Industry Report Computer programming, consultancy and related activities 2017 BULGARIA

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This industry report is part of your subcription access to SeeNews | seenews.com/subscription CONTENTS

I. KEY INDICATORS

II. INTRODUCTION

III. REVENUES

IV. EXPENSES

V. PROFITABILITY

VI. EMPLOYMENT 1 SeeNews Industry Report

In 2016 there were a total of 7,567 companies operating in the industry. In 2015 their number totalled 6,851. I. KEY INDICATORS NUMBER OF COMPANIES IN COMPUTER PROGRAMMING, The Computer programming, consultancy and related CONSULTANCY AND RELATED ACTIVITIES INDUSTRY BY SECTORS activities industry in Bulgaria was represented by 8,188 SECTOR 2017 2016 2015 companies at the end of 2017, compared to 7,567 in the OTHER INFORMATION TECHNOLOGY AND 3,618 3,294 3,049 previous year and 6,851 in 2015. COMPUTER SERVICE ACTIVITIES COMPUTER PROGRAMMING ACTIVITIES 2,334 2,226 1,998 The industry's net profit amounted to BGN 442,189,000 in COMPUTER CONSULTANCY ACTIVITIES 1,411 1,280 1,099 2017. COMPUTER FACILITIES MANAGEMENT 825 767 705 ACTIVITIES The industry's total revenue was BGN 5,065,967,000 in 2017, up by 18.09% compared to the previous year.

The combined costs of the companies in the Computer III. REVENUES programming, consultancy and related activities industry

reached BGN 4,565,868,000 in 2017, up by 19.42% year-on- The total revenue in the industry was BGN 5,065,967,000 in year. 2017, BGN 4,289,939,000 in 2016 and 3,791,169,000 in 2015.

The industry's total revenue makes up 5.28% to the country's Gross domestic product (GDP) in 2017, compared Total revenue to 4.63% for 2016 and 4.24% in 2015. Net sales revenue

A total of 46,787 people were employed in the Computer 6,000,000,000 programming, consultancy and related activities industry in 5,500,000,000 2017, compared to 42,710 in 2016 and 38,714 in 2015. 5,065,967,000 5,000,000,000 Most of the companies in the industry are based in Sofia, 4,500,000,000 4,289,939,000 4,844,365,000 followed by Varna and Plovdiv. 4,000,000,0003,791,169,000 4,102,243,000 3,500,000,000 3,584,603,000 II. INTRODUCTION 3,000,000,000 BGN 2,500,000,000 In 2017 the companies in the Computer programming, consultancy and related activities industry numbered 8,188, 2,000,000,000 distributed in 4 sectors. 1,500,000,000

1,000,000,000

500,000,000 INDUSTRY STRUCTURE BY SECTORS AND NUMBER OF COMPANIES

1,411 0 2015 2016 2017

The companies in the Computer programming, consultancy 2,334 and related activities market of Bulgaria earned combined net sales revenues of BGN 4,844,365,000 in 2017. 825 In annual terms, sales marked an increase of 18.09% compared to 2016. In comparison to 2015 they grew by 35.14%. In 2016 sales grew by 14.44% year-on-year.

The Computer programming, consultancy and related activities industry total revenue make up 5.28% to the country's GDP in 2017, compared to 4.63% for 2016 and 4.24% in 2015.

3,618 Other information technology and computer service activities

Computer programming activities Computer consultancy activities

Computer facilities management activities

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Share in GDP 6 INDUSTRY'S NET SALES REVENUE STRUCTURE BY SECTORS

5.5 5.28% 30.26% 5 4.63% 15.18% 4.54.24%

4

3.5

3 4.75%

2.5

2

1.5

1

0.5

0 2015 2016 2017 49.80% Other information technology and computer service activities In 2017 the Computer programming, consultancy and related Computer programming activities activities industry contributed to GDP BGN 4,344,285,000 in Computer consultancy activities Gross value added (GVA) accounting for 2.55% of the total for the country's economy. Computer facilities management activities

In the previous year, the industry's GVA amounted BGN The highest growth, of 29.57%, was recorded by Computer 3,694,783,000, accounting for 2.42% of the total for the consultancy activities. There was no industry's sector to country in 2016. In 2015 the GVA of the Computer report a drop in net sales revenues. programming, consultancy and related activities was BGN 3,199,169,000, or 2.07% of the GVA for the country's TOP COMPANIES' REVENUE BY SECTORS SEGMENT COMPANY TOTAL REVENUE NET SALES economy. (BGN) REVENUE (BGN) COMPUTER PROGRAMMING ACTIVITIES GVA BY SECTORS PROGRESS SOFTWARE EAD 91,877,000 86,497,000 RANK SECTOR BGN SHARE OF THE COUNTRY'S SAP LABS BULGARIA EOOD 79,449,000 79,370,000 GVA (%) SIRMA SOLUTIONS AD 41,320,000 34,074,000 1 OTHER INFORMATION TECHNOLOGY AND 2,005,321,000 1.18 OTHER INFORMATION TECHNOLOGY AND COMPUTER SERVICE ACTIVITIES COMPUTER SERVICE ACTIVITIES ENTERPRISE SERVICES BULGARIA EOOD 227,321,000 227,308,000 2 COMPUTER PROGRAMMING ACTIVITIES 1,462,364,000 0.86 ALSO BULGARIA EOOD 174,597,000 172,328,000 3 COMPUTER CONSULTANCY ACTIVITIES 672,285,000 0.40 PAYSAFE BULGARIA EOOD 101,811,000 101,811,000 4 COMPUTER FACILITIES MANAGEMENT 204,315,000 0.12 ACTIVITIES COMPUTER CONSULTANCY ACTIVITIES IBM BULGARIA EOOD 132,954,000 132,171,000 EXPERIAN BULGARIA EAD 53,489,000 53,489,000 We expect, based on the trend in the last three years, the total CAD R&D CENTRE PROGRESS GROUP AD 37,690,000 37,622,000 revenue of the Computer programming, consultancy and COMPUTER FACILITIES MANAGEMENT ACTIVITIES related activities industry to change at a compound annual CEZ INFORMATION AND 18,222,000 18,061,000 growth rate (CAGR) of 15.60% in 2018. COMMUNICATION TECHNOLOGIES BULGARIA EAD

KPMG IT SERVICE OOD 11,947,000 11,941,000 NET SALES REVENUE BY SECTORS RANK SECTOR NET SALES REVENUE LIREX HIGH TECH AD 7,624,000 7,276,000 (BGN) 1 OTHER INFORMATION TECHNOLOGY AND COMPUTER 2,412,495,000 SERVICE ACTIVITIES The top 10 companies in terms of total revenue in Computer 2 COMPUTER PROGRAMMING ACTIVITIES 1,466,122,000 programming, consultancy and related activities accounted 3 COMPUTER CONSULTANCY ACTIVITIES 735,543,000 for 21.54% of the industry's total in 2017, 23.94% in 2016 and 4 COMPUTER FACILITIES MANAGEMENT ACTIVITIES 230,205,000 24.27% in 2015.

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MM SOLUTIONS EAD 29,751,000 TOP 10 COMPANIES BY TOTAL AND NET SALES REVENUE IN THE MUSALA SOFT AD 26,746,000 INDUSTRY SCALE FOCUS AD 26,102,000 RANK COMPANY TOTAL REVENUE NET SALE FADATA EOOD 24,548,000 (BGN) REVENUE (BGN) 1 ENTERPRISE SERVICES BULGARIA EOOD 227,321,000 227,308,000 2 ALSO BULGARIA EOOD 174,597,000 172,328,000 3 IBM BULGARIA EOOD 132,954,000 132,171,000 The 10 largest companies in terms of total revenue in sector Computer programming activities earned total revenue of 4 PAYSAFE BULGARIA EOOD 101,811,000 101,811,000 BGN 424,443,000 and accounted for 8.38% of the industry's 5 PROGRESS SOFTWARE EAD 91,877,000 86,497,000 total revenue. 6 VMWARE BULGARIA EOOD 89,066,000 88,872,000

7 SAP LABS BULGARIA EOOD 79,449,000 79,370,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR OTHER 8 HEWLETT-PACKARD GLOBAL DELIVERY 73,714,000 73,677,000 BULGARIA CENTER EOOD INFORMATION TECHNOLOGY AND COMPUTER SERVICE 9 VISTEON ELECTRONICS BULGARIA EOOD 61,865,000 61,857,000 ACTIVITIES WERE: COMPANY BGN 10 STEMO OOD 58,544,000 55,931,000 ENTERPRISE SERVICES BULGARIA EOOD 227,321,000 ALSO BULGARIA EOOD 174,597,000

PAYSAFE BULGARIA EOOD 101,811,000 The total revenues of the top 10 companies in the Computer VMWARE BULGARIA EOOD 89,066,000 programming, consultancy and related activities were 1.14% HEWLETT-PACKARD GLOBAL DELIVERY BULGARIA CENTER EOOD 73,714,000 of GDP in 2017, compared to 1.11% for 2016 and 1.03% in 2015. VISTEON ELECTRONICS BULGARIA EOOD 61,865,000 STEMO OOD 58,544,000 The top 10 by assets in the Computer programming, TELELINK BUSINESS SERVICES EAD 55,376,000 consultancy and related activities industry made up BGN ORACLE EAST CENTRAL EUROPE LIMITED - BRANCH BULGARIA 43,915,000 739,298,000, or 15.26% of the total net sales revenue. HP INC BULGARIA EOOD 41,402,000

TOP 10 BY TOTAL ASSETS IN THE INDUSTRY RANK COMPANY BGN The 10 largest companies in terms of total revenue in sector 1 SPETSIALIZIRANI LOGISTICHNI SISTEMI AD 131,079,000 Other information technology and computer service activities 2 SUMUP EOOD 116,277,000 earned total revenue of BGN 927,611,000 and accounted for 3 PROGRESS SOFTWARE EAD 96,944,000 18.31% of the industry's total revenue. 4 PAYSAFE BULGARIA EOOD 81,174,000 5 IT SOFT EAD 61,797,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY 6 SIRMA SOLUTIONS AD 58,420,000 COMPUTER CONSULTANCY ACTIVITIES WERE: COMPANY BGN 7 ALSO BULGARIA EOOD 54,019,000 IBM BULGARIA EOOD 132,954,000 8 SAP LABS BULGARIA EOOD 48,848,000 EXPERIAN BULGARIA EAD 53,489,000 9 ENTERPRISE SERVICES BULGARIA EOOD 47,945,000 CAD R&D CENTRE PROGRESS GROUP AD 37,690,000 10 HAOS SOFTWARE OOD 43,807,000 BULPROS CONSULTING AD 28,205,000

KONGRES DZZD 20,501,000

CODIX BULGARIA EAD 20,365,000 TOP 10 COMPANIES WITH HIGHEST ANNUAL GROWTH IN OPERATING REVENUE IN COMPUTER PROGRAMMING, STRYPES EOOD 20,261,000 CONSULTANCY AND RELATED ACTIVITIES COCA-COLA HELLENIC IT SERVICES EOOD 17,023,000 RANK COMPANY Y/Y GROWTH ADASTRA BULGARIA EOOD 15,382,000 1 NETPEAK EOOD 200400.00 TECH EXPERTS EOOD 14,647,000 % 2 B SOLUTIONS EOOD 145600.00% 3 LA DIET OOD 46476.92% The 10 largest companies in terms of total revenue in sector 4 ENTERTAINMENT MOBILE OOD 41304.76% Computer consultancy activities earned total revenue of BGN 5 TABTIVI EOOD EOOD 31100.00% 360,517,000 and accounted for 7.12% of the industry's total 6 INOVATIVE SOFTWARE SYSTEMS EOOD 27600.00% revenue. 7 SEASGAN INNOVATIONS OOD 27200.00% 8 3DMA OOD 25500.00% TOP 10 COMPANIES BY TOTAL REVENUE IN THE INDUSTRY 9 PIMPAL INOVEYSHANS OOD 13925.00% COMPUTER FACILITIES MANAGEMENT ACTIVITIES WERE: 10 RARE PINK BULGARIA EOOD 13550.00% COMPANY BGN CEZ INFORMATION AND COMMUNICATION TECHNOLOGIES 18,222,000 BULGARIA EAD KPMG IT SERVICE OOD 11,947,000 TOP 10 COMPANIES BY TOTAL REVENUE IN THE SECTOR LIREX HIGH TECH AD 7,624,000 COMPUTER PROGRAMMING ACTIVITIES WERE: SPETSIALIZIRANI LOGISTICHNI SISTEMI AD 7,367,000 COMPANY BGN PROGRESS SOFTWARE EAD 91,877,000 EPAY AD 7,361,000 SAP LABS BULGARIA EOOD 79,449,000 DZZD ENSI KONTROL-INFRASTRUKTURA TK 6,352,000 SIRMA SOLUTIONS AD 41,320,000 SIS TECHNOLOGY AD 6,192,000 SBTECH (GLOBAL) LIMITED - SUBSIDIARY BULGARIA BRANCH 40,882,000 COMSOFT OOD 5,702,000 EYSIK DEPO OOD 32,148,000 HAOS SOFTWARE OOD 31,620,000

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METHODIA AD 5,526,000 KONSORTSIUM TRAFIK ZA SOFIYA 5,164,000 INDUSTRY'S TOTAL COSTS STRUCTURE BY SECTORS

29.95% The 10 largest companies in terms of total revenue in sector 14.55% Computer facilities management activities earned total revenue of BGN 81,457,000 and accounted for 1.61% of the industry's total revenue.

IV. EXPENSES 4.85%

The combined costs of the companies in the Computer programming, consultancy and related activities industry reached BGN 4,565,868,000 in 2017.

Total Expenses Operational expenses 4,565,868,000 4,600,000,000

4,470,835,000 4,140,000,000 3,823,347,000 50.64% Other information technology and computer service activities 3,680,000,000 3,375,692,000 3,761,738,000 Computer programming activities

3,220,000,000 Computer consultancy activities 3,292,699,000 Computer facilities management activities 2,760,000,000 Computer consultancy activities marked the highest annual 2,300,000,000

BGN increase in total expenses, of 28.86%.

1,840,000,000 In terms of operating expenses, the highest growth, of 1,380,000,000 28.73%, was recorded by the Computer consultancy activities sector. 920,000,000 The biggest spenders in the industry, with costs of over 10% 460,000,000 of industry's costs, numbered 28, including HAOS SOFTWARE OOD, HP INC BULGARIA EOOD, SIRMA SOLUTIONS AD, 0 FADATA EOOD, IBM BULGARIA EOOD. The medium 2015 2016 2017 spenders, or those in the 5% and 10% range count 41 and include ABRITES OOD, SITEGROUND HOSTING EOOD, NET In annual terms, total expenses increased by 19.42% INFO AD, TECHNOLOGICA EAD, MENTORMATE BULGARIA compared to 2016 and rose by 35.26% in comparison to 2015. EOOD. Below 5% threshhold are 8,119 companies, including HAYTEK INDASTRIS EOOD EOOD, SOLEKS 7 EOOD, TIM The total operating expenses of the companies in the PARVANOVA I SIE SD, ES DI KONSULTING EOOD EOOD, Computer programming, consultancy and related activities ARIADNA - HRISTOV I S-IE SD. industry were BGN 4,470,835,000 in 2017. Employment expenses in the Computer programming, Operating costs grew by 18.85% compared with the previous consultancy and related activities industry increased by year and rose by 35.78% when compared to 2015. 20.89% on the year to BGN 2,167,485,000 in 2017.

We expect, based on the trend in the last three years, the total costs of the Computer programming, consultancy and related activities industry to change at a compound annual growth rate (CAGR) of 16.30% in 2018.

TOTAL COSTS BY SECTORS RANK SECTOR TOTAL COSTS (BGN) 1 OTHER INFORMATION TECHNOLOGY AND COMPUTER 2,312,341,000 SERVICE ACTIVITIES 2 COMPUTER PROGRAMMING ACTIVITIES 1,367,600,000 3 COMPUTER CONSULTANCY ACTIVITIES 664,369,000 4 COMPUTER FACILITIES MANAGEMENT ACTIVITIES 221,558,000

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Employment expenses Average taxes expenses by company Salaries expenses 8,000 Social security expenses 7,062 6,975 7,072 2,167,485,000 7,000 2,200,000,000

2,000,000,000 1,793,010,000 6,000 1,800,000,000 1,909,527,000

1,600,000,000 5,000 1,401,339,000 1,589,236,000 1,400,000,000 4,000

1,200,000,000 BGN 1,248,417,000

BGN 1,000,000,000 3,000

800,000,000

2,000 600,000,000

400,000,000 226,846,000 1,000 150,940,000 185,866,000 200,000,000

0 0 2015 2016 2017 2015 2016 2017

The highest growth in labour costs, of 41.31%, was registered EXPENSES ON TAXES BY SECTORS by Computer consultancy activities. RANK SECTOR BGN Y/Y CHANGE 1 OTHER INFORMATION TECHNOLOGY AND 25,149,000 10.01% The monthly costs per employee in the Computer COMPUTER SERVICE ACTIVITIES programming, consultancy and related activities industry 2 COMPUTER PROGRAMMING ACTIVITIES 20,741,000 2.06% averaged BGN 3,861 in 2017, BGN 3,498 in 2016 and BGN 3 COMPUTER CONSULTANCY ACTIVITIES 9,532,000 33.33% 3,016 in 2015. 4 COMPUTER FACILITIES MANAGEMENT 2,488,000 1.68% ACTIVITIES

The monthly social security costs per employee in the industry averaged BGN 404 in 2017, versus BGN 363 in 2016 and BGN 325 in 2015. V. PROFITABILITY EMPLOYMENT EXPENSES IN COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES BY SECTORS IN 2017 The industry's net profit amounted to BGN 442,189,000 in RANK SECTOR EMPLOYMENT AVERAGE EXPENSES (BGN) EXPENSES PER 2017, compared to a net profit of BGN 413,812,000 in 2016 EMPLOYEE (BGN) and a net profit of BGN 367,091,000 in 2015. 1 OTHER INFORMATION TECHNOLOGY AND 946,200,000 44,120 COMPUTER SERVICE ACTIVITIES Net profit/loss 2 COMPUTER PROGRAMMING ACTIVITIES 815,755,000 50,918 Operating profit/loss 3 COMPUTER CONSULTANCY ACTIVITIES 350,309,000 46,689 4 COMPUTER FACILITIES MANAGEMENT 55,221,000 30,391 600,000,000 ACTIVITIES 550,000,000 500,099,000 500,000,000 466,592,000 THE TOP 10 COMPANIES BY AVERAGE MONTHLY COSTS PER 450,000,000 EMPLOYEE IN THE INDUSTRY 417,166,000 442,189,000 RANK COMPANY BGN 400,000,000 1 STEMO OOD 124,333 413,812,000 350,000,000 2 INFORMATION SERVICES AD 119,787 367,091,000

3 FUTUREMEDIA EOOD 103,750 300,000,000

4 IT INNOVATIONS INTERNATIONAL EOOD 93,500 BGN 250,000,000 5 CERTRIA EOOD 93,167 6 POLIGON SOFTWARE EOOD 79,750 200,000,000 7 SIS TECHNOLOGY AD 77,333 150,000,000 8 SAPRO CONSULTING EOOD 64,417 9 GLOBAL INTERACTIVE SOLUTIONS EOOD 54,000 100,000,000

10 MOJIO EOOD 53,250 50,000,000

0 The industry's tax expenses stood at BGN 57,910,000 in 2017. 2015 2016 2017 In 2016 it paid taxes of BGN 52,780,000. In 2015 the industry paid BGN 48,386,000 in taxes.

