Bristol-based "European powerhouse" Amdaris grows 94% in 2022 and announces expansion plans

Software delivery specialist Amdaris has today announced 94% year on year revenue growth in 2022, solidifying its place as one of the fastest growing tech companies in Europe.

Headquartered in Bristol, Amdaris has offices in Moldova, Romania, Ukraine and the UAE, and has doubled its team over the past year. The company opened two new delivery centres in Sofia, Bulgaria, and Bucharest, Romania.

Amdaris’ client base also expanded in 2022 and its average revenue per customer has grown by 90%. Key verticals including Health Tech, Legal Tech, and Insurance Tech, among others.

Amdaris, which won the 2022 Business of the Year by the Business Leader Awards, has announced its plans for further expansion in 2023. This includes opening delivery centres in Varna, Bulgaria and Cluj, Romania, and the expansion of its UK and Moldova centres. Amdaris will continue to grow its headcount, with a particular focus on Bulgaria, Romania, Moldova and the UK.

With a delivery centre in Odesa, Ukraine, when the Ukrainian crisis unfolded the Amdaris team helped to secure the safety of their team members and has also hired over 40 new Ukrainian developers since March 2022.

Vlad Nanu, co-CEO of Amdaris, commented: “Amdaris’ growth over the past year is a testament to our hard working and passionate team. Wherever we have sought to innovate and to develop as a company, our incredible people have excelled and made the impossible happen. I’m proud of the training and development programmes we have built internally, but even more proud of how our people have embraced this learning and made it what it has become today. We hope to continue to grow alongside the teams who grow with us." 

Andy Rogers, co-CEO of Amdaris, added: “Our exceptional results in 2022 are a result of focused business investment enabling Amdaris to be a platform for growth. We have deepened and grown established client relationships and matured our services to become true strategic partners. Our talent platform has over tripled its hiring capability, allowing the business to respond quickly to demand. We are proactively expanding our delivery centre network and ensuring we continue to hire the most exciting talent in the marketplace. This investment continues with strong growth expected for 2023.”

To find out more about Amdaris, visit the website here.