Search for...

These are the IT companies in North Macedonia driving its $1B market

the top domestic IT companies in North Macedonia that are currently driving the country’s ICT market forward
Image credit: Pexels
, ~

The IT market in North Macedonia reached a value of over $1 billion in 2020, making the IT industry one of the most profitable and prosperous industries in the tiny Balkan country.

While IT service and software make up the largest segment or 56 percent of the ICT market in North Macedonia, the country is also home to a number of skilled IT professionals, who mostly work for domestic or international IT companies.

In this article we take a look at the top domestic IT companies in North Macedonia that are currently driving the country’s ICT market forward.

  1.   Nextsense is the company that has generated the highest revenue in the last three years in the country. Founded in 1999, the company is specialized in driving complete digital transformation processes and delivering ICT solutions to improve the business performance of a wide range of organizations. They have over 90 employees, with an annual revenue of $5.9M.

Company CEO: Vasko Kroneski

  1.   Seavus is a software development and consulting company based in Lund, Sweden and Skopje, North Macedonia. The company provides enterprise-wide business products to large organizations and government agencies, as well as outsourced IT services. The company was founded in 1999 and has more than a thousand employees worldwide today, covering over 30 million mobile subscribers through its clients. In December 2020, Seavus became a part of Czech ICT holding company ARICOMA, for an undisclosed amount.

Company CEO: Kocha Boshku

  1.   IWConnect is a Bitola-based IT outsourcing company that provides software development and support services. Founded in 2007, the company has more than 200 employees, with an annual revenue of $5.70M, and offices in Bitola, Prilep and Skopje. In the last 15 years, they have also been present in the US and European markets, offering a variety of services in various areas such as complex application development, mobile application development, Cloud AWS, quality control and testing, and management and support.
Read more:  The tech communities in the region in support of people in Ukraine

Company CEO: Vlado Mitev

  1.   Axapta Masters is a Gold Microsoft Partner providing practical cloud and digital transformation for companies by using the Microsoft Dynamics 365 suite of applications, in industries such as automobile, manufacturing, fashion, retail, wholesale, IT, consumer goods, food production, and many more. The company was founded in 2013, has more than 100 employees, and an annual revenue of €3.2M, making it the fastest growing Microsoft Partner in North Macedonia, operating globally.

Company CEO: Riste Marevski

  1.   Intertec is a custom solution development and technology consulting company founded in North Macedonia, and with headquarters in Munich, Germany and with delivery centers in Germany and Eastern Europe. The company delivers innovative software solutions to companies and enterprises worldwide, has more than 120 employees, with an annual revenue of €2.2M.

Company CEO: Dimitar Siljanovski

  1.     Synami is a software development company with а diverse portfolio of innovative software solutions, founded in 2021. Previously, the company was a division with the much larger software company Seavus, working on project management software tools and products. After Seavus was acquired by the ARICOMA group, Synami established itself as a separate company and currently has close to 50 employees, with ambitions to match the success of its predecessor.

Company CEO: Bojan Tasevski

Thank you for reading The Recursive!

Over 1 million people from all over the world have learned about the tech ecosystem in Central and Eastern Europe thanks to The Recursive. In order to keep our content free for everyone, we need your help. If you believe what we do is important and have the means to do so, support us in giving a voice to Central and Eastern Europe with as little as €7. Thank you!

DONATE Keep reading this article

Help us grow the emerging innovation hubs in Central and Eastern Europe

Every single contribution of yours helps us guarantee our independence and sustainable future. With your financial support, we can keep on providing constructive reporting on the developments in the region, give even more global visibility to our ecosystem, and educate the next generation of innovation journalists and content creators.

Find out more about how your donation could help us shape the story of the CEE entrepreneurial ecosystem!

One-time donation

You can also support The Recursive’s mission with a pick-any-amount, one-time donation. 👍

Bojan is The Recursive’s Western Balkans Editor, covering tech, innovation, and business for more than a decade. He’s currently exploring blockchain, Industry 4.0, AI, and is always open to covering diverse and exciting topics in the Western Balkans countries. His work has been featured in global media outlets such as Foreign Policy, WSJ, ZDNet, and Balkan Insight.