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ROE TOP 10 COMPANIES BY HIGHEST NET PROFIT IN COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES ROA RANK COMPANY BGN 24 22.91% 22.68% 1 EYSIK DEPO OOD 22,114,000 22.04% 22 2 PROGRESS SOFTWARE EAD 12,963,000

3 ENTERPRISE SERVICES BULGARIA EOOD 12,513,000 20 4 EGT INTERACTIVE EOOD 12,299,000 18 5 IBM BULGARIA EOOD 9,970,000 6 MM SOLUTIONS EAD 8,924,000 16 7 PAYSAFE BULGARIA EOOD 5,743,000 14 8 ENIGMA SOFTWARE GROUP BULGARIA EOOD 5,739,000 9 CONVERSION UNIVERSE OOD 5,473,000 12 12.73% 12.19% 10 HYULET-PAKARD BULGARIA EOOD 5,403,000 10 11.61%

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TOP COMPANIES BY HIGHEST NET LOSS IN COMPUTER 6 PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES RANK COMPANY BGN 4 1 VMWARE BULGARIA EOOD 8,374,000 2 2 DYNAMO SOFTWARE BULGARIA EOOD 6,850,000 3 DIDZHIPARADAYMS OOD OOD 5,284,000 0 4 PROGRAMISTA EAD 2,866,000 2015 2016 2017 5 NET INFO AD 2,508,000

LEADING INDUSTRY'S SECTORS BY ROA The combined operating earnings of the companies in the 18 17.86 Computer programming, consultancy and related activities 16.5 field went up by 7.18% y/y to BGN 500,099,000 in 2017. 15 14.31 OPERATING PROFIT/LOSS BY SECTORS (BGN) 13.5 SECTOR 2017 2016 2015 12 COMPUTER PROGRAMMING ACTIVITIES 205,663,000 171,520,000 138,358,000 10.5 OTHER INFORMATION TECHNOLOGY 176,270,000 200,741,000 188,439,000 8.99 AND COMPUTER SERVICE ACTIVITIES 9 COMPUTER CONSULTANCY ACTIVITIES 90,886,000 67,594,000 71,956,000 7.5 COMPUTER FACILITIES MANAGEMENT 27,280,000 26,737,000 18,413,000 6 ACTIVITIES 4.5

3 The profit margin for the Computer programming, 1.5 consultancy and related activities industry stood at 10.00% in 0 Computer consultancy Computer programming Other information 2017, while in 2016 it amounted to 11.05% and 11.27% in 2015. activities activities technology and computer service activities PROFIT MARGIN BY SECTORS RANK SECTOR PROFIT MARGIN 1 COMPUTER PROGRAMMING ACTIVITIES 13.22% LEADING INDUSTRY'S SECTORS BY ROE 2 COMPUTER CONSULTANCY ACTIVITIES 12.19% 38 37.13 3 COMPUTER FACILITIES MANAGEMENT ACTIVITIES 11.46% 34.2 4 OTHER INFORMATION TECHNOLOGY AND COMPUTER 7.15% SERVICE ACTIVITIES 30.4 26.5 26.6

The Computer programming, consultancy and related 22.8 21.39 activities industry's return on equity (ROE) is 22.68% 19 compared to 22.91% in 2016 and 22.04% in 2015. 15.2 The Computer programming, consultancy and related activities's return on assets (ROA) was 11.61%, while in 2016 it 11.4 amounted to 12.73% and 12.19% in 2015. 7.6

3.8 0 Computer consultancy Computer programming Computer facilities activities activities management activities

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TOP 10 COMPANIES BY HIGHEST AVERAGE NET PROFIT PER TOP 10 COMPANIES WITH HIGHEST CORRELATION OPERATING EMPLOYEE IN COMPUTER PROGRAMMING, CONSULTANCY AND REVENUE - NUMBER OF EMPLOYEES - EMPLOYMENT EXPENSES* RANK COMPANY NAME CORRELATION RELATED ACTIVITIES (BGN) RANK COMPANY BGN COMPANY HEADQUARTERS 1 STEMO OOD 6,865,714 (CITY) 2 CERTRIA EOOD 6,849,000 1 CERTRIA EOOD 2,771,000 SOFIA 3 NTH MEDIA BULGARIA EOOD 5,714,000 2 DATA CENTRE INSTALLERS EOOD 1,777,000 STARA ZAGORA 4 SSARM EOOD 3,809,000 3 CEPROCS TECHNOLOGIES EOOD 630,000 DOBRICH 5 DATA CENTRE INSTALLERS EOOD 3,184,000 4 ITALSOFT EOOD 570,000 SOFIA 6 KRUSCHE & COMPANY EOOD 2,778,500 5 ZEKALABS OOD 569,000 SOFIA 7 LANET EOOD 2,171,714 6 OMI EASTERN EUROPE OOD 476,500 SOFIA 8 SIS TECHNOLOGY AD 2,167,000 7 PG - CONSULTING EOOD 453,000 SOFIA 9 ORACLE EAST CENTRAL EUROPE LIMITED - BRANCH 1,785,391 BULGARIA 8 FIX EOOD 420,000 SOFIA 10 FUTUREMEDIA EOOD 1,757,000 9 MOBIVOX EOOD 378,000 RUSE

10 URAN KOMPANI OOD 378,000 SLIVEN

*The correlation is calculated by subtracting the quotient of the operating profit, and the employment expenses to the number of employees. About 60.00% of the 10 leading companies in terms of net profit per employee are located in SOFIA, while 10.00% are AVERAGE REVENUES PER EMPLOYEE IN COMPUTER STARA ZAGORA-based and 10.00% are headquartered in PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES IN SLIVEN. 2017 SECTOR AVERAGE NET AVERAGE AVERAGE NUMBER OF SALES OPERATING TOTAL EMPLOYEES The average net sales revenue per employee in the Computer REVENUE REVENUE REVENUE (BGN) (BGN) (BGN) programming, consultancy and related activities industry COMPUTER PROGRAMMING 91,513 97,079 98,200 16,021 amounted to BGN 103,541 in 2017, up by 7.80% compared to ACTIVITIES 2016 and up by 11.82% compared to 2015. OTHER INFORMATION 112,492 114,926 116,041 21,446 TECHNOLOGY AND COMPUTER The industry's average operating revenue per employee grew SERVICE ACTIVITIES by 8.14% year-on-year in 2017 to BGN 106,939. It went up by COMPUTER CONSULTANCY 98,033 99,335 100,660 7,503 11.86% compared to 2015. ACTIVITIES COMPUTER FACILITIES 126,695 131,001 136,950 1,817 MANAGEMENT ACTIVITIES The Computer programming, consultancy and related activities industry generated an average BGN 108,277 in total revenue per employee. In 2016 and 2015 the figure was BGN AVERAGE REVENUE PER COMPANY IN COMPUTER 100,443 and BGN 97,928, respectively. PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES IN

2017 The average total revenue per company in the Computer SECTOR AVERAGE NET AVERAGE AVERAGE NUMBER OF programming, consultancy and related activities industry SALES OPERATING TOTAL COMPANIES REVENUE REVENUE REVENUE went up to BGN 618,706 in 2017 from BGN 566,927 in 2016. (BGN) (BGN) (BGN) The 2015 value was BGN 553,375. OTHER INFORMATION 666,803 681,236 687,842 3,618 TECHNOLOGY AND COMPUTER A company in the Computer programming, consultancy and SERVICE ACTIVITIES related activities market made on average a net sales revenue COMPUTER PROGRAMMING 628,159 666,366 674,063 2,334 ACTIVITIES of BGN 591,642 in 2017, compared to BGN 542,123 in 2016 COMPUTER CONSULTANCY 521,292 528,213 535,262 1,411 and BGN 523,223 in 2015. ACTIVITIES COMPUTER FACILITIES 279,036 288,519 301,622 825 The Computer programming, consultancy and related MANAGEMENT ACTIVITIES activities industry made 1.78% of the overall sales country- wide, increasing its market share by 0.12 pp. The total indebtedness of the companies in the Computer Operating profit per employee for the industry as a whole was programming, consultancy and related activities industry was BGN 10,689 in 2017. For comparison in 2016 it amounted to BGN 1,626,921,000 versus BGN 1,249,549,000 a year ago. In BGN 10,925 and BGN 10,925 in 2015. 2015 the industry's indebtedness totalled BGN 1,153,056,000.

THE TOP BY OPERATIONAL PROFIT PER EMPLOYEE IN COMPUTER INDUSTRY'S INDEBTEDNESS BY SECTORS (BGN) PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES SECTOR 2017 2016 2015 RANK COMPANY BGN OTHER INFORMATION TECHNOLOGY 683,024,000 582,266,000 540,994,000 1 CERTRIA EOOD 3,081,000 AND COMPUTER SERVICE ACTIVITIES 2 DATA CENTRE INSTALLERS EOOD 1,977,000 COMPUTER PROGRAMMING ACTIVITIES 484,166,000 369,433,000 325,457,000 3 CEPROCS TECHNOLOGIES EOOD 700,000 COMPUTER FACILITIES MANAGEMENT 243,709,000 115,573,000 125,532,000 ACTIVITIES 4 ZEKALABS OOD 632,000 COMPUTER CONSULTANCY ACTIVITIES 216,022,000 182,277,000 161,073,000 5 ITALSOFT EOOD 570,000

Debt-to-assets ratio of the companies in the industry is 0.43

in 2017. It was 0.38 in 2016 and 0.38 in 2015.

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According to market experts, the greatest impact on the COMPANIES IN THE INDUSTRY BY SIZE IN TERMS OF NUMBER OF EMPLOYEES development of the Computer programming, consultancy 3 300 3 231 and related activities industry has Concessions, patents, 3 000 licenses, trademarks, software and similar rights and assets value. In 2017 it stood at BGN 176,897,000, according to the 2 700 financial statements of the companies in the industry. In 2016 2 400 the figure was BGN 156,998,000 and BGN 149,044,000 in 2015. 2 100 1 800 VI. EMPLOYMENT 1 500 1 200 A total of 46,787 people were employed in the Computer 900 programming, consultancy and related activities field at the end of 2017, compared to 42,710 in 2016 and 38,714 in 2015. 600 300 120 NUMBER OF EMPLOYEES BY INDUSTRY SECTORS 23 SECTOR NUMBER SHARE OF Small Medium Big INDUSTRY TOTAL OTHER INFORMATION TECHNOLOGY AND COMPUTER 21,446 45.84% The employees of the leading 10 companies when it comes SERVICE ACTIVITIES to numbers make up 24.18% of the workforce in the industry COMPUTER PROGRAMMING ACTIVITIES 16,021 34.24% in 2017. COMPUTER CONSULTANCY ACTIVITIES 7,503 16.04% COMPUTER FACILITIES MANAGEMENT ACTIVITIES 1,817 3.88% TOP 10 FIRMS BY SHARE IN INDUSTRY'S TOTAL NUMBER OF EMPLOYEES RANK COMPANY NUMBER OF SHARE EMPLOYEES 1 ENTERPRISE SERVICES BULGARIA EOOD 3,286 7.02%

ALLOCATION OF EMPLOYEES BY INDUSTRY'S SECTORS 2 IBM BULGARIA EOOD 1,906 4.07% 3 HEWLETT-PACKARD GLOBAL DELIVERY 1,146 2.45% BULGARIA CENTER EOOD 4 PAYSAFE BULGARIA EOOD 918 1.96% 16,021 7,503 5 EXPERIAN BULGARIA EAD 711 1.52% 6 SAP LABS BULGARIA EOOD 707 1.51% 7 VISTEON ELECTRONICS BULGARIA EOOD 699 1.49% 8 C3I EUROPE EOOD 693 1.48% 9 VMWARE BULGARIA EOOD 641 1.37% 10 SBTECH (GLOBAL) LIMITED - SUBSIDIARY 605 1.29% 1,817 BULGARIA BRANCH

The Computer programming, consultancy and related activities industry is the 12th largest employer in the country with 46,787 employees with the largest employer being Retail trade, except of motor vehicles and motorcycles with 200,534 and Extraction of crude petroleum and natural gas at the bottom with 27 employees.

The Computer programming, consultancy and related activities's share in the country's total employment was 2.02% 21,446 Other information technology and computer service activities in 2017, 2.21% in 2016 and 1.95% in 2015.

Computer programming activities We expect, based on the trend in the last three years, the Computer consultancy activities number of employees of the Computer programming, Computer facilities management activities consultancy and related activities industry to change at a compound annual growth rate (CAGR) of 9.93% in 2018. The analysis on companies' sizes by the number of employees, shows that 3231 firms have less than 50 employees*, 120 have between 50 and 250 employees* and 23 companies employ more than 250*.

* Companies without data in the number of employees at end of the year are not taken into consideration.

9 SeeNews Industry Report

The industry is represented by the following companies

HAYTEK INDASTRIS EOOD EOOD MEREO TECHNOLOGY GROUP LLC EOOD RT TECHNOLOGIES OOD LEVEL 26 EOOD SOLEKS 7 EOOD CANDOSS EOOD NYU TEHNOLADZHIS BULGARIA EOOD ABRITES TRADE EOOD TIM PARVANOVA I SIE SD KONSULT SIS EOOD MINDVECTORS EOOD OUSAM SKUAD OOD OOD ES DI KONSULTING EOOD EOOD ANTEMON EOOD DZHORDZHI YANIS ET C+C AUTOMATION OOD ARIADNA - HRISTOV I S-IE SD HEISENBERG ONLINE MARKETING EOOD ZULU OOD PATECCO EOOD KREA SOFT OOD ALTERA SYSTEMS EOOD SVET SOLYUSHANS INTERAKTIV - SVETOSLAV DEVRIX EOOD IVANOV ET ALIMOS EOOD BRAVO KONSULT EOOD VINSOLUTIONS EOOD EOOD GROWVICK EOOD ERSIKS OOD 'DIRECTORY BG'' EOOD SITEGROUND HOSTING EOOD LIONET EOOD INFLY TECHNOLOGY OOD OFERTOMAT BG EOOD MINA TSVETKOVA ET AQME CONSULTING EOOD IT2B SERVICES EOOD CONTROLBOX EOOD PIRIN ADVISORY & MANAGEMENT SERVICES NEUVENTS OOD EOOD ELEMENT EOOD VEZNI - PLAMEN ZHELEV ET BBF-ZEAT OOD SINAPS IDEAS EOOD ONMEDIA OOD TRANSMETRICS AD VINCIT EOOD ULTIMA OOD ZENTAERLI OOD OOD METRONET DZZD CARDBOX AD PREON EOOD KUPIDOMAIN BG EOOD LOORIX OOD BOUC CONSULTING EOOD HELYUZIV EOOD BLUE SKY LIMITED EOOD OUSHAN SALYUSHANS OOD EXETER RISK MANAGEMENT CORPORATION I PEC EOOD GLOBAL MEDIA PARTNARS EOOD ASIMO EOOD EOOD INKOST EOOD IMKO-3 SD IG & COMPANY EOOD KOMPYUTARNET KONSULTING OOD VEMA SOLUSHANS EOOD EOOD BI BUSINESS INVESTMENT TRADING EOOD REGULIGENCE EOOD G& D CONSULTING EOOD MAVS MOBILE EOOD DSMARTER OOD BG UEB SPORT EOOD PLUR TEHNOLODZHI EOOD EOOD ACCEDO BG EOOD EPHEDRA-TK OOD DIGOVA SOLUTION EOOD INFOEL EOOD ELECON EOOD GIDR BULGARIA EOOD AY-SOL EOOD VLADISIE EOOD TIK TEK EOOD 3 MG SOLUTIONS EOOD LOGIKGEYT OOD ENSIES EOOD SB SOFT EOOD INTERNATIONAL TELECOMMUNICATION GROUP KOLORMOR EOOD STROYINVEST ATI EOOD EOOD ADVANTISOFT OOD ALLDATAFOUND OOD KORR. KINDLING ORIGINALITY EAD TRAFFIC CONTROL OOD MEDIA LAND OOD INSPIRE SOFT EOOD INVOICING SOLUTIONS BULGARIA AD DEYTA SALUSHANS DZZD KONSORTSIUM PROKON NEW SERVICES SOLUTION EOOD APPOPEIA EOOD ISYST EOOD PUZZEL SOFIA EAD GRINED SOFT 1 EOOD VI PI EN SORS EOOD EOOD SOFT INNOVATIONS EOOD GLOBAL SOFTUER SOLYUSHANS EOOD EOOD LABELAS EOOD TROUBLESHOOTER EOOD ITSL EUROPE EOOD GOLDEN ORBS EOOD HOSTER EOOD HAPILAND ENTARTEYNMANT EOOD EOOD E DNEVNIK EOOD VONIKS EOOD SOFTGIG ATANAS BOMBOV ET BLEZ - DIMITAR ANGELOV ET BRINK-DONCHO POPKRASTEV ET ANTYUSH EOOD ALTAKOV EOOD TAKERMAN EOOD EOOD NEXTAD MEDIA GROUP OOD ALFA PANAYOT PAMUKOV ET KOSTAL SOFIASOFT BULGARIA EOOD BYNET DATA COMMUNICATIONS BULGARIA IKT KLAUD KLASTER DZZD ONLIME OOD PROMOGRAD OOD EOOD OPTIMA TEHNOLODZHIS OOD SAMARCO WEB ENGINEERING EOOD SA SERVICES EOOD ITO EOOD INTERSOFTPRO EOOD LSTI EAST EUROPE EOOD DAB GRUP EOOD EOOD MULTIMEDIYA INHENSMANT GRUP EOOD WEB LABS EOOD VES - COMPUTERS - VLADIMIR EVSTATIEV ET CONNEXXA OOD GIGA - GEYMS EOOD M M M - TREYD EOOD HOPAR BULGARIA EOOD EOOD SYMEX BULGARIA EOOD THERMACOTE CONSULTING CORP EOOD DGCORP TECHNOLOGIES EOOD SYNC SOLUTIONS OOD BISENGINEERING EOOD SQILLINE BUSINESS SOLUTIONS OOD FLUID CODES OOD S-3 LAB OOD MSG GLOBAL SOLUTIONS BULGARIA EOOD EYSIS AP OOD EMBODEE BG EOOD TIAR2PLYUS OOD ELITE SOFTWARE OOD ALPHANET SERVICE OOD FORUM KOMPYUTARS OOD FAR - ALEXANDER VELKOV ET 2P WEB DESIGN EOOD RABIT BULGARIA EOOD CHOLAKOV IT EOOD IT BUSINESS CONSULTING EOOD NETPICKBG EOOD SHARPENDER OOD FIO SYSTEMS BULGARIA EOOD GLOBAL KANTENT SALYUSHANS EOOD SOLVENA EOOD SOLIT EOOD WI-MAX NET OOD CANTANEA EOOD SOFT INTELEKT OOD OOD ESTIMA OOD KANISKO - KRASIN BOYANOV ET LEYT NAYT UARKS OOD SOFTELECTRONIC 1 EOOD DATASTORK BULGARIA OOD PAMSTAR EOOD LAYTIKS UEB SOLYUSHANS EOOD 4 TEH OOD INTERACTIVE VIDEO EOOD ESTREL SOFTUER I KONSULTING EOOD INCODE OOD SALONCHE EOOD EOOD MH MEDIA EOOD DA UEB SEYLS EOOD EOOD VAL GLOBAL TREYD OOD M V T SAPORT EOOD MOBICOM TRADING EOOD VESSELFINDER EOOD SHAYN ON EOOD PHOTO PANORAMA EOOD PRINO EOOD SUPER 12 EOOD EOOD TECHNOSOFT - PROJECT EOOD ADZHAYL EOOD GERLOVO NET EOOD INFINITY-5EOOD EOOD NYU ERA AYDIAS EOOD REMOTEAM EOOD TABER INVEST EOOD TRION EOOD ALI EXPRESS SUPPORT EOOD VISTO 2011 EOOD KUPON BG OOD SEMIRA EOOD VIKONTO EOOD FILTCHEV CONNECT EOOD SEMIKA EOOD FORYOUANDYOURCUSTOMERS SOFIA EOOD MINCHEVSOFT EOOD BYURO-1 SOFIYA OOD SHMATKO EOOD STORPOOL STORAGE AD STILSOFT EOOD RS SOFT OOD OOD ABRITES OOD FIRST UNITED SOFTWAREGROUP EOOD IN RANGE EOOD SUPPORT BULGARIA OOD YOANA-KRISTI OOD PIKSI DAST ENDZHINIYRING EOOD EOOD ELPIDA SOFIA EOOD EYPEKS INVESTMANTS EOOD LINK MOBILITY DEVELOPMENT HUB EOOD SKALIA EY - TRIKS EOOD ITBS EOOD MYPRO CONSULTING EOOD VSS - VLADIMIR STOEV ET TARAGON TEK OOD OOD ALIUM 48 EOOD SCI TRONIK EOOD NEKSTEL EOOD 10 SeeNews Industry Report

