and marketing of medium and larger tourism and hotel companies, as well as national associations.

"I'd say that the fact that we already did significant work in the first wave of digitisation was important for our positioning as a long-term partner in the digital transformation. We were constantly learning and improving our competences, processes and work methods. While building an agile organisation, we went through several important stages of development,'' recalled the founder and director of Infosit, Goran Mrvos.

As his company celebrates a very successful twenty years, Mrvos announced that Infosit plans to increase its focus on its strengths, one of which is the digital transformation of tourist organisations, as a niche in which, as he claims, they have a lot of knowledge and experience.

"In addition to our presence on the markets of Croatia and Slovenia, we're planning to enter the markets of other European Union (EU) countries, either independently or with strategic partners. We are strengthening our existing teams and forming new ones that will take care of the deliveries, and master the work on the international market, thereby strengthening our position as a leader in the IT4hospitality niche even more,'' revealed Goran Mrvos.

For more, check out our dedicated business section.

December the 20th, 2022 - The Croatian gaming studio Gamepires is set to become part of the large and very well known global game developer and publisher Jagex, which announced the acquisition of the Zagreb company describing it with superlatives.

The Croatian gaming scene has come on leaps and bounds over the last five years or so, with the unlikely location (in the opinion of many) of Novska in continental Croatia becoming the very heart of the Croatian gaming scene. Many companies and studios have since popped up all over the country, and slowly but surely Croatia is becoming as recognised for its gaming potential as it is for that of its blossoming IT and tech scene.

''We're extremely excited to see how we can continue to build on everything we've achieved with SCUM so far and refine the game to its full potential,'' the leadership behind the Croatian gaming studio Gamepires stated, which created the wildly popular game SCUM. As Poslovni Dnevnik writes, they stated the above when recently discussing what they're calling very big news for the gaming industry in this country as a whole.

"We are delighted that Gamepires is joining our family, and its founders Tomislav Pongrac and Andrej Levenski both built a fantastic approach to gaming. Now we will support their vision to take SCUM to an even higher level," said Jagex's CEO Phil Mansell of the acquisition of the Croatian gaming studio Gamepires, which is otherwise headquartered here in the City of Zagreb.

Gamepires is otherwise known for reaching an extremely impressive 250,000 sales in first 24 hours of SCUM's release, as well as over one million sales in a mere three weeks, making it the fastest selling new game ever on Steam.

For more on Croatian companies, entrepreneurs and innovation, make sure to check out our dedicated business section.

December the 15th, 2022 - The Zadar Turisthotel is set to invest 113 million euros into its offer and facilities over the coming five years, aimed at not only improvement but sustainability.

As Marija Crnjak/Poslovni Dnevnik writes, over the next half a decade, the Zadar Turistihotel plans to invest 113 million euros in the renovation and construction of new accommodation facilities and entertainment, which was approved by the company's Supervisory Board and presented by the Management Board on Tuesday at the first open day for Turisthotel shareholders.

Financial strength

"Since we started with the construction of a new entertainment and catering and establishment on the beach, which is worth more than 8.7 million euros, Zaton has been a large construction site. At the Zadar Turisthotel, we haven't had any significant investments since back 2018, and we recently adopted a strategic capital investment plan for the next five-year period with the aim of increasing the quality of our offer and content, higher revenues and ensuring the further growth and development of the company.

The Zadar Turisthotel has managed to enjoy significant financial stability, liquidity and creditworthiness, and we're confident that, as long as there are no major global disturbances and instability, we'll manage to realise our plans. In order to ensure success and future growth, we must invest in our offer, our employees and the destination as a whole, all while making sure we're engaging in sustainable and socially responsible development,'' explained Meri Matesic Sicic, the president of the Turisthotel Management Board, adding that the legislative and tax framework is stable and encouraging, as is the financial stability of the company, which remains the basis for planning and implementing new investments in tourism.

Annual figures

The new investment cycle of the Zadar Turisthotel will include the additional improvement and raising the quality of its existing facilities, new catering, hospitality and entertainment facilities, the complete remodeling of the main street within the resort, the reconstruction of the remaining apartments from 3 to 4 stars, the construction and introduction of new facilities, and the Aenona Park project, which includes a new camp, hotel and sport and entertainment facilities in the northern part of the settlement in Zaton.

In Zadar, there are also plans to build a city hotel located within the city centre on the site of the former Pobjeda (Victory) cinema, and to convert the Boutique Hostel Forum into a hotel. According to the plan, Turisthotel will annually invest approximately 22 million euros in those new projects.

As is already fairly well known, the Zadar-based shipping company Tankerska plovidba entered Turisthotel back at the beginning of November, becoming the largest single shareholder of the company by purchasing 24.53 percent of the shares. With the transaction, former longtime director Frane Skoblar dropped to second place with 11.8 percent, and the rest of the shares are held by around 600 small shareholders.

