Codec has announced plans for a four million euro expansion into a number of European markets. The expansion is being marked by the change in name of Decision Support Systems' business solutions division to Codec.
Codec provides financial analytical solutions for budgeting, planning, control and analysis for over 200 clients across a range of markets. Their client portfolio includes AIB and Germany's Allianz.
Codec, which currently employs 160 people worldwide, wants to expand into a number of European markets, including the Czech Republic, Austria, Switzerland and the UK and also plans to broaden its existing base in Germany.
The company predicts that staff numbers will grow to 200 over the next year and has also projected a 50% rise in operating profits from 40 million euros to 60 million.
To support the integration of the different offices of the group, the company has also launched its new corporate identity - Codec - across all of its existing operations.