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TELEHAUS HOLDINGS EOOD DEVOCEAN D OOD AYTI KOMFORT EOOD KRESEARCHIS SO-LTD EOOD TSETSKO`S LAB - TSVETAN STOYCHEV ET DP SOFTWARE DEVELOPMENT EOOD PIXELMAKER- 2016 EOOD ARESD EOOD IMPRUV OOD DATAGRAPH EOOD PLAM 13 EOOD TITAN INTERNET TEHNOLODZHI EOOD EOOD INTERCO 1 EOOD ITRANSFORMERS LABS EOOD LVG GROUP EOOD TYPECOOP EOOD M-SYSTEMS EOOD XOGITO EOOD XPOWER EOOD MEDIC SOFT EOOD UEB GEYT AD ZETTA SYSTEMS OOD A4E OOD SATMANIYA EOOD MICROTOOLS- SOTIROV & CO SD APPTIMIST STUDIO EOOD SOUTH VALUE EOOD EFFICIENT SOLUTIONS EOOD STEDO SOFT OOD TI END ES KORP OOD DI VI EM - KONSULT EOOD REDI4APS OOD VACASPOTTING EOOD DUARD OOD VESTA KOMFORT OOD DATA PROMISHLENI KOMPYUTARNI SISTEMI OOD NET INOVEYSHAN TSENTAR EOOD PIXEL DREAM EOOD STIN SOLYUSHANS EOOD IKOSOFT - 2005 OOD 7M SOFTWARE EOOD VENNY SYSTEMS EOOD TSEKIN EOOD DIALOGICAL EOOD KODINI - DIMITAR KOTSEV ET DOLOSUS EOOD STRIBOG KONSULT OOD NEXT LAB EOOD AY SI TI 4 BI OOD TEKO-AD SI OU PI EOOD EOOD SMART DESIGN BG EOOD NTECH SYSTEMS EOOD ZOVILU EOOD WEB ID EOOD LTWAY OOD YES2LODZHIK OOD OOD APROKSIMA EOOD DISSECT EOOD KVK KONSULTING OOD MEGATRONIKS - 11 EOOD N K NETWORKS EOOD NIKE SOLUTIONS OOD MIT-98 TANKO IVANOV ET SINTEZ SOFT OOD BED SOCIAL EOOD RUST EOOD UEBIT INTERNET BIZNES SOLYUSHANS EOOD PEYDZH AP EOOD EOOD MIKRO AKAUNT - KOLYO NESTOROV ET INDRATECH EOOD AQX TECHNOLOGIES EOOD NORATEX EOOD SHIP IP EOOD AMIDAGARO PRADAKSHAN EOOD EOOD FAYLMAP TEKNOLODZHI EOOD EOOD NEW SMART SOLUTIONS EOOD A - SHARP EOOD SINTO OOD ENDAVA EOOD ZELENITE EOOD ZHABALAKA OOD EVOLWAY EAD PERFECT BUSINESS SOLUTIONS EOOD ACCISA EOOD BSS EOOD PI SI ES EOOD TICK42 OOD ALTUS REA EOOD ITBS INTERNESHANAL OOD CONNECTION CONSULT EOOD RIZN EOOD YOUMMDAY BULGARIA EOOD ADZHAIL SARVISES OOD KRIEYTIV DIDZHITAL ARTS OOD CHITTA - COMMERCE OOD VITA MARKETING-2016 EOOD RO TREYD EOOD DIV DIGITAL INNOVATIONS VENTURES EOOD INNOTEH END KO OOD WESTEL EOOD VALETIKS EOOD EOOD VIBO ENGINEERING EOOD VI DZHI AY TI EOOD NITEL EOOD ASISTA EOOD KLIMASOFT EOOD EXPO PROJECT EOOD BOOKME BULGARIA OOD SOFTUERNA KOMPANIYA KASHTATA EAD SOFTGROUP AD CARET.IO OOD EAST INTERACTIVE BULGARIA OOD SINGENS EOOD DEVLABZ EOOD NIMATECH EOOD MEDICAL INFORMATION TECHNOLOGIES EOOD TELEBID PRO EOOD JOZIN SYSTEMS EOOD NEKST PRO SOFTUER EOOD DRUZHESTVO ZA INFORMATIKA I TEHNOLOGII STOYAN YOTOV - EVROSERVIZ ET BLUE ROCKS ANALYTICS EOOD ZA PROIZVODSTVO INTEPRO EOOD PACTECH SOFTWARE SERVICES EOOD OVAL PIKSALS OOD AYTISISTEMI EOOD DENSLAMAR EOOD STEFKA YORDANOVA - FIORDI ET WEEMSS OOD LEGIT EOOD TELEKOMS - NET OOD TOP RANK - BG EOOD FARANT EAD SENSE TELECOM OOD VIPIAR STED OOD OOD MANDIMEKS EOOD EKOFLIYT OOD AUXIONIZE AD SIGMA - GEORGIY ALEKSANDROVICH ET NESTBOKS EOOD HESH REYT EOOD EOOD NOVANET OOD DE HAAN CONSULTING EOOD IT GIX OOD JSD SYSTEMS OOD TECHNOMANIA BULGARIA OOD DEVAZILLA EOOD KVS EOOD SEOTIKA EOOD EOOD DIMENTIEV SOFT EOOD MEYLTEMI EOOD NARS OOD VIRTUAL AFFAIRS BULGARIA EOOD MODPRO MEDIA EOOD SMETKO EOOD EOOD BIANOR SERVICES EOOD KNIGOLUB OOD BON ART IMPULS OOD GEO GERMANY OOD EKSPOSOFT - TENYOMIR GENCHEV ET DZZD KOREKT KONSULT VIMARS OOD TESSERACT SOFTWARE EOOD FADATA EOOD BORISLAV FRENCHEV ET UZL WEB DEVELOPMENT EOOD WEBVOX EOOD VIVELT EOOD PROVERI BG EOOD DIDZHITAL MEDNES OOD M& M MOTION EOOD EUROEXPRESS OOD YANISLAV KAROV ET DELOR-DZHI EM OOD BESPOKE SOFTWARE CONSULTANCY EOOD GODEV CONSULTING EOOD UEYVLINK OOD INFOWIRE EOOD IRIS LIMITED EOOD AKADEMIYA KODEKS - PERNIK EOOD EOOD EVKO COM EOOD STUDIO KIPO EOOD AGROMO OOD LOG INTEGRA AD ATONIA AD PANGURA EOOD ALPHA CONSULT OOD ITALTERM OOD VIPNET EOOD MEDKIT OOD CONSULTING AND INFORMATION TECHNOLOGY MMXVII MEDIA EOOD SI-EMA COM EOOD POSTEFEKTS EOOD AGENCY EOOD PRIME SPOT EOOD TATSIT KONSULTING EOOD UIZIVA OOD YARILLO OOD MZ3 EOOD DZZD GALOA KRIEYTIV BREYNS OOD OMO SOFT EOOD DEINEKA NETWORKS OOD RISCO GROUP BG EOOD ROZA HOLIDAYS EOOD BODIL40 EOOD YUBISOFT EOOD DZHEY TI-SERVIZ EOOD PIX& ART OOD SANDMAN PROJECTS EOOD TEMA SOFTUER KONSULT EOOD SONITA KONSULT EOOD INDEAVR CONSULTING OOD SABA INNOVATIONS EOOD DCS OOD INTELLI SOLUTIONS BULGARIA EOOD MISHMASH I O OOD BIZNES ELEKTRONIK OOD NET SYSTEM COMMUNICATION EOOD IVALKO - IVAN ALEKSANDROV ET GBS SYSTEMS OOD ITSS EOOD ITI-2001 OOD MIKSO APS EOOD TRENDO MARKETING EOOD PG - CONSULTING EOOD ROSMAR SARVISIS EOOD 7D SERVICES OOD TORRID LORE EOOD INTEGREYTED DEYTA SISTEMS EOOD EOOD 24 LABS EOOD BIKONS EOOD ZEBRINEX EOOD MASTHEAD STUDIOS EOOD TRAINER CONSULT EOOD SD SPM - SVILENOV I SIE NORDSTAR GLOBAL SERVICES EOOD EDREVA EOOD VALTEO DIGITAL OOD VIP INOVATIONS EOOD MASTER PLAN EOOD ATHLON DPS OOD RISK & INVEST CONSULTING EOOD PIKSIPAP EOOD EOOD NTS ET BI EM TEHNOLADZHI OOD OOD INFO TOP OOD INGIMA BULGARIA EOOD NTH MEDIA BULGARIA EOOD SYSTECH EOOD DTP SERVICE EOOD DYNAMICS CONSULTANT EOOD DATASOFT EOOD V MEDIA EOOD LIREX HIGH TECH AD IMMOBILIEN FUNDING OOD TELELINK INFRA SERVICES EAD ATOSES DIGITAL LLC EOOD GOODLIFE SOLUTIONS OOD TOMI SOFT SISTEM EOOD 15 SeeNews Industry Report

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SISLA BG EOOD BEETECH PROJECTS EOOD KIDROCA EOOD EAR POYNT EOOD 3 MG SOFT EOOD PERFORM IT BULGARIA OOD MEYKIT.BG EOOD FARMIA OOD AEROSIGHT OOD KOMEA EOOD DZHEY SI EM KONSULTING EOOD EVOAYSITI OOD HELM-83 EOOD EOOD EOOD TARA SOFT EOOD L.L.P. SOFIA EOOD ONLINE STUDIO EOOD AGENCY FOR SUBRENT OF STAFF OOD VERASOFT (BULGARIA) EOOD KIWINET OOD INOVEYSHAN GRUP SARVISIS OOD RED SPOTS SOLUTIONS EOOD COMMETRIC EOOD GLS SOFT OOD SOFT APP STUDIO EOOD NOBEL DIZAYN EOOD SKEYLFORS EOOD EOOD LOGICA OOD BOLKANO EOOD PROWEB-BG EOOD CREDOWEB SERVICES EOOD ALIMEX BULGARIA EOOD SOFTSISTEM OOD VIB KONSULT GRUP EOOD HELLO WORLD EOOD WEBVISION OOD ES TI ES PLOVDIV OOD MEDIA TSW EOOD GLOBAL SYSTEMS OOD PERPETTO EOOD DL-STUDIO EOOD UINKAMPANI OOD NORRE LAB OOD TONNET EOOD DIGITALZONE EOOD 3 UEYS EOOD ZIGZAG GLOBAL EOOD PRONETWORKS OOD ETROSISTEH EOOD GRAVITRON-M - DIMITAR ANGELOV ET ENVIRO PROJECT EOOD COMELSYS GROUP OOD FDS MEDIA EOOD FTI-SOFTWARE OOD 4 BITS OOD SOFIYA DIZAYN GRUP EOOD EOOD MANGO TREE OOD ELICOM LIGHT EOOD VERSO BULGARIA EOOD HASH STAYL OOD HYPERSCIENCE EOOD TRACECOM EOOD ET BETA SOLYUSHANS-MARGARITA NIKOLOVA ET IT-CLTING EOOD M SOFT 1 EOOD TM DESIGN EOOD SMART TREYD BG EOOD EOOD SI SOFTUEAR - SMART AYDIAS SOFTUEAR EOOD NKT OOD NORDELINK-BULGARIA EOOD MARKET POINT EOOD BOZHILOV I BOZHILOV OOD NICKSOFT SOLUTIONS EOOD TEVLA OOD ENTERPRISE ARCHITECTS SOFTWARE TEHNOGRAF EOOD IT SUPPORT 77 EOOD DEVELOPMENT EOOD BULGARSERVICE EOOD BROADCAST GROUP EOOD NIKS - DIZAYN EOOD ELECTRONIKA TLK OOD MULTIVAST TECHNOLOGIES EOOD VENTUS SYSTEMS EOOD RHYTHM ENGINEERING - BULGARIA EOOD NAUCHEN SVYAT EOOD DZZD LIREKS BG - LIREKS BS IGTECH OOD CONTACT ART EOOD POLI EOOD NGS EOOD BROOSER BG HOLDING EOOD STARKODARS EOOD EYSISTEM OOD INTTECH GROUP CORPORATION AD INABYTE BULGARIA EOOD SOFTHOUSE OOD DELTA SOURCE OOD TOMOV KONSULT EOOD ORIT KONSULTING EOOD PI SI HELP - BORISLAV MILEV ET SISCOM TRADING EOOD ICS INTEGRATED COMPUTER SYSTEMS EOOD PRAGMA SOURCE EOOD P N O NETWORK EOOD UARKSHOP MANYUALS EOOD SBIS OOD BITLENDINGKLUB EOOD QNEXT EOOD INFODONI 2 OOD STANDART GRUP. BG EOOD DROXIC OOD UEB BATAL GEYMS OOD IMIBO EOOD HTML PET EOOD VIA EXPO OOD KORA STUDIO OOD GLORIYA - S EOOD FAN SOLYUSHANS EOOD EOOD SDSD LABS EOOD ASKE EOOD TEA COMMERCE EOOD I FLY EOOD 2V DIZAYN EOOD EOOD YUBINET EOOD STENIK GROUP OOD PONTECH OOD INET PARTNER OOD GEOCON BULGARIA EOOD YANIKSID EOOD SEMA5 EOOD SPARKYSOFT EOOD ALEXDESIGN STUDIO EOOD BIZCON EOOD AY TI TEHNOLODZHI OOD ASTARTA CONSULT EOOD GRIYN BORDAR OOD MEDIYASOFT EOOD KOMPYUTABILITI EOOD BMSOFT EOOD TUTORIALS BG EOOD OSD DAYNAMIKS EOOD BENET OOD INTRANSCOM OOD SYNERGY GLOBAL FINANCIAL SOLUTIONS EOOD AT HOME OOD ZORA SOLYUSHANS EOOD SIMPLE G MUSIC EOOD REVAUXY LLC OOD DIZAYN PIKNIK STUDIO EOOD SIXMART EOOD INTERCHOYS OOD CRISDESIGN EOOD CLEVERSOFT BULGARIA EOOD BAYT - 2000 EOOD BIZNES GRUPA KONTAKT - PLOVDIV EOOD GRIND WEB STUDIO OOD IBM BULGARIA EOOD PROXIMA COMPANY EOOD MANIATSI OOD NEXTCOM EOOD GTRAVELS GROUP EOOD PELOV GRUP EOOD SOFTPROKON OOD SKAYAYSTUDIO EOOD EOOD ST SOFT EOOD MAKESOFT EOOD EFI EOOD GLOBAL COMMERCE SOLUTIONS OOD LA DIET OOD SEAMEKS - PLAMEN KOPCHEV ET DIANA.BG EOOD SHTRAK OOD KONSORTSIUM M3 MONITOR SOFTUERNA KASHTA M-KONSULT ELPE NET - VENTSISLAV NESTOROV ET EINS LLC OOD D S TECHNOLOGY SOLUTIONS EOOD VALENT 58 EOOD EYSIK DEPO OOD CASE SOFT EOOD STUDJIS C S EOOD GLOWING EYE MEDIA OOD ALEKI EOOD ALPHA MBM EOOD DEVTITANS EOOD POLAR AYDIAS OOD GLOBAL CREATIVE SOLUTIONS OOD GOGO 008 EOOD NISET SOFTUERNI SISTEMI EOOD TREE FROG EOOD GREEN DASH ENTERPRISE EOOD MEXELA EOOD FRESH DESIGN 007 EOOD AIVYU360 EOOD INFORMATION SERVICES AD MTSOFT OOD TREE WEB BULGARIA EOOD NEKST POYNTS OOD GEOWEALTH DEVELOPMENT BULGARIA EOOD ASHPUL EOOD TAYM TO FAYND OOD DRONKARTA EOOD EOOD MOBILE WAVE SOLUTIONS OOD SOFT END GO EOOD SERGEY AKERMAN ET ET VERVIR EOOD CLUSTER IN SUPPORT OF MICRO SMALL AND FICTION DESIGN OOD STONE B L EOOD MEDIUM-SIZED ENTERPRISES IN BULGARIA OOD BASIS EUROPE EOOD RUBISOFT OOD INDASTRI UEB OOD WIZIT EOOD VARNA DATA CENTER EOOD TECHNODATA EOOD RENDAR STEYSHAN EOOD EOOD ARCADE RETAIL EOOD RILA - ITK EOOD CRYSTAL SOLUTIONS EOOD OMEGA INGENERING OOD FABRIKA360 EOOD G - L EUROCONSULT EOOD RIP 2002 EOOD ALPHASYS EOOD AYTOV COM EOOD B 2 B BULGARIA OOD EXEDIA OOD VIDEOKOR OOD ABT.STUDIO EOOD INDUSTRIAL FORWARDING EOOD FOCUS I T SOLUTIONS OOD ATOOLS EOOD EGE KOMPYUTRI OOD DPLACE OOD AISYS EOOD CL BULGARIA EOOD SPETSIALIZIRANI LOGISTICHNI SISTEMI AD BRAVO E.D. EOOD ZERTIOS EOOD WILHELM OGTEROP EOOD YATRUS ANALITIKS BULGARIA AD ROITI OOD PODRAJKA BG OOD STROMIT EOOD INNOVATIVE TECHNOLOGIES EOOD EM TU INTELIDZHANS EOOD ELENKOV NET GRUP OOD EVRAZIYA UEBTRAFIK EOOD PROTASIS EOOD BTS - SOFT EOOD NETO 2016 EOOD DO IT WISE BULGARIALTD EOOD ENTITYTECH EOOD BARISTIO OOD WEBHILLS OOD SQUALIO BULGARIA EOOD PALDIN SOFT EOOD PCLOGIC OOD HERMOD EOOD VELA INVESTMENTS EOOD TONERI.BG EOOD 17 SeeNews Industry Report