Mario Pavic, the president of Tankerska plovidba, explained that the company wants to diversify its operations as part of its long-term strategy of alignment with the global direction of decarbonisation, although the core business remains shipping. As the largest single shareholder, they plan to coordinate with the co-owners the way the company will be managed as we go forward.

For more, check out our business section.

December the 13th, 2022 - The Croatian startup SimpleMatic has successfully designed a solution for one of the most irritating issues still faced by a large domestic pharma company.

As Poslovni Dnevnik/Josipa Ban writes, JGL, the very well-known Croatian pharmaceutical company, continues to face a very specific problem when it comes to the production process. Every four hours, as was explained by Mate Poropat, the director of JGL's pharmaceutical-technological operations, they have to change the sedimentation plates in the monitoring procedure. This process is still done manually and costs the company a lot of money and time.

"We want to automate that process in a simple way," said Poropat. Thanks to the Manufacturing Innovation Challenge (MIC) project, which is organised and implemented by the EIT Manufacturing Hub Croatia, they didn't have to wait very long for a solution to come running along. The Croatian startup SimpleMatic, consisting of Daniela Jaksic and Marko Brkljacic, came up with and designed a solution to this issue in a mere few weeks.

"Our solution is of great importance on a global level, because almost all pharmaceutical companies have to try and cope with the problem of manually changing sedimentation plates," explained Jaksic from the Faculty of Pharmacy and Biochemistry.

Knowledge and innovation

This example clearly shows how thin the line can be between a problem and a solution. However, it is only thin if the problem falls into the right hands - from industry to those of science. And they were brought together by the EIT Manufacturing Hub, one of ten such hubs in Europe whose goal is to create a network of European innovators in the field of manufacturing and to position Europe as a world leader in innovation in industry.

The EIT Manufacturing HUB in Croatia consists of the Centre for Research, Development and Technology Transfer of the University of Zagreb and the Faculty of Mechanical Engineering and Shipbuilding. They implement a wide number of projects, including MIC, which connects manufacturing companies and startups.

"One of the key problems with startup teams is that they create products for which there's no market. At the same time, manufacturing companies have to face real challenges. It was logical to connect them both,'' explained Miro Hegedic, the co-coordinator in the Manufacturing Hub and an assistant professor at FSB.

Thanks to this project, JGL came to the solution they had been looking for for a long time, and the Croatian startup SimpleMatic got the opportunity to implement their innovation and develop globally. Another award-winning team that participated in the MIC competition - Integrators - who designed a solution for the giant company Podravka and their optimisation of the size of their production orders, also has such an opportunity on its hands.

More money

Those teams, awarded with 10,000 kuna, are two of the nine that participated in the competition. "We want to encourage the development of innovations through projects, including in regard to this competition," Hegedic pointed out.

The Republic of Croatia, which is unfortunately at the very back of the European Union (EU) in terms of innovation, will have a lot of work to do in this field. However, Vesna Petrovic, the co-coordinator of the EIT Manufacturing Hub Croatia from CIRTT, pointed out that she is satisfied with the positive energy she's felt.

"Everyone would like greater access to financing sources," she concluded.

For more, make sure to follow our business section.

December the 13th, 2022 - The Croatian SysKit software company has managed to successfully attract an impressive nine million US dollars in investment, financed by the British.

As Poslovni Dnevnik writes, the Croatian SysKit, based here in the City of Zagreb, secured a nine million dollar investment that will be used for the internationalisation of its business operations and the further development of the company.

As part of this investment, which was financed by the British investment fund Cade Hill Investments, they opened an office in the affluent English city of Cambridge, which is where they moved their headquarters to.

"This investment will significantly facilitate our positioning on Western markets and open up stronger access to foreign knowledge and talent," said SysKit's CEO, Toni Frankola. Their British investors, with whom they first cooperated back in 2017, recognised that the company had successfully mastered a specific technological and market niche.

In addition to the financial growth achieved with the key product, SysKit Point, the company increased the number of employees to 75 in 2022, and additional growth is expected in 2023. The Croatian SysKit otherwise describes itself as a software development company primarily focused on creating high-quality enterprise governance and monitoring solutions for Microsoft 365, SharePoint, Windows Servers, Remote Desktop Services, and Citrix environments.

Their tools – SysKit Point, SPDocKit, SysKit Monitor, SysKit Insights, and SysKit Trace help administrators, IT professionals, managers, and business team leaders worldwide in achieving their goals. Our story began in 2009 in Zagreb, Croatia, with the idea to monitor servers. That’s how our first product, Terminal Services Log, was born. Today, more than 50 creative, diligent people work on this company's products which are used by more than 3000 companies worldwide.

Unless you've been living under a rock, you'll know that the IT sector across the Republic of Croatia has been blossoming (and rapidly) over the last several years, SysKit is just one of the many companies to have done exceptionally well in attracting foreign investment and penetrating Western European and American markets.

For more, follow our business section.