Romanian firm Euro-Testing Software Solutions has entered into a solution provider agreement with the Synopsys Software Integrity Group to deliver solutions within the Polaris Software Integrity Platform® throughout Romania. This agreement will bring innovation and enhanced security to the Romanian IT industry, offering companies comprehensive solutions tailored to the specific needs of the country’s business environment.
“We are excited to begin this strong collaboration with Synopsys Software Integrity Group, a company with an outstanding reputation in application security”, says Silviu Răcuciu, CEO Euro-Testing Software Solutions. “This collaboration is aimed at combining the solutions offered by the American company with Euro-Testing’s expertise; thus, bringing a complete service, supported by a strong partner on the Romanian market. Together, we will provide our customers with advanced and integrated solutions for managing security risks in an efficient and effective way. Through this partnership, we have strengthened our position in the cybersecurity solutions segment and will better cover the current needs of the Romanian software and cybersecurity market.”
“Our agreement with Euro-Testing is a significant milestone that will help expand Synopsys’ portfolio in the Romanian market,” also says Tom Herrmann, VP of Global Channels and Alliances, Synopsys Software Integrity Group. “Broadening our business through the channel is one of our top strategic priorities. This agreement signals the continued momentum and growth we expect by further extending our world-class application security solutions through the channel moving forward.”
Through this collaboration between Euro-Testing Software Solutions and the Synopsys Software Integrity Group, advanced analysis, correlation and reporting solutions will be brought to the Romanian IT market, covering the entire security architecture and infrastructure, and addressing license compliance and code quality risks that come from using open-source technology in application and container development. In addition, this collaboration will offer integration solutions with DevOps CI/CD workflows, enabling continuous testing and verification of application security. Euro-Testing will also provide specialized solutions for different industries such as Telecom, Automotive, ICS & Networking, addressing Black Box testing for Embedded Software application security.
The collaboration with the Synopsys Software Integrity Group will allow Euro-Testing to expand its coverage across multiple market verticals and offer a wider range of security services, addressing the complex needs of its customers. These new capabilities will contribute to strengthening Euro-Testing’s position in the Romanian cyber security services market.
“The diversification of the portfolio of services we can offer both to current customers and to other companies facing the challenges associated with digitization at this time is the indicator of the success behind this collaboration,” says Silviu Răcuciu, CEO Euro-Testing Software Solutions. “In terms of business development, both for us and our collaborators, such a partnership is beneficial and necessary to prevent and remediate unpleasant incidents in the cybersecurity area without the need to contract multiple vendors. Thus, in 2024, we expect to record an organic growth of up to 10%.”
The software security market in 2024 in Romania
The cybersecurity market in Romania is incomplete in terms of solutions needed for IT security, with only products available that help identify security issues in software applications, databases, networks and cloud-based devices. So far, no solution has been able to cover all vulnerabilities and provide complete protection against cyber threats. Consequently, as new solutions emerge, this market continues to grow at a considerable pace, say Euro-Testing Software Solutions representatives.
With the growth of digital transformation, the security market has steadily expanded, and in 2023 there was a significant need for cybersecurity solutions. This market experienced a sharp decline in 2020, but quickly recovered and peaked shortly after due to the conflict between Russia and Ukraine.
Romania’s cybersecurity sector is expanding rapidly, according to studies by audit firms, and most businesses have increased their security budgets for 2023 and 2024.
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