YU SI ES BALKAN OOD TARGET IN OOD WEB SWQT OOD ENTERPRISE SECURITY SERVICES EOOD DZHIEL RIKRIEYSHANAL SOLYUSHANS OOD OOD RADIS - RADOSTIN ZHELYAZKOV ET VIY KONSULTING EOOD LIYDARSPLEY GEYMS OOD ENTI ROBOTIKS EOOD VSICHKIOFERTI BG OOD SIRMA MOBAYL AD SOCIABLE OOD EYCH ES OOD V & V CONSULTING EOOD CASHWAVE OOD TONIKA TECH EOOD GULD TEK SOLYUSHANS - KLON BULGARIA HACHIMAN EOOD EVROSIS OOD ANTIPODES EOOD ADVANCE OOD NEKSION EOOD INOVATSIONNI I KOMPYUTARNI RESHENIYA PLAMEN VASILEV 2017 EOOD EOOD RETROSTIL OOD MTM-P EOOD EKSELANS EOOD FVI KONSULT OOD PLAYTECH BULGARIA EOOD SOFTBASE EOOD FIRMWAREWORKS EOOD DA TOP EOOD EOOD KREZ 999 EOOD BLU ROKS SISTEMS EOOD EOOD BLISTUL EOOD KARADIMAS OOD UNITSOFT EOOD NIKSTO 82 EOOD VIAR MARTIN BORISOV ZHELEV ET ET FLEX BRICKS SOFTWARE EOOD ECON SERVICES EOOD TRAFIK LINK EOOD DBL KONSULTING EOOD EOOD PANOS EF HIKS EOOD TERMO HIT OOD SIGMA NEWS VENTURES E D EOOD WAWIO OOD SIMBERI AD UNIPLUS EOOD SIGMAPLAN EOOD UNISOFT NT EOOD STIKI KRIEYTIV OOD SONIK UOL EOOD ADRA EOOD KONSENTO EOOD LIMONADA EOOD INDUSTRIALNA AVTOMATIKA OOD VOLKAN SISTEMS EOOD GLOBEDOM EOOD STUDIO REFORMA EOOD DENI MILENOVA 2017 EOOD EOOD SUCCEVO SOLUTIONS EOOD TRAY SOFT EOOD ONLINE SOLUTIONS EOOD GEEKOLOGUE EOOD GLOBAL NET SARVISES OOD ARTEMID EOOD I-NATURE OOD NOVANOR OOD SVETLANA SOFT EOOD EVORI OOD NSD SERVICES EOOD E CARD OOD DREAM APPS EAD EDEN TECH LABS EOOD KAMAKAM EOOD BRASLET 2 OOD PINUIYL LABS EOOD EMOSOFT BULGARIA EOOD GENCLOUD OOD PETROS OOD ECO NET TELECOM GROUP OOD RUMEN SREDOV - RASKOM ET ROBOTILNICA EOOD NIKI PROJECT EOOD MICROCOMPLEX INTERNATIONAL OOD PATSIS UEB EOOD HUSA FAMA COM EOOD SONATA - KRISTI OOD MITECH OOD ITT NETWORKS AND SERVICES OOD EMDE SYSTEM EOOD KAVALA STUDIO EOOD VASTEK EOOD TRINIX DIGITAL EOOD DNP OOP OOD BEOTELA OOD BLEK SIY GEYMS EOOD EOOD IRIDA DESIGN OOD LINKOFFICE DATAS SAS - SUCCURSALE BULGARIE DANIIL ANG EOOD AZ SOFTWARE OOD GOLIAMATA MREJA OOD BRANCH BIONLINE EOOD DATA SOLUTIONS EOOD BASE PROBE EOOD KOMPAS BULGARIA OOD NOVI MARKETINGOVI KOMUNIKATSII EOOD I BET CONSULTING EOOD IBG SOFT EOOD LEXORO TECH EOOD DIES BALGARIYA OOD SYCON EOOD IGLU BULGARIA EOOD EOOD SPARTABOT OOD EL DI ZET EOOD ENTRIKO OOD INFO-TM OOD BODY DESIGN PLUS EOOD DREAMNET OOD ENTERTAINMENT MOBILE OOD QJ CONSULTING EOOD POINT LIST EOOD HELOU HANGRI AD PROZERO OOD DIGITAL SYSTEMS OOD KORTREK EOOD SOFTUNI OOD OOD ATANAS STOYCHEV ET BOYLINGMATTAR EOOD NENOVI SOFT EOOD COMPUTER ART MEDIA EOOD CERB VIBRO HEALTH EOOD DAVIDOV ELEKTRIK EOOD APPS COLLIDER OOD MOREBITS EOOD AKB CONSULT EOOD BLUBIT OOD OOD ENIGMA PRIM EOOD KOMSIS-2000 - KAMENOV - MAKAVEEV I SIE GP RB SOFIA EOOD ALFABIT OOD ARIEL I KODAT NA USPEHA EOOD EOOD INNOKLAI EOOD BREYN SOFT EOOD COMSOFT OOD X - DOMINO CONSULTING EOOD CODIFIC OOD GEOMATICS EOOD LINK OOD NETKOM SOLYUSHANS EOOD PRIM 41 OOD INASENT EOOD ROS SYSTEMS OOD TETRA GAMMA EOOD IMA MARKETING EOOD JOLLA EOOD LIPCHEV STUDIO EOOD NIID AY TI OOD ES SI EYCH KLUB EOOD EOOD NISET SOFTUERNI TEHNOLOGII EOOD PEY END KO GRUP AD DEYZI KAMPANI EOOD PARACOM EOOD DZHARVIS OOD OOD CL PARTNER EOOD APENDZHIN EOOD VIDIKOM 7 EOOD BLU HUNTER S EOOD LOVE PLOVDIV OOD SMARTTEH EOOD PADIS OOD AKTIV-SOFT OOD INNOCITY EOOD ABBATY AD EGEOO OOD DEKAOS GRUP EOOD M ONLAYN EOOD IPMT OOD GENSOFT EOOD GEOSERVICES EOOD INFORMATIQUE OOD CODE SIGN EOOD RSTE EOOD NET3X OOD QUANTUM-NEURAL EOOD BIOIDENTIK OOD LYCHEE GROUP EOOD ISOBAR COMMERCE EOOD LANMAX NET OOD VEGA - RG OOD SISTEM SOFT OOD N TERO OOD WEBCAD EOOD EVROBROKER TREYD EOOD ESOF NET OOD TSYS EOOD SANOMA OOD OOD YUDZHIYN OOD UE GRANIT TREYD EOOD RECONECT EOOD WEB IMPRESSION EOOD BASHLLARI ALFRED EOOD BONIKA ENGINEERING OOD ZENLIME EOOD MOCKINGJAY EOOD HOTSPOT-19 EOOD SKAYNET BG 1 EOOD ALNI ELEKTRONIKS EOOD PROMOSHANAL GEYMS EOOD BG SISTEMNA INTEGRATSIA DZZD GLUCKIT OOD GTL BULGARIA EOOD EOOD AYKIDESK OOD ON-ED OOD IVAN VESELINOV - ID-SISTEMI ET IT RODI EOOD MEDITSINSKI TSENTAR MEDIKUS EOOD FRONTSTEP EOOD CREATIVE DESIGN EOOD K WEB DEV EOOD LABIRINT 05 EOOD DIMONA 2018 EOOD VISOFT - VALENTIN YANKABAKOV ET ZINC ADS EOOD SAP BULGARIA EOOD REGULUS SARVISIZ EOOD POLARIS - PLAMEN DIMITROV ET DIGITALVOIVODE EOOD SOFTWARE PRODUCT GROUP EOOD LIA BG OOD ITEMA-V EOOD BIZNES GRUP KONTAKT EOOD ANT RESEARCH TEHNOLOGIES OOD YOU + WE OOD WIZCODE EOOD TI EN DI SOFT EOOD ARIONGRUP EOOD GIGANET EOOD TSEKOV NET EOOD PLADI KOMPYUTARS OOD NOV SAIT EOOD EFFECT GROUP OOD DEVELATED EOOD FORCE ELECTRONICS EOOD SKAKAUETS OOD RNG SOLUTIONS EOOD SPRINT NET EOOD SOULBIT EOOD OUTQUANT EASTERN EUROPE EOOD AGKA TREYDING OOD FLEXIS EOOD FDT GROUP EOOD MIKRAMIKS OOD SCALEFLEX EOOD LADGER OOD KOMPAS - DOBRINKA STOYNOVA ET SHARKOM EOOD REZISTENTSA OOD LINKSPOT EOOD 18 SeeNews Industry Report

INDEX BULGARIA OOD ADVANSED.AYO EOOD MIKROSATEKS EOOD KIMA INZHENERING EOOD ADISS LAB OOD APPZIO OOD D & D - 11 OOD KHAN CONSULT EOOD AKVAVE CHAPKANOV S IE SD ARGOTRONIK - ANGEL APOSTOLOV ET LOOPINK EOOD INDUSTRIALNA ELEKTRONIKA CO OOD ALYSEUS EOOD NYU LAYN SARVIS EOOD NINJA BERRIES EOOD SOFIANET EOOD C T EUROPE OOD ADVANCED SECURITY EUROPE EOOD K2 AY TI KONSULTING EOOD IT MANIA EOOD DIGIMEL OOD OOD FULLMASTERS EOOD HOSTING UEL DAN EOOD MAGNETARSOFT EOOD INTERIT EOOD ZDRAVKO GABROVSKI EOOD YOCHEVI TECHNOLOGIES OOD TOLERANT INFORMATSIONNI TEHNOLOGII EOOD SCRIPTOR OOD ADIS G KONSULT EOOD YUNIVARSAL TREYD GRUP EOOD EOOD FIREGARD EOOD AYVIEL SOFT EOOD MOTIVO LABS EOOD DIOGENES CO EOOD GUDASOFT EOOD ALFA POYNT EOOD PROSOFT STUDIO OOD GM WEBS OOD ALIENS TECH EOOD DYNAMO SOFTWARE BULGARIA EOOD RISKOM OOD KONTENT APPS EOOD WEBRIK EOOD DEVLEGION EOOD HISPANIA EOOD INSHURALIS EOOD EDK - EVGENI KIRILOV ET SOLITA EOOD REFLECT STUDIO EOOD GLOBOSOFT EOOD WEB BAMBOO OOD INFORMA AUTOMOTIV EOOD ZOD BG EOOD TOTALK OOD UPGRADE BUREAU EOOD OBEDINENIE AMEPRO MISTRAL SOFTWARE EOOD INTERACTAGE EOOD VARNA BROUDKAST SISTEMS EOOD SMART DIGITAL SOLUTIONS EOOD DZHI DI BI SOL AD MS GROUP 2008 OOD STREAMLINE DESIGN OOD BULBERK KONSULT EOOD CONGRESS ENGINEERING OPLTD EOOD KONSULTPROEKT EOOD MARFUSE EOOD ALKOR SOFT EOOD ATIA EOOD KUIN INDUSTRI EOOD YATANSKI OOD PEPITREID EOOD GO 60 EOOD MKK INVEST OOD PRESIZHAN EOOD BRAINZ I EOOD MN CONSULT EOOD XL SYSTEMS EOOD LORA ILCHEVA ILCHEVA NAYS RENT EOOD DIZAIN BG EOOD SAT EXPERT EOOD BIG BANG WEB EOOD XENIUM OOD EASYADS EOOD AYDENTRIKS OOD RODE EOOD ANTONOV 79 EOOD VAST AY OOD LIVOTOV LABS OOD INSIDEOUT BG EOOD GARRON CONSULTING EOOD INFINITI AY DI OOD NITRO BITE EOOD SBTECH (GLOBAL) LIMITED - SUBSIDIARY BULGARIA BRANCH PRIM - VT OOD DEVSHARD EOOD SI ES BI ES OOD PLAYADES EOOD KLAUDSIGMA EOOD VIDEO TECHNOLOGIES OOD DINAMIK - D EOOD DYUMAK EOOD KEAGAN SOLUTIONS EOOD MIKROTRONIK EOOD BAYT EOOD RIT - VN EOOD SEGA BLACK SEA EOOD INDUSTRIAL SYSTEMS & HOME AUTOMATION MN MOBILE OOD OOD SMILE 73 OOD ELF SOFTUER OOD AR VI EY EOOD INTEGRAL-SIS EOOD IT BULGARIA OOD ABICON TRADE OOD A V S T OOD INOSOFT OOD HARRIS BBG EOOD HIPERMARKET EOOD OTINK EOOD SAPIENS KONSULTANSI EOOD MARKIS 99 OOD S I TRADE OOD VENI DI OOD ALPHA ESSENTIALS EOOD INTERDIGITAL EOOD AVS INVEST EOOD UEB7 EOOD FATE PAKETO EOOD DAYNAMIK PARSPEKTIV EOOD RASCATTAS PRODUCTION EOOD SETELIS LABS OOD DMT INTERNATIONAL COMMERCE AND LENIKS 08 EOOD ITM BULGARIA EOOD AIMS TECH OOD TRADING EOOD KINESTIKA OOD WEB VENTURE OOD ZERO DAY EOOD DZZD AY ES OU PERFEKT SOFT EKSPERT EOOD INTECH GROUP EOOD EUROSOFT PARTNERS EOOD AIK SYSTEMS EOOD GYUZELOV EOOD MEYL EOOD START-STE - ZHIVOMIR STEFANOV ET AXL SOFT EOOD YORDAN YORDANOV - NAVIGATOR ET STS SOFT AD GMV GROUP OOD MINA EOOD ALEXANDER GROZEV CONSULTING EOOD VENETA TODOROVA ET FOLAUT OOD SHARP SERVICES EOOD PC SERVICES OOD MDZHI KONSULTING EOOD INNATE TECHNOLOGIES EOOD ENTEHEKO BG OOD AES BULGARIA EOOD AQUA MAIL EOOD PARIPLAY BULGARIA EOOD ITS LOGIC EOOD SIAS OOD MOBARTS EOOD DENTRINO SYSTEMS EOOD KICKFLIP OOD DTAF ELECTRONICS EOOD ZIBUM EOOD BREYN HAB OOD LOGICLAB EOOD SNAPSHOT GAMES SOFIA EOOD ORAK INZHENERING EOOD BUSINESS - CATALOG EOOD AKAT TECHNOLOGIES OOD UAN BULGARIA EOOD I - CONSULT EOOD GRUPO MEDIA OOD HUBU EOOD IES EOOD SAPIENT EOOD NET FOCUS EOOD DEVSMART EOOD OSRAM LAYTING EOOD OFISBAYBALGERIYA EOOD LINUX MOBILE EOOD ILIA MATOV - MAIL PLUS ET VORTECH EOOD POINT STUDIO M EOOD KOREKT KONSULT - IC OOD WEBIORR EOOD PEGMA GROUP OOD TN - 2017 EOOD LUBOSOFT - KARNOBAT EOOD SOLIX EOOD PREDICTA ANALYTICS FOR DECISION MAKING REAL TIME GAMES DEVELOPMENT EOOD UAN MEN STAN EOOD CONSULTISSIMO - GLOBAL LP KD EOOD VENEDI NET EOOD MOROLA - OGNYAN FILIPOV ET EFEKTIVNI SOFTUERNI SISTEMI EOOD NET EFEKT OOD OOD EKLEFT BULGARIA EOOD RINET PLUS EOOD M 2 DESIGN EOOD TOP INOVEYSHAN EOOD BIG DATA EOOD SISTEMS 159 EOOD KALISTO ADRIATIK EOOD WEBTRIK EOOD AMRON SOFT EOOD A I 2017 EOOD CONNECT ME EOOD ARTEC ROBOTICS EOOD EHS CONSULTING BG EOOD MULTITEH INZHENERING EOOD EOOD BLUBITO EOOD TRAST KAPITAL EOOD I TRAINING EOOD FORSETI EOOD TMD-IT EOOD BLAGO SOFT EOOD HABANERO SYSTEMS EOOD HI COMPUTERS EOOD SAROSIS OOD MAMBA INTERNESHANAL EOOD EOOD SDT 11 OOD SIGMA ELEKTRONIKS EOOD ACCENTURE BULGARIA EOOD ENTRO SOLUTIONS EOOD IT DIGITAL SOLUTIONS EOOD STOYANOV SOFT 2012 EOOD TORUS SOFT EOOD EOOD SINGULARIS EOOD B SOLUTIONS EOOD CABLE KONSULT EOOD PRIME WEB STUDIO EOOD ONYX 3 EOOD UNISOFT OOD DZZD OBEDINENIE SKEYL FOKUS PLYUS WEB TECHNOLOGY OOD PEY SOFT OOD SIKAMORE I SIE OOD REAL SERVIZ 6 EOOD REBOOT EOOD DZHI 8 KAMPANI EOOD EOOD HOSTOPIA BULGARIA EOOD ICCURACY GROUP OOD SCIANT AD WEB MARKETING ONLINE EOOD EXPERTA OOD PLAN VISION OOD KVABA EOOD IT BUDDIES EOOD KASOFIS EOOD 19 SeeNews Industry Report

RISK ELECTRONIC OOD KONSORTSIUM SIGURNI GRANITSI TELESEK DZZD NI KOM OOD GROZDEV - PLAMEN GROZDEV ET KOJTO OOD KAMELOT BULGARIA EOOD CALL FACTORY EOOD LEO PROGRAMMING EOOD NET-KANEKSHAN EOOD STYLECOM EOOD DIGISFERA EOOD KATRIKS OOD SYSTEM SOLUTIONS EOOD ROBOPARTANS V EOOD SISTEM - ELEKTRONIK EOOD INTERSOFT BULGARIA EOOD ITR SERVICES EOOD SIAMED EOOD THE THREE EOOD ASU KOTOVA SOFT OOD SOFIYA SOLYUSHANS OOD CENTRAL OPERATIONS MANAGEMENT EOOD NETWORK DRIVE EOOD SOLUTIONSB IT EOOD BAHTCHEVANOV EOOD KENOBI SOFT OOD BBO EOOD PETSOFT EOOD PSIT - VARNA OOD DAXY BULGARIA EOOD DUTCH ROCKS INVESTMENTS EOOD NETBG CONSULTING EOOD REZ SOFT EOOD LINKCITY OOD GALATEA-GALINA SAVOVA EOOD ENERGETIKA KONSULT EOOD AKAT CYBER SECURITY OOD TWIZIO EOOD IT ASSET MANAGEMENT OOD DESCODE EOOD GETSET DEVELOPMENT EOOD TOPSOFT & CO SD ABC MARKETING EOOD ROU KYUB OOD OOD DENARIUS EOOD VG 1992 EOOD SMART THRAX EOOD E-TRADE 2016 EOOD BALGARSKI VINOPROIZVODITELI OOD LOTOS SOLYUSHANS EOOD CITYTECH INC OOD FINANCIAL CONSULTING COMPANY VITES EOOD EAST-WEST SOFTCONSULT PARTNERS EOOD EKOMTEH AD VIAMIRA EOOD FINIKO GROUP EOOD TEH BG EOOD TELETRONIC OOD SIKUAL TEH EOOD ADAMANTA EOOD APP FACTORY OOD SIST DEYTA EOOD EOOD HAT 2008 EOOD AVISKO EOOD LINTRIS EOOD NIPEBA SOFT EOOD NEXT BEST EOOD HAYP BIZNES GRUP EOOD OASIS ONLINE ADVERTISEMENT EOOD SERVER STORAGE SOLUTIONS BULGARIA OOD LEGALTREK AD SOFIA TECH EXPORT EOOD LONG SNEYL EOOD HAOS GRUP OOD DA SAVI TIYM OOD OOD SMART INVESTMENT BULGARIA EOOD KOMBALSAT OOD LUNATEKH SOFTUER OOD YEPSI EAD BIOSKAN EOOD BTECHCONSULT EOOD KEEWE CO EOOD DOMAZA OOD CHEKYETI OOD COMPUTER ACADEMY OOD KANDIDATBG EOOD EKLEKTICA OOD GORDEEV SOFT EOOD INENSIA OOD UEB MASTER 2016 EOOD YP FIBRE OPTIC SOLUTIONS EOOD INFOKASKO EOOD MEGASOFT PRO EOOD KONTE SHOP EOOD TEVLAKO OOD INFOKOM - DINKO STOYANOV ET ZONE PROJECTS OOD SCIENTIA SOLUTIONS EOOD MOTIVIAN EOOD MAKROSISTEMI OOD GERMAN 2017 EOOD EOOD 3GRT EOOD BALKAN INTERNET EXCHANGE OOD ZINDO EOOD TWELV GROUP EOOD PRECISE CONSULT EOOD TRAINAREA EOOD INFINNO OOD ANIMO TEHNOLOGES EOOD PROMETEUS INZHENERING - KIRANOV I S-IE GP E-SOLVE EOOD CODIX BULGARIA EAD MIGHTY DEV EOOD EYT INVESTMANTS EOOD TIXI AD SMART BUILDING TECHNOLOGIES OOD DITRASOFT EOOD LOT BULGARIA OOD AVENTURA TECHNOLOGIES OOD MEDITRINA EOOD SEMIKOLON EOOD ITERAFLOW OOD RADOSNED EOOD SERDIKA ITK EOOD LA FIT TRANS OOD PSP COMPUTERS OOD RESTART – YORDAN YOSIFOV ET NIKA ZON OOD STEP-SOFT OOD GRAND SISTEMS OOD VOKSNET EOOD EKZOKOD EOOD EOOD GRUP NUMERIKS EOOD PRO REPORT EOOD EOOD SOFIT MAYNDS EOOD YANIYN EOOD MIHAYLOV KOMPOZITING EOOD KONTROL MP EOOD KONTENT 360 EOOD ENLAPSE TECHNOLOGY EOOD SMART X MEDIA EOOD EVA CAD EOOD BILEVSOFT EOOD NETRIX WORLDWIDE EOOD ICONNECT OOD GLOBAL IT TECHNOLOGIES EOOD SIMBOL MEDIA GRUP OOD KERNEL MODE EOOD ZAMEN BG EOOD MIHAIL MUHLOV ET SWIFT TECHNOLOGY SERVICES (STS) BULGARIA ROXWAY EOOD OOD TECHNOLOGY SOLUTIONS OOD MAXNET ENTERPRISES EOOD DIGITAL VISION OOD VADIKOM WEB EOOD ANDRIUS PETROSIUS EOOD MONT MEDIA EOOD TELEPAKS BULGARIA EOOD DACOMS DG OOD DEV LABS EOOD DEKRID EOOD TRUSTSOFT EOOD CONTIPSO OOD REVOX OOD DIDZHITEM EOOD DATA PRIM OOD BLACK BEAR DEVELOPMENT EOOD FAR AD TECHLAND BG EOOD VIKING INFO EOOD YANMARK 2002 EOOD BUSINESS TECHNOLOGY SERVICES EAD IT PARTNER CONSULT EOOD OMEGASOFT OOD VIDEO ACADEMY EOOD NUVIZUS - STAYU KASABOV ET SAIT BG COM EOOD MAKSUEB EOOD GOBISOFT EOOD REMOTE SUPPORT EOOD SUMIT EOOD ROUT75 OOD VUVIRT EOOD A+ TEHNOLOGII OOD INTERNEWS 98 OOD HASH DEYTA SISTEMS EOOD SEYLS ON TAP EOOD 5 AM OOD ELBACOM EOOD METRILO OOD GAMELOFT BULGARIA EOOD OPTIRAN OOD INFO SERVICE EOOD UPNHIGH SOLUTIONS EOOD DRUZHESTVO PO ZZD SIRMA DIABOLO MENTHE EOOD RILA SOLUTIONS EAD DIGIKOM PLYUS EOOD FORMENN BULGARIA EOOD NOTESOFT GROUP EOOD UITLODZHIK EOOD YABOLKA OOD AY PI SEK EOOD NAKEREBANARIMASEN EOOD BRAND 180 EOOD MELLON WEB WORKS EOOD INDRA SISTEMAS S.A. KLON BRANCH ENIGMA SOFTWARE GROUP BULGARIA EOOD BULSOFT KONSULTING EOOD EOOD EGT INTERACTIVE EOOD ELIT SAT NET OOD SPARK VISION AB - BULGARIA BRANCH KCHT EN DI DZHEY KONSULTING EOOD BISOFT EOOD ECO VIKIS OOD SEVAN DEYS REKRUTING OOD OOD SOLV SOFTWARE EOOD DREAMTECK EOOD VINE CONSULTING GMBH EOOD JS CODING EOOD CONQUEX OOD KOMPEKS ELEKTRONIKS OOD ANTONINA GARGOVA ET SEMATIGO OOD DZZD LIREKS-TOPIKA DRUZHESSTVO PO ZZD ALERA MAY ZOUN EOOD IHBG EOOD R SOFT EOOD BODEKA SERVIS OOD DZHEY END DZHI GLOBAL SARVISES EOOD RUMENEX IN OOD ISKAR LABS EOOD SEDBASE OOD DIDISOFT INC EOOD ENIAK OOD EXELIORA EOOD SHEYTANOV INOVEYSHAN KAMPANI EOOD BEK2GEYM EOOD INFODONI OOD PISIFIKS EOOD EOOD DIAPRO OOD KLIARUEAR OOD SEG EOOD COMFIX SERVICES EOOD FALCON.IO EOOD FORTIS GLOBAL EOOD S & M CONSULTING OOD BIZNES MREZHI EOOD COMPUTER DOCTORS EOOD ITRADE BULGARIA OOD IT INNOVATIONS INTERNATIONAL EOOD GRAND 81 OOD SAAS EOOD RIV OOD LASKLA EOOD PERFEKT PLYUS EOOD ODEON-CONSTANZA EOOD NIKA EXPORT 8 EOOD 20 SeeNews Industry Report

