Sirma Group Holding celebrated a significant milestone in its capital markets journey by ringing the opening bell at the Frankfurt Stock Exchange, marking the successful completion of its dual listing and opening new avenues for expansion into one of Europe's premier financial centers. This event signifies Sirma's evolution from a regional technology leader into an internationally recognized enterprise software provider with enhanced access to European capital markets. The ceremony included Sirma's Board of Directors, executive management, partners, and representatives from both the Frankfurt Stock Exchange and Bulgarian Stock Exchange.
What distinguishes Sirma in the technology landscape is its unique position as a company that has built intelligent software solutions since its foundation in 1992. As a European technology group, Sirma delivers enterprise software solutions with a strong emphasis on artificial intelligence as a key enabler of business transformation, supported by extensive expertise across banking, insurance, healthcare, travel and hospitality, transportation & logistics, retail, and the public sector. The company combines deep industry knowledge with proprietary platforms and advanced artificial intelligence, delivered through its Sirma.AI Enterprise platform, to support organizations in their digital, data, and process transformation.
Already listed on the Bulgarian Stock Exchange since 2015, Sirma's debut in Frankfurt expands investor access, enhances liquidity, and strengthens visibility among international institutional investors. The joint efforts of both stock exchanges have created growth opportunities for new participants in the EuroBridge segment, where Sirma is listed. Tsvetan Alexiev, CEO of Sirma Group Holding, stated that Frankfurt offers technologically savvy investors, proximity to core DACH and Western European markets, and governance standards aligning with the company's philosophy, serving as an ideal platform for enhancing global visibility during this crucial growth phase.
Manyu Moravenov, CEO of the Bulgarian Stock Exchange, commented that Sirma's dual listing is a significant achievement for both the company and the Bulgarian capital market, demonstrating that Bulgarian companies can successfully compete on the European stage while maintaining strong connections to their home market. He noted that Bulgaria’s path toward the euro area is expected to further strengthen investor confidence and visibility, encouraging more Bulgarian companies to attract international interest. Caroline von Linsingen, Head of IPO & Growth Financing at Deutsche Borse, added that this dual listing highlights the integration of European capital markets and Frankfurt's role as a gateway for innovative European companies.
Sirma enters the Frankfurt market as an established European technology group with more than 800 employees and a distinctive heritage as an early AI innovator. Since 1992, the company has developed AI-powered software to address complex enterprise challenges across highly regulated industries. In 2025, Sirma generated consolidated revenues of approximately EUR 66 million, with 43% recurring revenue, reflecting the mission-critical nature of its solutions. As of late January 2026, the company's market capitalization stood at around EUR 77 million, with share price growth continuing into 2026.
The dual listing provides access to a broader analyst base and institutional investors who understand enterprise software economics and recurring revenue models. Sirma offers a de-risked entry point into European enterprise AI technology, differentiated by over three decades of proven AI implementation experience, a decade of audited financials as a public company, diversified revenue streams across multiple sectors, and continued investment in next-generation enterprise AI platform modernization. This strategic move reinforces Sirma's position as a trusted partner in transforming complex data into actionable insights for hundreds of clients worldwide, driving growth, resilience, and operational efficiency.