TRAFFIC FOX EOOD EM DZHEY TI SARVIS EOOD RUSHMORE DIGITAL EOOD KALICA DESIGN EOOD DZZD RAPIDSOFT SCORTEL OOD HRISTO ANASTASOV - AYA ET TANDER AUTOTEK EOOD CRO EFFECT BULGARIA EOOD PLAMEN BOGDANOV - B I B 67 ET METHODIA AD DA VINCHI BULGARIA EOOD EOOD BULL WEB EOOD CODE NEST OOD VM-ALBERT ROMANOV ET BEYS-2005 OOD GAMA EOOD VIVANSA OOD ESHTA (BULGARIA) EOOD MODERATECH OOD TCHILEV EOOD VICESOFT EOOD BITART EOOD BLACK BOX PARTNERS OOD BIAS KONSULT OOD SILVIA GROUP EOOD JOHNNY COMPANY EOOD VAL BOW EOOD RM - GALAXY EOOD GLOBAL SIS EOOD PRIZMA 66 OOD IREPAIR EOOD VASMAN BG EOOD MAY TREND OOD DZHI END VI ELEKTRONIKS OOD OOD BIRLIBAM OOD NETLAN INFORMATION TECHNOLOGIES EOOD BUSINESS NAVIGATOR EOOD WESTON DIGITAL TECHNOLOGIES BULGARIA DZHIKYU SOLYUSHANS 81 EOOD OOD RCT EOOD YETI CONSULTING EOOD WEB TRADE EOOD ALPHAKIT EOOD EASY STAT EOOD IGNIS MEDIYA EOOD SATELIT EOOD COMTECH SYSTEMS EOOD APP STREAMS EOOD ITRENE EOOD VISOFT 2 OOD CREATIVEG EOOD SOFIA MARIN EOOD TELENSO EOOD GAMA SOFT - VASIL BARAKOV ET KONSULKO OOD ANES-ANALIZI, OBRAZOVANIE I PODKREPA OOD POK SEYLS END MARKETING EOOD ROSITSA GETSOVA ET QUALIFAST OOD EMVAYN OOD DEVALEKS KONSULT EOOD SCS CONSULTING EOOD AGENTSIYA PRINTSOFT EOOD RETRO IDEYA OOD I THREE T EOOD WEBNORTH EOOD POLITEH EOOD ALEKSANDRA BK KONSULT EOOD AOSSIA BULGARIA EAD CATALYTIC SOFTWARE EOOD GLOBAL SPED EOOD SI TI SISTEMS EOOD QUENIT OOD GTS AUTOMATION EOOD BURO 12 EOOD ZEN SOFT EOOD EOOD NOU - HAU FOR RENT OOD - VELIKOBRITANIYA NSS CONSULT EOOD ALPHA VISION EOOD OPCO SYS OOD I LAB EOOD TAYGATA EOOD ZAEDNO ZA UTRE EOOD ADVENTO EOOD GEC BG EOOD LATONA DEVELOPMENT OOD AFM ONLINE EOOD VI SOFT EOOD SAMSON EOOD NEW BANK TECHNOLOGIES EOOD MAY DRIYM DZHOB EOOD ROBOTIC OOD EYCH DIDZHITAL EOOD SILDEKS EAD EMBEDLYNX OOD INTERNET MARKET SOLUTIONS EOOD CLARITY SOFTWARE CONSULT EOOD DORADA OOD BELAYER OOD SMART BUSINESS SOFT OOD PVB EOOD VARIANT-NUCHEVA I S-IE GP NOVAMED FARMA EOOD DAZZLE WORK EOOD QUANTUM STUDIOS EOOD BIOSIYK AD AD TIMSOFT - IVAN GERENSKI ET NEBOSYSTEMS EOOD KONSORTSIUM MATERNA SISTEM DZZD PAY FLY EOOD KPMG IT SERVICE OOD TASAT OOD LAVIDA INTERNESHANAL EOOD SN-SISTEMS EOOD NOVOTIKA SOLAR OOD INNOVUS EOOD BG MANAGERS EOOD REDSOFT EOOD BPO CONSULTING EOOD AKSELEREYTID VI EN EF NETUARKS AD MIGITO PETROVA OOD EURO CONSEPT EOOD TECHNO- ART BG EOOD SOFTAKAD OOD COCA-COLA HELLENIC IT SERVICES EOOD AY TI SISTEMS KONSULT EOOD PRO SMART OOD MONCHEV EOOD EMKYATEC EOOD XCORE IT EOOD GLADSTONE EOOD SMART SOFTWARE SYSTEMS EOOD LA REDITA OOD OOD BAGRA.KOM EOOD DIBO-DIANA TOCHEVA EOOD ALEKSANDAR DERMENZHI ET ET YPH ING EOOD ELIGE EOOD HAZENBERG INVESTMENTS EOOD NOYCE CONSULTING EOOD CASTALIS OOD TEAZHEN OOD COURSE DOT OOD OIL PROCESSING COMPANY EAST BALKANS BALKAN SERVICES OOD FUTURE STANDARDS EOOD EOOD ANITEL OOD CREATICA OOD FAYAR AD KIMRAX CREEK OOD RANKOM-91 OOD LEADERDEV EOOD MIKROPROTSESORNI USTROYSTVA I SISTEMI ZA ART TEHNOLADZHIS OOD MOBIL KONSULT - BULGARIA EOOD TRANSPORTA MUSAT AD SWORDFISH SECURITY OOD PAUARSIS EOOD STS INVEST HOLDING AD SMART INNOVATIVE TECHNOLOGIES EOOD SISTEM MENIDZHMANT EOOD DATAKOR EOOD TMM KONSULT IT EOOD SEANERGIX EOOD E-SAR OOD QOOB EOOD IT DEV PRO EOOD ARTE PROPARTI EOOD GIK - N EOOD CREATORS BULGARIA EOOD OPTIC OM - BULGARIA EOOD TREOSIS OOD AFTERGROUP EOOD RISK ASSETS OOD CELLUM BULGARIA AD INFORMATION SYSTEMS EOOD ROSEVAR OOD QA AGILE OOD BEL EOOD AY SI EM BULGARIA EOOD HAYCAD INFOTECH OOD NORTSTAR INVEST EOOD EOOD UARK SMART EOOD EOOD MODULAN EOOD IMARDZHANTDEYTA EOOD EOOD PROFORDZH EOOD POS INTEGRATOR OOD ADVANST KAMPYUTAR NOLIDZH OOD ON DEMAND EOOD WEBIZ EOOD BTS OOD ALGOL EOOD DG CONSULT EOOD VATO SOFT OOD ORPAK BULGARIA EOOD DIGITAL MEYNTENANS EOOD MAVERICK SOLUTIONS EOOD SUPPORT SERVICE EOOD BALKANPLAN EOOD 4 SYS CONSULTING OOD S KOMERS KAMPANI EOOD ARIS SOFT EOOD FILIAR EOOD D G MARKETING OOD PL CONTROL EOOD MSI 7 EOOD PRIME DIVISION EOOD MEYNSIS GRUP EOOD TRASTTRANS OOD VIARITI OOD FINANSOVI INFORMATSIONNI SISTEMI I EKSODAS OOD INERPS OOD TEHNOLOGII EOOD MEM MICRO EOOD SIB CONSULT OOD BIZNES SOFTUER KONSULT SOFIYA OOD MAX MEDIA BG EOOD IZEA EOOD BERNCON BG EOOD CUTOBI AUTOMATION EOOD „SLIYPSHOP” EAD INTERNESHANAL MARKETPLEYS EOOD EOOD SCALE WEST EOOD BUSINESS SERVICES AND TECHNOLOGIES OOD ESHA CONSULT OOD KOKOFARM OOD BLINKINK OOD RODOPI BG NET OOD S S D OOD GELESOFT EOOD SHAPATA OOD OOD V6 HORIZONS OOD ONE CARD EOOD INTERNET RESHENIA EOOD YUBITSOFT EOOD ETERRA SISTEMS OOD SHOPMETRICS EUROPE OOD KVAZAR SOLYUSHANS OOD SOFTUERNA KOMPANIA EOOD PI ES PI YURAP EOOD EOOD TEMPUS 2000 OOD KOOP INFORMATSIONNI TEHNOLOGII DISTINCT SOLUTIONS OOD ALBENA GELEVA EOOD PITAGOR OOD QUBE BG EOOD MAYPRINT EOOD ABIS EOOD UEB LABORATORI EOOD EOOD ROCK & JAZZ OOD RAVENA OOD AVENTIO SYSTEMS EOOD SOFTG EOOD EUROBG SOFTWARE EOOD CODE CODA EOOD META AYDIAS EOOD SYSCONT OOD TECHOREX EOOD NETFLOU EOOD 21 SeeNews Industry Report

EASY SYSTEMS EOOD LAZARUS - LAZAR PANTELEEV ET PUHALEV-KONSULT - ATANAS PUHALEV ET NERACOM EOOD TREYDING HAB EOOD EOOD DOSSEV&CO KOOP. OMNISYS OOD KLAUDRISK LIMITED BRAIV EOOD PEIBEK EOOD BTEFULCONSULT EOOD DEVELOTICA EOOD BUSINESS SOFTWARE SUPPORT EOOD PIRIN KOM EOOD AKRISTO EOOD BITCOMS EOOD DZHENERAL OPSHANS EOOD EXPERIAN BULGARIA EAD DIMITAR DIMITROV-66 ET INFO TRADE EOOD PROGRAMMING SOLUTIONS EOOD 3034 KONSULT EOOD EXETLOS SOFT EOOD RETKOM EOOD BETA MANAGEMENT EOOD GRIFIN OOD MARAZOV EOOD EOOD DEZHA KRIEYTIV EOOD SHOPFILES EOOD SKYCODE OOD FENK EOOD WEB SOLUTIONS OOD GRIFONI SMAK MEDIYA EOOD SHARP ZONE EOOD TD INTERAKTIV OOD MACROLINK OOD XCOM EOOD INFO 96 - ELENA TANEVA ET SATIA LLC OOD NIKRAS DIZAYN EOOD SCOZY-17 EOOD APIHAWK OOD HOSTILA EAD BODEO EOOD ASPECTRUM OOD IZY CONS-A OOD SOFT BEL EOOD SPS COMPLEX EOOD AUGITEC EOOD LEONARDO BOLKANS OOD OOD EXPERT NOVA EOOD ALISA BG EOOD MULTITEH 777 EOOD KINDLINK OOD SKYCOM EOOD R SOFT EOOD SHTRACK BG EOOD BULGABEL INVEST EOOD PROKSIMA - TSVETAN TSVETANOV ET REDKNEE BULGARIA EOOD TDS DEVELOPER EOOD MOBIS OOD KOPRIKS MEDIYA BG OOD BIA - BUSINESS INTEGRATION AND DARU GRUP EOOD DO BG EOOD DYNAMIC SOLUTIONS OOD AUTOMATION EOOD BOUVARDIA EOOD TIMADI EOOD ZETTEH EOOD BG HOME ANELS PARPALBIARD EOOD IIS INTERNATIONAL INFORMATION SYSTEMS OLEG TIMCHENKO ET INKER OOD EOOD MY DEV EXPERT OOD SHORTCUT SOLUTIONS EOOD EXPERT VISION OOD ANIRA BULGARIA EOOD EOOD AP KINGS OOD JELLY STUDIO OOD OSTSEOLA SVD EOOD ODRIS OOD VEIDI EOOD DIVIAS OOD TECHSOL EOOD DZHI DI AR SISTEMS EOOD CHILI MARKETING OOD NETUARK INVENT EOOD AT INITIO EOOD POLIMEDIA OOD IT CONTROL LLC EOOD SEVEN SPIKES OOD KALINKA TECHNOLOGY EOOD UEB SKAY EOOD START UEB AUTSORSING EOOD FENKOD EOOD DIGITAL TIME SAVERS EOOD SYLVIA ZAREVA EDITING EOOD IMILEX INJENERING OOD TELECOMP EOOD BAUMIST OOD LINK KONSULTING EOOD DUNAV SOFT EOOD EOOD DM FUNDS OOD OKYANUS GROUP BULGARIA EOOD KO-MAT - ANKA YANKOVA ET BANOV EOOD IVI TECHNOLOGIES EOOD MPLAZA EOOD EMPAUARING EOOD CODIXIS BULGARIA OOD PULLCAB LLC EOOD PROCONVERSION SOFTWARE EOOD SYNFORMA EOOD STANIMIR STATEV EOOD INTEUEKT EOOD NOTOLYTIX OOD TRIGONON DATA SERVICES EOOD MYUPLEKS EOOD MOTIVATIONGRID EOOD SENDKO EOOD APPMATE OOD ALEKSEY ATANASOV ET TIX BG D EOOD INKO - SYSTEMS - TAKEV I S-IE OOD DYNATA BULGARIA EOOD KRIKET - M I S - METODI GEORGIEV ET INFOART EOOD ETRIX OOD A-TEH OOD OOD DAEL M EOOD ABSART OOD TETRAKOM INTERAKTIVNI RESHENIA OOD TETRALINK BG EOOD MEDICOSERVICE-M OOD TRAYDZHET OOD OOD TECHFUSION OOD URAN KOMPANI OOD IKT ADVANS SALUSHANS EOOD EOOD AAM CONSULTING BULGARIA EOOD SVETLOZAR CHOLOV ET AY TI ES KAMPANI EOOD NIX BG EOOD MAMMOTHDB AD BIT DESIGN EOOD TP TRIMBLE DZHARMANI GMBH ASCI OOD UNIQA SOFTWARE - SERVICE BULGARIA EOOD TSENTROIDA EOOD DWARE OOD CELIGRA OOD KAZINO GEYM STARS EOOD ENTARCSYS EOOD EKSFORM OOD ASABAS EOOD DV PLEY BULGARIA EOOD EY EYCH DI SALYUSHANS EOOD SLIVEN NET OOD SUPREME-NET EOOD RIGEL - ISKUHI KIRKOROVA ET OBJECT HOPPER OOD JILANOV ONLINE EOOD STUDIO 12A EOOD CRAFT SOFT EOOD VP AGRO OOD VEDENA - INFORMATSIONNI SISTEMI I SITECO - BG OOD KAPITAL MG INTERNESHANAL EOOD RESHENIYA EOOD BL-SEARCH OOD IT CONSULTING BG EOOD SCANFORM EOOD KIBERGARD EOOD B LIFE INFORM EOOD DAIS - SOFTWARE ELECTRONICS & TRADE EOOD EKS LIBRIS-PETKO KODZHEYKOV ET EVROTREYD 2010 EOOD SHARP DIGITAL EOOD MONOIDEA EOOD BEST INTRISTS OOD KLASTERAYZ OOD BRAIN BROS MEDIA EOOD 1 WEB OOD GLOBAL IT SARVISIZ EOOD GBG DATA EOOD JOLIAX EOOD SLANCHEVI POLYA EOOD REKAVAR EOOD VIDEOBG NET OOD BEKGEMAN.INTERNESHANAL OOD OOD UEBMASTARS GR EOOD FULMINATIO EOOD KYU TEKNOLODZHI EOOD BE SELLER EOOD PIEYCHES EOOD EOOD SONKA EOOD EM TI ES KONSULT EOOD CIRCLES BULGARIA EOOD NSOLYUSHANS EOOD VEDDA LOC EOOD INDUSTRIAL MACHINERIES EOOD CONNECT TO YOU EOOD ONEQODE EOOD TIEF GLOBAL MARKETS AUST PITIUAY ELTIDI - KIIP IT AP OOD PC CARDIO TONIK OOD AVSTRALIYA CONSTRUCTIV PROJECT EOOD TELENIK OOD DOT NAV EOOD ASOFT - CHAVDAR NENCHEV EOOD FIFIGSOFT EOOD SIOCOM EOOD YAHTIKO EOOD TEYPRIKORDAR OOD UEB DIZAYN BULGARIA EOOD NARAND EOOD NETTACT EOOD ZLATIA EOOD EOOD PI ES LAB EOOD FOOD LOGISTICS PLATFORM AD SMARTCON EUROPE EOOD PETROFFSOFT EOOD SETUP.BG EOOD EXPLEO EOOD INFORIF EOOD CARROT SOLUTIONS OOD JETSPARK EOOD TAULIA BULGARIA EOOD POWER DRONE OOD ELIT SOFTWARE- VARNA EOOD IREN I CO EOOD EKS KODE EOOD ALPHA LUXURY HOMES EOOD COMMTECH M EOOD TECH EXPERTS EOOD VISION PRINT EOOD E MEDIA EOOD ZIKS SOFT EOOD EMS DIGITAL EOOD FIKSUMU SOFT EOOD GOOD MONDAY STUDIO OOD REBUS NETUARKS OOD DZHI EM KRIEYTIV EOOD KOMPYUTEL PLOVDIV OOD S I D CONSULTING EOOD FLORESCENT EOOD YANTRA-SOFT - KRASIMIR GEORGIEV ET SAYBUEAR OOD OOD MARVIK - MIHALEVI EOOD OPTIMA PARTNARS OOD KYODAI OOD PALAMIR EOOD LANDODZHO OOD CODE ELEMENTS EOOD GIM SOLUTIONS OOD LION TECHNOLOGIES EOOD DVETE + EOOD TOTEM 2013 EOOD 22 SeeNews Industry Report

BALGARSKA INTERNET KOMPANIYA EOOD LESS IS MORE EOOD SVESOFT EOOD ABEATUS EOOD PRIMA NET CONSULT EOOD COMSISTEMS OOD MILIAN GRUP EOOD EOOD DZZD OBEDINENIE MODEREN TRANSPORT CAR BG OOD HARBYS EOOD SVETLIN DIMOV EOOD MAZE LABS EOOD AUM KANSALTANSI EOOD BBS SOLYUSHANS OOD EVOCODING EOOD BUSOFT ENGINEERING AD IVINITY EOOD THE WEB PRESTIGE OOD CAPITAL SPORT EOOD YUVIKOM OOD DESPARK BULGARIA EOOD ES-MOUD EOOD PROKUANT EOOD EOOD TESS PARTNERS OOD VISTEON ELECTRONICS BULGARIA EOOD STYX SOLUTIONS EOOD DIDZHITAL IMEYDZH EOOD ES TU BULGARIA EAD AYBREYNT EOOD ABOLEON MEDIA EOOD TEAMLOOK OOD BEYS SOFT EOOD RDB EOOD ALFA MASHINEKS OOD SHIVA-1 - HRISTINA SHIVAROVA ET LABORATORIYA ZA ELEKTRONEN BIZNES EOOD SMART SYSTEMS GROUP EOOD VIRTUSTREAM BULGARIA EOOD VALIDATA DEVELOPMENT EOOD 4 DZHI AY TI KONSULTING EOOD NMDZHI BULGARIA EOOD IKOSOSFT OOD SUPERCONSULT OOD JJ SOFTWARE EOOD CHECKBOX EOOD METAPENTA SOFTWARE EOOD ENADV EOOD ALFA MAPS OOD LEMON TRADE EOOD YUNIVARS INSAYD YU EOOD SWITCHVOICE EOOD UPQUANT EOOD GAMESOFT OOD SMART TIYM SISTEM EOOD SISTIKO EOOD MARYNCHENKO EOOD IVANKA BOGDANTSALIEVA - 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MIT KO DIMITAR IVANOV ET ISPORTALS OOD KRUMATIC EOOD LIVESOLUTION EOOD ENDURA NETUARKS OOD ALTEKS INTERGLOBAL OOD UAYD VIZHANS EOOD DEVTRUE EOOD TAKTIX GROUP OOD BIG BOY 2001 EOOD IGNORABILIS OP EOOD INFO-M OOD EDELTA KAMPANI OOD NEMESIS SOFTWARE EOOD METHODIA WEB OOD YUPRES OOD USE - MEDIA OOD SEMIS OOD IT ENGINEERING EOOD DC SYSTEMS EOOD BANKTECO EOOD ALEON EOOD CREATIVE TECHNOLOGIES EOOD STUDIO T4 EOOD FERATEL DEVELOPMENT CENTER EOOD KAY PRODUCTIONS EOOD IT INVESTMENT AD UEB HIPS DZZD OPTO GEO SIS EOOD SMART LOGISTIC SOLUTIONS EOOD RED FLASK STUDIO EOOD TOUCH AWESOME EOOD GELETRON EOOD BLACK SEA DEVELOPMENT EOOD VERTINITY LABS EOOD OMEGA FINANS 2016 OOD OOD AMARIS TECHNOLOGIES GMBH -BULGARIA BSH OOD VELMAR SOFTWARE SOLUTIONS EOOD NYURAL BRADARS OOD BRANCH DSS ELECTRONICS EOOD DATACOM OOD KOPTO OOD IKOSOFT - LYUDMIL NIKOLOV ET FIRST M OOD AOD SOFTWARE EOOD INNEXYS CONSULTING AD BYV GAMES OOD ALGOS OOD TINK TEK OOD SIBIZ BULGARIA OOD WEBICON EOOD NINT EOOD MEMOME EOOD THECAMP LIMITED EOOD TRG EOOD BOYAN TURLAKOV - BOBO ET IPS 7 EOOD LUNA BLU EOOD UEST SOFT EOOD INFORMATION PRODUCTS OOD BAYKTAP OOD PROMATIKS BULGARIA EOOD EOOD EN PROEKT KONSULT EOOD SOFTIL - MARIYA TILEVA ET BROKER INS ONLINE OOD UPNETIX EAD AE SWEETS OOD C DOTS EOOD 256B SOFTWARE EOOD VEZO EOOD ERC EOOD PC CLINIC EOOD AUGUSTA - AMT OOD ARRIBA BULGARIA OOD NESSOR 19 EOOD SMART SOFT OOD SBAZIN TECHNOLOGIES EOOD BLUE VISION EOOD VLADA OOD KATOHIKA NEA INTERNESHANAL EOOD PROCESSFLOWS (UK) LIMITED - BRANCH LOZENET EOOD SEMANTIC INTERACTIVE OOD BULGARIA INFORMATSIONEN DIZAYN OOD CONVERSION UNIVERSE OOD MCH INTERNATSIONAL EOOD EOOD APPS BG EOOD TOP NET 2003 EOOD SIMPLEKS RABADZHIYSKA I S IE SD TISIS ELEKTRONIK EOOD DIGITAL HOUSE EOOD MARKOV AND MARKOV OOD INFO 2000 - ILONKA DIMITROVA ET AY EM ES KONSULT EOOD LINK BG OOD HOBLAYF INK SASHT APPLICATA OOD BIZHUTERSKA KASHTA VELMAR EOOD TRICIC EOOD SI RISK INNOVATIONS EOOD EXTRANET 2010 EOOD EURO WEB PAGE EOOD KOEV KONSULT EOOD CYBERDYNE SYSTEMS EOOD OPTINET ONLAYN EOOD DEVINITY EOOD PRESIDIO EOOD THTM OOD BABLEFIX EOOD DIGITAL DEVELOPMENTS EOOD BG-IT-SERVICE OOD FINATECH BULGARIA EOOD ALEKSANDAR GROZDANCHEV MK1 EOOD WPH EOOD MOBILNI INOVATSII AD ENEXTA EOOD TRADERNET BG EOOD ISCONA OOD DZZD STEMA SOFT HERON INVEST EOOD IGD SEKYURITI OOD DGM TEH SOLYUSHANS BG EOOD EOOD DZHI ES SOLYUSHANS EOOD BULPROS CONSULTING AD INFOSTATIX EOOD LEAP OOD MATIMA - SOFT EOOD KOLMOS KONSULTING EOOD ESENSHAL APS OOD INFOMATICS EOOD DOTFINITI EOOD DEV 2009 EOOD PESHKA DBA EOOD EIMPO EOOD INTERNET MARKETING EOOD KIRIGIR OOD SOURCE REALMS OOD BAIT OOD YUPITER SOFT EOOD KOMODO NET EOOD MOULDS DESIGN EOOD EPIKURAYUS LOGOS EOOD OKTO 88 EOOD ORKIDE VIP OOD OOD MIKROINVEST OOD GS DATA CENTRE TEHNICIAN EOOD PENTAGON INTERACTIVE EOOD IMA. BG EOOD SERDICA IT EOOD AT CONSULT EOOD SG SOFT EOOD OMEGA COMPUTERS OOD TR YAM EOOD INDIVEON EOOD KOSMOAGORA-EVST EOOD TELERIK ACADEMY OOD INNOLOGICA OOD SOFT SYSTEMS EOOD RATOLA INFORMATION TECHNOLOGIES EOOD TALOS IT EOOD MAT-DZHI EOOD SOFTUERNI SISTEMI - BULGARIA EOOD ART BG ENGINEERING EOOD S END V KONSULT EOOD PRESIDIO VENTURES EOOD SOFT ENTARPRAYZ EOOD EY END DZHI GRUP EOOD SKYNET GROUP EOOD EKS-OVEYSHAN BULGARIA EOOD KEMI77 - LYUBOMIR VELKOV ET SVEON BULGARIA EOOD BOAZA TEHNOLODZHI EOOD SIGMA EXPERT OOD GEO APPS EOOD NASOFT EOOD BELEAN EOOD INTERSOFT OOD INFODONI 1 EOOD PROFINET OOD KRUZ KOMERS EOOD METALAYF EOOD IT CONSULT EOOD SOFTEL 2014 OOD SOFTTWEAKS EOOD KODIDZHI EOOD KRASIDO - KRASIMIR DONEV ET DSP MEDIA GROUP EOOD TERRACAST EOOD DEXTRO RESEARCH OOD DZZD SIRMA - INTERKONSULT PERFECT-ENGINEERING EOOD HOOPS SOFTWARE EOOD B SOCIAL MEDIA EOOD ALX OOD JAN SERVICES EOOD OPTIMETRIK OOD CLOUD IT OOD INFOSISTEMS EYDZHANSI DZZD ALESIM EOOD IVTEX KONSULT EOOD ZANOVO EOOD INFLEX GROUP AD ENSYRON EOOD PRO STO EOOD ENGVIEW SYSTEMS SOFIA AD UNION INTERACTIVE OOD TRANSSOFT - VESELIN DASKALOV ET GOCE - NET OOD TOPIN - TOSHKO TOPALOV ET VIANET OOD BUSINESS TREND EOOD TINQIN D AD DIDZHITAL VIZHAN OOD EMSI SOFT OOD CONCEP SERVICES BULGARIA EOOD IRIS TEHNOLODZHIS EOOD PAKET SKEYL OOD LDS SALYUSHANS EOOD VIPE STUDIO EOOD HEWLETT-PACKARD GLOBAL DELIVERY BULGARIA SEP SARVIS EAD DEMETRA SOFT EOOD CENTER EOOD EMPORIUM UARLD EOOD EOOD DOXA TECHNOLOGIES EOOD SINEMATIK.BG EOOD CHECKFLOW EOOD S CONSULT BULGARIA OOD FORCE IFORMATION TECHNOLOGY EOOD AMEXY OOD BUSINESS DEFENCE INTERNATIONAL EOOD ADVIRSO EOOD MM SOFTWARE EOOD TEAM SO. OOD MODULAR SOFTWARE SYSTEMS OOD KOLONET OOD ZMEY RISARCH EOOD FABULA LIBRI OOD AL GOS-1 - RAYNA MARGITINA ET OKTIMA EOOD BLU11 OOD FAST.NET OOD VOKSLAN PROPARTIS EOOD GPRO OOD SKYLAB PRODUCTIONS EOOD I : FAO BULGARIA EOOD ZENIT EOOD KLAUEY EOOD ACSTRE E-SUPPORT EOOD ORBVOX EOOD OMNI UAN OOD DEVASOFT OOD PERFEKTOR OOD AVESTA-LYUBOMIR MLADENOV ET DES OOD KRIEYTIV AYDIAS EOOD HEYDEY SOFIYA EOOD EOOD ITS COM EOOD DRIYM SOLYUSHANS EOOD HRIS100 MAKSIMUS EOOD PLAYTIME EOOD 24 SeeNews Industry Report

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BULGARIA RESERVED EOOD HIDRA KORP OOD OOD EOOD SLIKA EOOD DATAMAX AD CARERA GROUP EOOD VELIDAN OOD TOP MARKETING OOD 25 SeeNews Industry Report

SMART INTERACTIVE EOOD RABUSH SOFT EOOD RUMEN SERTOV - RVS ET PROPAR TEH OOD NASTEH 77 EOOD LINK GR EOOD KEY DEVELOPMENT OOD TEMA SOLUTION EOOD IKODE EOOD GOMBA OOD FADASOFT EOOD OPEN SQL INFORMATION SOLUTION EOOD DXFACTORY OOD PISYSTEMS BULGARIA EOOD ORMAN KUZA EOOD OPTIC LINK EOOD MARSTI - PETYA SPASOVA ET R & R SERVICES EOOD BRANDKOM EOOD VIKSIS OOD MICROMEDIA EOOD VK CREATIVE OOD EMOBIS OOD DIGITAL SOLUTIONS COMPANY EOOD AVOS EOOD NEO VISION GROUP EOOD DASKALOV ENGINE RING OOD LOSYCO EOOD FRANTISHEKS EOOD PEYDZH UAN RANKING EOOD TEH KASAL EOOD EOOD BLU DOT TEHNOLODZHIS OOD OOD ROBO PRO EOOD DEA SOLUTIONS EOOD ISTAKO EOOD EOOD PERIOD EOOD FAYNENSHAL MARKETPLEYS AD AD EMBRYOMATIC EOOD NKK - NIKOLAY KONSTANTINOV ET CLARIMENS EOOD NOVI MOBILNI TEHNOLOGII OOD DZZD E-OBSHTINA VT MUSALA INOVATSII OOD SIDTECH OOD VIP SERVICES EOOD VELO ZONA 2014 EOOD KOVA IT EOOD TITAN - 9 EOOD MIGLENA SLAVOVA ET SUPER DEV EOOD XAXO CREATIONS OOD RIGEYN YOR PRAYVASI AD CODE FACTORY EOOD AMS SOFT OOD OOD ZHULIEN I HRISTO OOD ESDI CONSULTING EOOD METASOFT EOOD STATSOFT BULGARIA EOOD STANGA AD EN VI DZHI TEH EOOD ELF - VESELIN BENCHEV ET D§K FOTO EOOD MASTERASO EOOD EY TI PI SI AD GARAZH STARLETS OOD ENIKA EOOD INTERTON 1 EOOD BGSERVICE OOD PV ENERGY EOOD SYS CONSULTING OOD BRAVENS EOOD FANBOOSTER BG EOOD EVRONET BULGARIA EOOD 2 CREATE OOD FARO SOFTWARE EOOD RAGNAROK BG EOOD OMEGA TIM BULGARIA EOOD SN PRO CONSULT EOOD XTV EOOD EN SOFT EOOD PANACCESS BULGARIA EOOD REYBAR - GEORGI RIBARSKI ET KONGRES DZZD SEVEN COLOURS STUDIO EOOD 1 H OOD INTERMEDIA OOD ICE SOFT EOOD INTERPROG EOOD TATA UEB STUDIO EOOD KAY SOFT EOOD TRANSKOM - GRIGOR ZISOV ET F 8 EOOD DIGITAL PIRATES OOD EM SOFT EOOD CM2W AD INA SYSTEM BULGARIA EOOD TECHNOFY EOOD HABUARD OOD PROTSESEVO EOOD EOOD VASTICS EOOD CAD R&D CENTRE PROGRESS GROUP AD NET PLYUS BULGARIA EOOD CHEMICAL REGULATION SERVICES EOOD ABAC-2000-HRISTOVI S-IE SD FITIBO OOD RKP DOTNET EOOD SDRUZHENIE PRO SAPORT KLASTER NO DAUT ADVURTAIZING OOD KST STROY EOOD MV CONCEPT SARL OOD ALEAS BULGARIA OOD ELVIS.BG OOD TRAKIA ITK EOOD SAKAR NET EOOD GENICOM EOOD BATSIS EOOD TALBOT TRAVAL TEH UG PROVISION MEDIA GROUP OOD IMAGGA TECHNOLOGIES OOD DUOCELL EOOD FAST DIGITAL EOOD STARA ZAGORA COMPANY OOD SHIP EKS EOOD EOOD QUALISYST OOD UEBSOL OOD ATALAM EOOD EOOD TEMINA-2014 EOOD OBOD I KO OOD ADVANST KONSULTING EOOD TEHKOMKONSULT - STEFAN MITKOV ET RITEKS EOOD LSP SOFTUER EOOD MIXPERIENCE EOOD SEENTIC EOOD ENTTY EOOD DOMINION 777 EOOD GARTKOM EOOD ELIZIA EOOD ISS EOOD AGSK CONSULTING EOOD TONIKS EOOD ZAGOROV 2004 EOOD NEISE BUSINESS EOOD EMA-EVLOGI RUSEV ET ICYGEN OOD BN - ARTIN NIGOHOSYAN ET WISOFT BULGARIA EOOD ELIKSIR TEHNOLODZHIS EOOD EOOD DATA0101 EOOD INTERCAPITAL GROUP AD TI ES TI EOOD PROGITI EOOD SAIREKS EOOD NETART EOOD ITTS EOOD ASEMPLEY GRUP OOD FLAMIROS EOOD RITEK EOOD ATOM MUSIC AUDIO EOOD ASE TEH EOOD TONEGAN VARNA OOD HIM SOFT OOD SMART SOLYUSHANS EOOD APK PAVLIKYANOV EOOD RIAL SISTEMS OOD BONCHEV I S-IE GP MEDIA PLAY EOOD DIGITAL SYSTEMS LIMITED OOD INFOMATIKA EOOD SYNERGY TECHNICAL AUTOMATION EOOD BI DZHI LAYF OOD UNIKAST OOD SAPCARE EOOD DEKORI EOOD INTELKOM KOMPYUTARS OOD INTELITEST OOD OMISOFT EOOD TOP SEKYURITI END SERVIS EOOD EOOD AY RISARCH EOOD ELIT 79 EOOD KASHTA NA MADROSTTA EOOD CORPORACION SIBU ARA EOOD TIMA RAZVITIE SOFTUER EOOD CONSULTCOMMERCE OOD ATA-CONSULTING EOOD SP VISION OOD LEADIRON EOOD AVS KONSULTANTSKI USLUGI EOOD FDF MANAGEMENT OOD SOFT SOLUTIONS EOOD SEVCOM-11 EOOD BG SISTEMS 1 EOOD ALCYON SI EOOD NISET MEDITSINSKI SISTEMI EOOD HYULET-PAKARD BULGARIA EOOD OKTO LABS OOD OOD BLACKWALL EOOD ALEKSOV CONSULT EOOD CLASS SOFT OOD ROKET ONLAYN EOOD DZHI ES PEYDZHIS EOOD FANTASY WORKSHOP OOD SHARETRIX EOOD AS SISTEM EOOD MEDIA COMPUTING EOOD TIHI 365 EOOD GENSOFT EOOD FOXY BULGARIA EOOD 2M BUSINESS SERVICES EOOD FINSOFT 1 EOOD FOKSTROT SIERA EOOD RADICSOFT EOOD EKATERINA KOSTOVA ET ART TRACER OOD COMTRAIA EOOD PLAYLINE EOOD RFC SOFT EOOD ASPNET EOOD PLOVDIV SOFTWARE EOOD SOLITEX IBS OOD BULGARIAN AGRIKALCHARAL FORUM EOOD ANNA GRADEVA - SISTEMA ET EN TRIPAL DZHI OOD CARE CONSULTING EOOD EOOD CUSTOMIZED BUSINESS SOLUTIONS OOD I DI SOLYUSHANS EOOD TECHNOFRET EOOD ATREMO EOOD EKONSULTING EOOD SD IVIDA-UZUNOV TENCHEV KOLEV DILTEX OOD MAGI-VIOLETA AGAYNA ET HANA INVEST EOOD BSV CONSULTING EOOD SPARKS SIMEONOV I S IE SD EMERGING MARKETS CONSULTING OOD STRUCTMEDIA OOD FLEXIBLE BIT EOOD RIGHT CONSULTING OOD CRYPTO PENTESTING EOOD IHOLD EOOD 3D PROJECTION EOOD FLEKS BRIKS EOOD SOFTOVO EOOD EOOD VB KONSULT OOD EM EM SI EN OOD INNOVATION CENTER BULGARIA EOOD ECOTEX BULGARIA EOOD SMART WEB OOD COSMOS SOFTWARE ENTERPRISES EOOD RADIMA EOOD MKS ENGINEERING D OOD PDS BULGARIA EOOD TAD GROUP EOOD INFO TOP SOLUTIONS OOD EDAMAM EOOD INTERNESHANAL PRODZHEKTS GRUP EOOD C AND L CONSULTING EOOD MAKS TEHNOLADZHI EOOD T-SISTEMS EOOD 26 SeeNews Industry Report

TI AR DZHI SALYUSHANS EOOD SHEYPSHIFT OOD MEMO EUROPE OOD SEO CREATIVE BRAIN EOOD BITMART OOD COMMQUEST BULGARIA EOOD ST6 OOD BUNYAKRA GEYMS EOOD I FOR CONSULT EOOD CONCEP BULGARIA EOOD SROEV-PSI.LTD EOOD TECH LIGHT EOOD SISPROAN EOOD WEBCHARM OOD RN DEVELOPMENT EOOD BAROLI OOD FAYLTRES OOD TINACS EOOD WEB TECH MEDIA EOOD LIMELABS EOOD YUNION STUDIO OOD IVU WORKS EOOD ATOMIKO EOOD BIZNESSOFT SISTEMS AD KEYSTONE CONSULTING EOOD NOVATUS EOOD BRAINWARE EOOD MILADINO EOOD PLAN C EOOD INFINITUS OOD NERRO CONSULT OOD HYUGIN SVEDA BULGARIA EOOD TUTE - STEFAN TUTEKOV ET DEVOCEAN SOLUTIONS EOOD SILVAR VALV EOOD MA3X EOOD TWEEROUS OOD SAVCHENKO COMPUTING EOOD GRAFSOFT - KONSTANTIN TRENDAFILOV ET BALKAN TECHNICAL SERVICES EOOD MEDEIA MEDICAL EOOD TREASURY INTELLIGENCE SOLUTIONS BULGARIA SOURCELAB OOD UEB SPEYS KONSULTING EOOD EOOD EOOD STEN AY TI EOOD SOFTUNI TSPO EOOD EOOD TSVETI BLANKA EOOD IDATA BULGARIA EOOD STS SOFTUER AD PERFEKT SOFTUER OOD SNOWCODE EOOD NIKOLAY STEFANOV-57 ET OLIMP SLIVEN EOOD EOOD ATOS IT SOLUTIONS AND SERVICES EOOD EKOM DIGITAL EOOD OBEDINENIE MGT BURGAS DZZD POLIGON SOFTWARE EOOD XOOMWORKS BULGARIA EOOD ADIMPEKS EOOD ASIA BUSINESS CENTRE EOOD L-CLASS OOD DEVNOX EOOD ICE COMPUTERS OOD EUROHOSTER EOOD ABGREYD TEHNOLODZHIS GRUP EOOD VARNA VIDEO VANGUARD OOD LOGOS - PLAMEN STANCHEV ET I-NET MEDIYA EOOD PINDVENTURE EOOD CENTERMINE EOOD FRAKTAYM OOD CGI BULGARIA EOOD VEGEMON EOOD BTVLINK OOD MADZHIK UARK ELEKTRONIKS EOOD IT TRAINING EOOD UBERTAS EOOD INTERPAN OOD NET IN EOOD SOFTREST EOOD OMEGASET EOOD INFOSIS OOD PAM KONSULTING EOOD LOGGATOR EOOD D I N SOFTUER I SISTEMI ZA AVTOMATIZATSIYA AIR TICKETS EOOD TRINITI SOFT EOOD EOOD EOOD DYNAMICWEB SOFTWARE EOOD ZL RESEARCH EOOD KORPORATIVNI I SOTSIALNI KOMUNIKATSII I VISCOMP EOOD MOMCHIL MIRCHEV ET KAMPANII EOOD EOOD ZELIARD EOOD GOREV EOOD SINEVIYA EOOD BUSINESS MANAGEMENT SYSTEMS EOOD AVE TREYD EOOD SIRMA ICS AD SPOTCOMMUNICATIONS OOD MOBITIM EOOD STRATORAY OOD COMPUTEL OOD UI VISIONS EOOD DREAMIX OOD WPBAND EOOD SOTIROV TREYD EOOD VENDING SISTEM OOD APTUSO OOD ZOV TECHNOLOGY EOOD KLAUD SI AR EM SISTEMS OOD IT SPECIALS EOOD INFOKONNEKT EOOD KNOWVELTY EOOD MADIA SYSTEMS OOD BULVISTA EOOD NEXT LEVEL SOLUTIONS EOOD INDEAVR OOD UBI SISTEMS EOOD KAKTOSUEB EOOD ATELIE SVEZHI OOD COMPILE LEAN EOOD CADCAM - BG EOOD AFFIKS EOOD TERES KONSULT OOD WEB ONLINE EOOD AY AND BI OOD EPIOP EOOD PRESENTA OOD NAYT END DEY BG OOD DOUBLE D ENGINEERING OOD INOVEYTIV MERITAYM SALYUSHANS OOD OOD PRO BILDINGS EOOD PRIMAL CONSULTANCY EOOD INDUSTRIAL 3D TEHNOLOGY OOD TERLICI OOD CLEAN CODE FACTORY EOOD HARDKOUDS EOOD DATA CRAFT AND MAGIC OOD 8 HIKS DIZAYN EOOD DEZON - BG EOOD DATA STUDIO OOD MILTECH OOD OOD KYULIBRA SIEMES OOD SATEMA EOOD TI SI 04 EOOD APPLYNX OOD OFERTOMED BG OOD GIFKO EOOD ERVERTIS EOOD PREMIUM BG EOOD RADOEV-SOFTUER - MITKO RADOEV ET V-ONLINE SISTEMS EOOD MUSIC HORN EOOD INTELSOFT INTERNATIONAL EOOD NEDA SOFT EOOD BULMEYL EOOD MANDI - KIRIL MANDALEV ET TIMSOFT OOD GLOBAL UEB SARVIS EOOD KMTECHNOLOGY EOOD X-PERT MULTIMEDIA SOLUTIONS OOD DIGITAL MEDIA SYSTEMS EOOD GDM GROUP EOOD BNI STUDIO OOD INTERA INFORMATSIONNI SISTEMI EOOD LIYNSOFT OOD DREAMRADIO ORG EOOD EMPOWER SOLUTIONS EOOD SOCIAL FUTURE EOOD UNI SISTEMS EOOD GENERA SYSTEMS EOOD COBUILDER INTERNATIONAL EOOD OXXY APPLICATIONS EOOD TEAM VISION-BULGARIA OOD EVRODID - NIKOLOV I S-IE GP MAT - E OOD ADNEXT EOOD ASTEA SOLUSHANS AD SI EN SI KONSULT OOD ZA VAS 2009 EOOD VERKARO EOOD APIS - VIDIN OOD APTIKALS EOOD TIEM NET EOOD SYSRAIN OOD FAST LANE SOFT OOD ITECH LABS BULGARIA EOOD KODEBOT EOOD MELISTICS EOOD FORCI WEB CONSULTING EOOD EMIND EOOD MARKET WITH STEFAN EOOD INTERTEYNMANT SARVISIS AD SKILLO OOD ASTROSOF EOOD GIGAFIBER BG EOOD AY TALANT KONSULTING OOD FRANK DEVELOPMENT OOD FAR STAR EOOD EOS END EREBUS EOOD STANKOS PC SUPPORT OOD AMADA CONSULTING EOOD IBS INTERNATSIONAL EOOD RDF OOD RICHMOR END ANDERSAN OOD MULTITECH 91 EOOD ABILITIKS OOD LYNX VISION EOOD ROYAL CONSULT L EOOD ZDRAVKO EVDENCHOV MILACHKOV-ZEM-SOFT A - SOFT EOOD SAUNDKLAUD EOOD IOVASOFT 2 EOOD ET BOSCH.IO EOOD SOFIAPRESS BG OOD CASUALINO AD DNK-GRUP-2017 EOOD U TECH BULGARIA EOOD VAMO EOOD TRILIO OOD BANT KOMYUNIKEYSHANS OOD AYDAL GEYMS OOD MARIMEX BULGARIA EOOD ELECTRONIC SYSTEMS DESIGN EOOD ACCEDIA AD ASAP EOOD DNH SOFT OOD ERDI - EVGENIYA ATAMYAN ET ESTRELLE EAD VEGALOZ EOOD P END P KOMERS EOOD EURODESIGN SYSTEMS OOD MARKETFI KANSALTING EOOD EOOD VITRON GROUP EOOD DZHI AR KANSALTANSI SARVISIS PRAYVAT EOOD STS TEHNOLOGII EOOD COPYSERVICE EOOD EOOD SOLUSHANS IN MOUSHAN OOD ELEGANT AY TI SOLYUSHANS EOOD INVENTO TEHNOLADZHI OOD PERCEVAL BULGARIA EOOD REFLAY EOOD PROGRESS SOFTWARE EAD MEGATRON 2008 EOOD DIDZHITAL FOS EOOD EOOD AGAPOV DATA GRUP EOOD INSAINTED EOOD PLAYBOX NEO EOOD DEVTURE CONSULTING EOOD HAY TEKNOLADZHI GRUP BULGARIA OOD NEXGEN DEVELOPMENT GROUP OOD AKADEMIYA KODEKS OOD CODE BREW OOD IKA PARTNERS EOOD PHOENIX DIGITAL SOLUTIONS EOOD NIKA 31 OOD UIKIAY EAD 100 SOFT EOOD 27 SeeNews Industry Report

ENVIZIMO VNEDRIAVANIA I PODRAJKA EOOD ZOFRA-K EOOD GREEN LINK INNOVATIONS EOOD VENDIS SOFTWARE EOOD KIREV INTERNESHANAL EOOD DZHAST SPLIT IT BULGARIA EOOD ANALITIKA X CONSULTING EOOD PK - SOFT EOOD ONLINE SERVICES EOOD SOBORKA OOD PORUMBACHANOVI EOOD GM PIXELS EOOD KSOFT EOOD FRIY SOFT OOD MARKETING FOKS EOOD PRIMA-SOFT OOD ALMA SIST OOD VALEDIKTA OOD SOFTWARE PRODUCTION EOOD UEBMASTAR BG EOOD EMIL ASPARUHOV - KALIPSO ET TSFL - SOFTUER - ATANASKA YANKULOVA ET MUPLEX TECHNOLOGIES EOOD CYBER 92 OOD BST CO EOOD MIHAIL ASENOV - INZHENERING ET ALTEMI OOD X3EAM EOOD FORE CREATIONS D EOOD UNICONT SOFT OOD VIP BUILD SERVICE EOOD COSMOPOLY EUROPE EOOD SWAP ADS EOOD GOAVIO OOD ADRIO TREYD END SARVISIZ OOD ENKOD EOOD M SKUEARD EOOD NEWDEV SERVICES EOOD BGMENU EOOD SAGA TEK EOOD SERVICE ONE EOOD ROYAL CONSULT 2016 EOOD STELLAR EOOD DREAM CLUB EOOD DANTEK OOD X OFFICE EOOD INFOHELIX EOOD STAGOVE EOOD GLS FS BULGARIA EOOD VOBIKS EOOD WEB FORCE OOD TRULINU OOD OOD EKSIM ENERDZHI TREYDING OOD INFRAGISTICS BULGARIA EOOD DYRANIC OOD HOME AUTOMATION & IT EOOD PI END ES KONSULTING OOD YUST LENART EOOD PRONET TELECOM OOD DZHET SISTEMS OOD 3SAT TV OOD ELKOM - 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GEORGI DIMOV ET TSONIK EOOD TEHSOLID OOD OOD AYKINEMA LIMITID, KLON BULGARIA SMART IT OOD KRIPTODATA EOOD EOOD SKADIT OOD ARCHISERV EOOD RIHA EOOD HAMBAI EOOD S G TRADE EOOD BINGO - M EOOD ES2 INTERNESHANAL OOD OOD END TO END SOLUTIONS EOOD BALKANSKI IMOTI OOD BEST COMPUTER TECHNOLOGIES OOD PRINT GRUP BULGARIA EOOD EUROBYTE EOOD SOFIA LOGISTICS AND FORWARDING OOD INTERLEKTA OOD INTER SERVIZ V OOD ADASOFT OOD 28 SeeNews Industry Report

ABOUTCHECKOUT EOOD TETEVEN HIDRO EOOD EYZHA FYUZHAN TEHNOLODZHI BULGARIA MEDIART EOOD EOOD EM KAMPANI EOOD ISGBG EOOD TEYST. BG EOOD EOOD PASSION SOFT EOOD MEDIAUEB OOD TELPROECTA EOOD DIZAYN STUDIO PRO EOOD VOIP IT EOOD TRANSPORTSOFT OOD TELERA OOD HEINTECH EOOD INNOVATIVE IDEAS EOOD ITP-NET OOD ALEX J NIKOLOV EOOD BERNERS AND ZIMMER AD SIYSAYD BIZNES SOLYUSHANS EOOD AR TI KOM EOOD DAIS SOFTWARE OOD SOLUTIONS BULGARIA OOD PARKING TELECOM LABS EOOD CENTER PRO EOOD VIRTUAL SERVIZ EOOD TUTUF EOOD ARCHON 7 OOD STUDIO RAKETA EOOD CODECAST 2 EOOD Z NET EOOD SKY SOFT BULGARIA EOOD BROWSWAVE AD AMDOCS BULGARIA EOOD SMARTPRO OOD APACHE EOOD VIORG VT OOD IQ SOFT OOD NUKSO EOOD DIMAKS SEKYURITI OOD SI DIZAYN EOOD CHINASKI EOOD UNICOM SYSTEMS EOOD IK 2010 EOOD RICH SOURCE DEVELOPMENT OOD FRANDESA OOD MAKOMI 7 EOOD BEAR BERRY DIGITAL EOOD VIP KOMPYUTARS 2015 EOOD FORMICA - Z EOOD EDI ALADZHADZHYAN - EDI ALADZHADZHYAN ET B2B CONSULT EOOD EM.S EOOD ONSET EOOD ROS INVEST 1 EOOD MEYNSIS EOOD E- TENNIS BG EOOD PROSFIT TECHNOLOGIES AD AUDIOGUIDE BG OOD PM SOFT OOD NOLIDZH PARTNARS OOD STY CONSULTING EOOD TGN MARKETING EOOD SCRIPT BG EOOD GPCOMS NET OOD D T S NETWORK EOOD ATANAS PAPAZOV - 2017 EOOD HOST TECHNOLOGY EOOD SOFT INFO EOOD INTERNET TECHNOLOGIES EOOD FORZA CONSULTING BULGARIA EOOD ZETA RET EOOD VINTAGE APPS EOOD JUNIOR COMPUTER ACADEMY EOOD EVINAT OOD NIKOL M EOOD EMS-33 EOOD 527 GROUP OOD PRINCESS MOA EOOD BEYONDIX EOOD ARMSOFT EOOD PETERSCHINEGG AND KANISCO BULGARIA OOD IT HELPDESK OOD SOFTAVEYL EOOD CLOXY BULGARIA EOOD EVROSTAR BG EOOD ENICOMP EU EOOD NOV PAT 2017 OOD OOD VITOSHA ITK EOOD GUZIK RESEARCH CENTER EUROPE EOOD CHOSTA GEYMS EOOD 4 LAN EOOD NET REAKT OOD AYSTAR EOOD SAPS SERVICES OOD SOFT PROLAYN 16 EOOD EOOD 2 KBLATER EOOD POWERPLAY TEAM EOOD MOBILSKAYS OOD OOD TSF OOD JUST IN TIME EVENT EOOD STEKOM-2002 OOD DIGITAWISE OOD OPTICHNA STRUKTURNA MREZHA EOOD DIDZHITAL UARLD OOD GRIYN BRAND EOOD NET21 - SELIME KECHIDZHIEVA ET FLIBER EOOD JUMPIDO OOD ZEN LABEL OOD EKSLIGON EOOD VARNANEKSUS EOOD EOOD ZITAL OOD AY TI KANSALTING EOOD PROINVEST BULGARIA EOOD REVIEW BULGARIA OOD SESTANTE EOOD GDM IT SARVISIZ EOOD DIMOS BOTSARIS SERVICES EOOD PLANET SOFTUER SALYUSHANS OOD ITIDO TECHNOLOGIES OOD KIT EOOD FIPLA EOOD TIPTOP GRUP EOOD EOOD IVEX BG EOOD ITGS EOOD UFLEET OOD IZI SOFTUER OOD VICTORIA DESIGN SOFT EOOD UP2 TECHNOLOGY EOOD PLANB. BULGARIA OOD INFOLOGISTICS EOOD CLEARLY PROFESSIONAL EOOD BUKS IT PROFESHANAL EOOD PROKSADZHEN OOD SOFTWARE UP EOOD BILTRONIC AD MAY ENDZHINIYRING OOD PIXEL REACT EOOD ORPHEUS MEDIA EOOD IKIMIKON EOOD WEBSTRAIGHT OOD KOPIKOMP SARVISIS EOOD TENSEGRITI EOOD OPERATURA EOOD DOCUMASTER BULGARIA EOOD PERSEPTICUS EOOD LEDEX OOD HYPE PURIFIED OOD KOMPYUTAR TRABULSHUTARS TRIADITSA EOOD BUSINESS SERVICES VELIKO TARNOVO EOOD WICANDU SOFTWARE EOOD STAGE AI OOD BLUE BUFF STUDIO EOOD ATLAS SOFTUER EOOD PBS SERVICES EOOD SOFTALIANTS EOOD B H T OOD CLOUDIFY EOOD MEDICOM BULGARIA OOD VERONIKA TSETSOVA KOLARSKA ET GLOBAL INTERNET SERVISIS EOOD ENCODE EOOD APOLO NET EOOD BENCHMARK SUPPORT EOOD EMALEX NET EOOD DOMIN8 EOOD TECH SUPPORT EOOD MEDIYA NET VIDIN OOD RO SOFT - ROZA SABEVA ET MIGI KONSULT GMBH EOOD ADTAPSY OOD AKVIEM EOOD MEDISAT KOMYUNIKEYSHANS OOD LOGISCARE BULGARIA EOOD IT MEDIA EOOD TONER EXPRESS SERVICES EOOD OFFICE SUITE OOD MD - EIS EOOD HOSTINGBET OOD EURO SOLUTION EOOD EREKS EOOD OBDZHEKTIS EOOD GOONET OOD ESAKO EOOD LANTA OOD PRIME HOLDING AD B2N EOOD DZZD OBEDINENIE SISTEKOM POSIKS EOOD 7SECURITY EOOD GAY - PETAR PETROV ET ASP EOOD GEOKON SOFTUER BULGARIA OOD CODEIT SMART EOOD EVOLVIT SMART EOOD EOOD PARAGON SERVICES EOOD CDS BULGARIA EOOD UNION SOFT OOD FORK POINT OOD V& U EOOD PANDA KRYU EOOD VINTECH OOD IMPRES TECH EOOD PETROVSOFT EOOD RAZPREDELENI SISTEMI OOD ARGOS BULGARIA EOOD PROEKTORIYA OOD N 14 O EOOD CASIKI MEDIA EOOD BIZNES STRAKCHAR SALYUSHANS OOD ADRIA KONSULTING EOOD RMIHOV EOOD BOSS INFORMEYSHAN TEHNOLADZHI FOKSIKO EOOD KONSULTING EOOD BRANDIT EOOD EOOD IT PROLET OOD ABALTA TECHNOLOGIES EOOD NISET - NIKOLAY GANEV ET TELEBID EOOD SNOW PASS DEVELOPERS EOOD D& A TECHNOLOGY OOD ASTROSOFT EOOD SEOPREZENS EOOD KRASIYAN NEDELCHEV EOOD EDINITSI SEDMITSI EOOD EOOD REFRESH 4+ OOD PLB COMPANY EOOD WEBPOINT EOOD R & K GROUP EOOD ASYSTEM OOD FEB09 DIGITAL101 LP LP KD ENTERPRYZE CONSULTING EOOD LAN - GAMES EOOD DATA RESARCHIS EOOD EFFECTUS IT EOOD VIDA SOFTWARE OOD STANSOFT.BG EOOD EYCHTU EOOD VAN DALE EUROPE EOOD KODEO BULGARIA EOOD SEM BG EOOD SURVEY ON TABLET EOOD PC TOP EXPERT EOOD WEBCRAFT PLUGINS EOOD OLD FARM TECHNOLOGIES EOOD KASITE EOOD INVENT ART EOOD TWOGEARS EOOD BRAYT TEHNOLODZHIS EOOD ODIGOS KSANTIS EOOD GRAFIOZO EOOD IKAR 7 ILIEVI I SIE SD MIND SOLUTIONS EOOD GEO - GEOMIL GEORGIEV ET TINK - SIMEONOVI EOOD G END D TECHNOLOGY 7 EOOD GRIYN STEP KONSULTING EOOD DIGITISE LABS BULGARIA EOOD NOVALOGY EOOD 29 SeeNews Industry Report

STAMPEN GENERAL EOOD NEKSAS SRL OOD COMTECH 2001 OOD JENTYS EOOD SIRMA ISG OOD LONEX OOD EZTITLES DEVELOPMENT STUDIO OOD IT SOLUTIONS EOOD KONVERSOFT - ZHELYAZKO VLAYKOV ET KT- LH EOOD TSPO LOGOS EOOD GUGIKS EOOD ALKAZAR DESIGN PY SOFT EOOD ECBG EOOD INFORMATZIONNI TEHNOLOGII I SISTEMI EOOD R CONSULTING EOOD PAKOM-P EOOD DRON 1 OOD I G P D - KOMPYUTARS EOOD DEVTECH EOOD KM CONSULT SERVICES EOOD POINT TO POINT EOOD MAXXIQ EOOD PEKA EOOD CATENATE BULGARIA OOD VK VOLAND EOOD WEBRIX OOD FRACTAL GAMES EOOD VEGA 83 OOD SATECH CONSULT EOOD DZZD OBEDINENIE OTA - PIK ILIEVSOFT EOOD NIMERO OOD KOM - ANGEL VELKOV ET SAT 1977 OOD CROWDIO BULGARIA EOOD AVANGARDSTIL OOD AVALITH EOOD INFINITI BG- MEDIA GRUP EOOD EOOD FEUJI BULGARIA EOOD KUBUNI EOOD ADA 3D OOD DMITRIY FRANK EOOD EOOD MEDIYA PRAYM LAZAR IVANOV ET ALLCOMTRADE EAST EUROPE EOOD XQUARDO BULGARIA OOD ARCHIO EOOD ELMIKO OOD ORCANE CONSULTING EOOD BIG MAGE EOOD BORIKSO EOOD AREUS EOOD EDK SOFT OOD EXTERNALISATION EOOD BRAIN HUB SOLUTIONS OOD DEMA COM EOOD RALITSA PLAMENOVA PETROVA ET BONEV SOFT DITING OOD ACTRA OOD RUNNER RUNNER OOD SOFTPRODUKT EOOD KRIEYT TURIZAM EOOD SESSIONSTACK OOD KOMPYUTARNI PRODUKTI EOOD AZARNIKOV AV OOD G DATA CONSULTING EOOD TEHNO RISARCH END DIVELOPMANT OOD AKAUNT BG KONSULTING EOOD PARADOX INTERACTIVE OOD ADVANSIT EOOD IMPERATUS EOOD KOMMEQ EOOD WEB INSIGNIA EOOD INDZHENTIKS OOD TALOSSOFT EOOD KOMP BG EOOD HACKATECH OOD IT SERVICES KBGL EOOD SPEGLY EOOD EDGE SOFT OOD VIRTUAL START OOD DEYTA SISTEMS EOOD D CONSULT AND DESIGN EOOD IVAYLO MARINOV DIMITROV EOOD NELITE EASTERN EUROPE EOOD KOGZUM BULGARIA OOD OOD PINAPO MEDIA EOOD DZZD KLASTER HITS BOTRON SOFTWARE SOLUTIONS OOD FIX - FORM EOOD INOVAT EOOD SEEDOT OOD ASK 2011 QSTAT EOOD ASYST 2016 EOOD METODI PARDONOV ET NIKOSOFT - NIKOLAY CHORAPINOV ET KORONA SOFT EOOD SHIFT KONSULT OOD DREAMMARKETING EOOD YOVO STUDIO OOD DISOFT OOD TAGS EOOD FRANKFURT AEROSPACE SYSTEMS EOOD LHG KONSULTING EOOD YUKI GEYMS OOD SKAYUER GRUP EOOD DEV BULGARIA OOD IO ERA OOD SGINNO EOOD DAMBOO TECHNOLOGIES EOOD M ASSIST EOOD TECH MAHINDRA LIMITED - BRANCH BULGARIA MELANTO EOOD TSENTAR ZA TVORCHESKO OBUCHENIE OOD SLAMDOG TIM OOD RJA TECHNOLOGY EOOD DASEN EOOD LINKER GAMES EOOD DROPSOFT EOOD STUDIOUEB.BG OOD MULTICOM PLEVEN EOOD SPICYCRAFT EOOD BUNCH VFX EOOD KUIRDO OOD GLOBAL DYNAMIX EOOD VAQUITA BULGARIA EOOD KLAMZI OKS EOOD INTERACTIVE DIGITAL MEDIA OOD DATAMATIX EOOD LITSOFT OOD TRENINGOVI MATRITSI I TRENINGOVI MAYSTORI LIYD PARTNARS OOD ICALL EOOD SOFT ACADEMY EOOD OOD WAYNE SOFT EOOD ANYOPTION BULGARIA LIMITED EAD INTRACOL TECHNOLOGIES AD VIDEO SPEKTAR OOD YUNIKORN SISTEMS EOOD NYUSHOP EOOD PETROV DEV EOOD KAJE FIN SERVICES SOFTWARE LIMITED EOOD CONTROL SOFT EOOD INFODIM - DIMITAR DIMITROV ET RAVYANS OOD REACH 2008 EOOD DRIVE SOFTWARE COMPANY EOOD YAVORNET SPLTD EOOD SISTEM TEST IGNATOVI EOOD VIRAL PASSION OOD RECHECK OOD PROS BULGARIA EOOD TEMPERA KONSULTING EOOD SSI-RUSE EOOD SV NET EOOD INTELLIGENT SYSTEMS BULGARIA EOOD MK ENGINEERING EOOD FEARKOM EOOD PROXIAD BULGARIA EAD BIZLINK OOD VIZITRAK OOD TVTV OOD BG LEADS EOOD PECHENEVSKIY EOOD TARMIN SOFTWARE BG EOOD HK MEYL ROYAL EOOD SENPARTIA EOOD ENERGOSTROY EOOD LINKSET EOOD ASI TELCO OOD DIEVO OOD PEAK SHIFT EOOD IDEAGEN EOOD SISMASTAR KORPOREYSHAN EOOD ISI INTELEKT OOD KLUB 45 EOOD SUPER MEDIA OOD PRINTIKA EOOD COWORK 7 24 AD TELECOMS OOD KONSORTSIUM TRAFIK ZA SOFIYA HIBSIS EOOD DABAL-D - DAMYAN PETROV ET UIZARD MOBAYL BULGARIA EOOD SOFTKONSULT DG EOOD MARIKARI EOOD GEA KOM OOD SINETBG EOOD PERSA-I SOFIA EOOD BUSINESS INNOVATIVE SOLUTIONS OOD KOMPAS TREYD OOD IT SOFTUER SOLYUSHANS OOD OOD LEX ELECTRONICA OOD ISPOT OOD GEYM OUVAR GRUP OOD BROADCOM BULGARIA LLC EOOD QBIS EOOD STRYPES EOOD BG GAMES OOD VANEDIKS OOD RADIBIT EOOD AB SOLUTIONS EOOD AVEKS EOOD CONCEPT CREATIONS EOOD VZP SOFT OOD FIBRENET EOOD MILENA BEZHANSKA STEMI ET TEMA SOFTUER OOD ELEFANT GEYMING OOD XELERIUM OOD APLINKSAT EOOD AVSOFTWARE EOOD INFOKONSULT 13 EOOD FYURIA EOOD EOOD EMONA S EOOD NETPEAK EOOD ELEKTRON 17 EOOD MAKSION SISTEMS OOD PUBLIFY EOOD SMART ICT SOLUTIONS EOOD NEWTECH BT OOD BUSINESS SOFTWARE CONSULT VRACA EOOD PERFUMERY AND COSMETICS INSTIIUTE EOOD BDC BULGARIA OOD KYUBIT EOOD AZONMEDIA OOD SITEWAB OOD SICOM PLOVDIV EOOD TRIO-VAV EOOD ELSINOR - GEORGI ANASTASOV ET SHLAZI OOD BRIDGELIFE OOD OUTSOURCE SERVICES EOOD TRU KLIKS EOOD INTO BRANDING TIM EOOD DZZD E-TRAFIK 2014 FMB SOFT EOOD MARIA-KRISTI OOD BS SERVICE OOD 11D EOOD CLOUDTECH OOD RETIDOC OOD PERSPECTA OOD CES EOOD TELEKONT EOOD ENA EMERGENCY SERVICE OOD SHEL KARV OOD CYBER BG OOD ITS EOOD AH3 MEDIYA EOOD EOMATEK EOOD EOOD IT GROUP OOD VITOHYPE EOOD NOKS EOOD BUZLY LABS EOOD INVENT NET OOD TAU MULTIMEDIA OOD NEW AGE SOLUTIONS EOOD ADVANCED ENTERPRISE SOLUTIONS OOD 30 SeeNews Industry Report

ALPEA OOD THE VIKING OOD INSENTIKO EOOD EOOD ORACLE EAST CENTRAL EUROPE LIMITED - BRANCH BULGARIA APPVENTURES OOD MULTIFINKS - PLAMEN POPOV ET VSG BULGARIA EOOD ANDROMIX OOD INFOSOFT.BG OOD RIA FREYM EOOD CHERNOMORSKA KONSULTANTSKA KASHTA EOOD ADIS NATE EOOD MB KONSALTING EOOD EOOD AKTOPIS EOOD BOROSPEC EOOD INFORMATSIONNI TEHNOLOGII PROLET OOD SINTRIKS EOOD POZIT EOOD IT CONSULTING GIJ EOOD DONKA ATANASOVA - DEA ET ESTUVI DIVELAPMANT EOOD GLOBAL INDUSTRY OOD BODENSOFT OOD DIMITAR SVIRKOV ET KOLMA-KOLYO HRISTOV ET NEMECEK OOD NITREND EOOD HRISPA EOOD PROTECHSYS EOOD ORCHSUN EOOD ALFA- KVM EOOD SANBOLIK BULGARIA EOOD EVOUX OOD KANGACODERS OOD REALIZE BULGARIA EOOD MERIMAKSI EOOD TORO ALFA EOOD EOOD GO FIRST EOOD PARIS PROPARTI EOOD SIMPLE PROJECT OOD BALGARSKI SOFTUERNI TEHNOLOGII- BISER BELUGA IT OOD BALCHEV ET ADDARU EOOD TECH CARE OOD GMAX SYSTEMS EOOD SOFTWARE SOLUTIONS OOD CHESS ARENA OOD SSARM EOOD AYSAYN OOD SOFT COMMUNICATIONS EOOD CORETRIX OOD AUDIOMODERN EOOD SIMPALSOFT EOOD VOLFSBEYN EOOD BSB WEB EOOD MAYKRO SOLYUSHANS END SARVISIS OOD ADD EOOD ATN GROUP EOOD UAYT ROK EAD EAD SE80 EOOD CODED INTEGRATIONS OOD MAXX IQ EOOD IMENA.BG AD SKY TECHNOLOGIES EOOD PRENDIT EOOD WEB AND IT SERVICES EOOD AKORN BG EOOD EKS NON EOOD BUSINESS SOLUTIONS OOD IGREET OOD HELIOS SOFT OOD PROFIT EOOD GLOBAL LOGISTIKS EOOD KRUZ EOOD OKTOPRO EOOD SAMSOFT EOOD DAVID HOLDING AD LEON STOYANKA SOTIROVA ET DIGITALNA AGENTSIYA KOMI OOD BILEV SOLUTIONS EOOD AY GIFT OOD SIKST KORNAR EOOD AKTOPIS BULGARIA EOOD QUANT SOFT TECHNOLOGY EOOD LITTLE BLACK BOOK OOD KOLBIS PSIT NATSIONALEN SERVIZ FACERACER OOD ALEKSIS AY TI EOOD PRODZHEKT MANIFEKCHARING EOOD EOOD INFORMATSIONNI TEHNOLOGII AD ALFALEKS EOOD MBLS MEDIA GROUP EOOD KONSULATE EOOD BIZNES KONSULT SOFIYA EOOD INTERACTIVECOM BULGARIA EOOD INFOSPED MATEY DZHENEV ET SUGOI EOOD ELDERS OOD PG NET PRO EOOD VOLOCUB EOOD STUDIO VALNA EOOD SELEKT - PARASHKEVITSA KAMENOVA ET SIRIUS ART OOD PIRINITE EOOD EOOD GR - BULGARIA EOOD SYSTEM FOR ELECTRONIC PAYMENTS BULGARIA VIRTUALNO EOOD STAN VISION EOOD SEP BULGARIA AD WEBCODE EOOD SENSANO EOOD ZEKALABS OOD TOPS - TODOR STEFANOV ET PROSISTEMS - EMILIYA SLAVKOVA ET ENSIPIO EOOD ZINE EOOD WHIZ EOOD CARENDAR OOD JBM INTERNATIONAL OOD PANDA TSF EOOD ANIS SK OOD FOR EYU OOD GEORGI NIKOLOV ET PIPO I PIPA EOOD TOPO DZHI EOOD SPARTANCI EOOD ES DZHI INVESTMANT AD MOBIWEB EOOD EMERAND AD CAMAO OOD MMT BG OOD K AND K IT SOLUTIONS EOOD SEEDSET GROUP OOD FLAYING SALYUSHANS DZZD KOMP - DOBREVA I SADRUJIE SD LOLIN DONKEY EOOD AMAZE LABS EOOD AKSIOR ENVIZIMO DZZD NISET INFORMATSIONNI TEHNOLOGII EOOD DIDZHIKALT INTERNESHANAL EOOD ADLEVIO EOOD TOKSIKALITI AD AD MAYKRODRONS - BULGARIA OOD ALFA TECHNOLOGIES EUROPE OOD VIRTUAL OUPAN SISTAMS DZZD LORIN TRADE OOD PROFESSIONAL SYSTEMS EOOD DND - BG EOOD GD GROUP EOOD MEDMARK EOOD FIKS RADEV I SIE SD MOJIO EOOD HONE EOOD SYSLIFT EOOD PIXHAUS BG SMLLC EOOD DEV-X EOOD CEPROCS TECHNOLOGIES EOOD MARKETBRIDGE EUROPE EOOD BURNING MIND STUDIOS EOOD TEDDYSOFT OOD REDICTA EOOD BITMAP EOOD MARINELA PAVLOVA- IT CONSULTING EOOD INFINISENSE OOD SEOLAB EOOD APPLET OOD ANALYTICS BULGARIA AD STOMAR 97 BURGAS EOOD REGIWARE BULGARIA OOD SOITRON EOOD KO.KRIEYT EOOD AETHER BG EOOD UUDS KOMPYUTAR OOD OOD OBJECT SYSTEMS INTERNATIONAL BULGARIA EOOD KOOPERATSIA INSOFT KOOP KVARTIRI BG EOOD SUPPORTIVO EOOD KONSORTSIUM IO-SIRMA LINKSGRAM EOOD EOOD ARION VIOLETA IVANOVA SP ET GIS KONSULT OOD AYRIS BIZNES GRUP EOOD ZOOM AD ROLLANDEV EOOD ALINA DIZAYN EOOD AY BI TRI MEDIYA OOD HERMESSOFT OOD INKSOFT OOD P - SOFT EOOD ENOLA DESIGN EOOD BLAST ORGANIKS OOD CAD CORRECT EOOD RIBELIAS SOFTUER OOD VISUAL SOFT EOOD TEDIS DIZAYN EOOD TSG SERVICES BULGARIA EOOD REMLINK EOOD SOFTSHOP EOOD CODE CANTOS EOOD STIVASOFT OOD DIGITAL CONSULTING EOOD I SENSE EOOD M7TECH EOOD MOMMOSOFT OOD NETX - NG OOD AY TI FOR BIZNES EOOD DIRECT TELEMEDIA EOOD COM TECH BP OOD PI SI PRODUKTS EOOD 2 PLUS BULGARIA AD MULTIMEDIA APLICATION GROUPE EOOD ZERO BAIT EOOD EM FREELANCE EOOD TOMAR ELEKTRONIKS TODOR PILEV ET TRYZENS BULGARIA EOOD RENE DESIGN EOOD SOLYUSHAN SISTEMS EOOD KOLLIZEY EOOD DIAGRAMLTD EOOD SILRON OOD AUSSEMS SOFTWARE EOOD KEARFLOU HELT OOD IT WORKS EOOD NETUARK EOOD MITIKO EOOD SOFT PLYUS RUDEV VALCHEV I S IE SD ROKSTAR OOD NETSAFETY EOOD M.M.F. EOOD GEORGI ALEKSIEV 2017 EOOD OMI EASTERN EUROPE OOD MERI STERA EOOD VARNASOFT EOOD A& R CONS EOOD INCEPTION OOD CLUSTER FOR INFORMATION SECURITY OOD ALPHA NETWORKS OOD TOR4E EOOD KOMPAS-KARADZHOV I SIE SD STUNT MOTO OOD DAPAUAU.MI EOOD EOOD SBND TEHNOLODZHIS EOOD EL BI INVEST OOD INTER INVESTMANT HOLDING EOOD VITOSHA SOFT OOD WEBHITS OOD M TEAM EOOD FARST SISTEMS EOOD IT SERVICE 2010 OOD OUPAN SOFTUER SOLYUSHANS EOOD KARADIME EOOD CC SMART SOLUTIONS EOOD OBEDINENIE DA SI DZZD INITSIATIVA GRUP EOOD BONPROGRAMMING EOOD STARRING TECHNOLOGY OOD ARNEL CONSULT EOOD TEZA OOD IEZ CONSULTING EOOD PLYUS PI OOD 31 SeeNews Industry Report

AUKON OOD MAKHINA EOOD ES SISTEMS EOOD GRADIENT FLOW EOOD YOLO EOOD ADVARTAYZ KONSULT EOOD CLIENTRIC OOD ARMSOFT D EOOD DEKAEKSI EOOD EOOD COMPUTERNET SERVICES OOD ITDK EOOD MELTERREA EOOD OOD HERSON 82 EOOD EOOD DISTANCE INTERNATIONAL EOOD ORCA DEVELOPMENT OOD CRYSTAL BELLS EOOD BUSINESS PROCESSES EOOD DS CONSULTING EOOD INFOGENECOM LIMITED EOOD DAYK - GEORGI MICHEV ET M DIZAYN EOOD INEX - PROJECT OOD VI END TI GRUP OOD AKTOPIS BG EOOD LUMNUS EOOD AYTI KONSULTANT EOOD CHILI ONLINE OOD MYPETCOUCH LLC OOD SEOS EOOD EYCH EYCH DZHI TEH EOOD DIALOG CENTER 2 EOOD C3I EUROPE EOOD BRIGHT COMPLEX EOOD QUALITY HOUSE EOOD IT SECURITY CONSULT EOOD FFW BULGARIA EOOD SOFTUER - MARIYKA DINEVA ET EFTIM SEIZOV - ZHARNET ET TSVETI - KYUVLIEV I SIE GP PROIDEA EOOD STEFANOVA MK EOOD DYNOMICA OOD EXPERT FINANCIAL ADVISORS EOOD HASHLINK EOOD ILUS WEB EOOD LEADSECURE EOOD MAT - IVELIN IVANOV ET BLEK IT EOOD CARD SERVICE EOOD KONFORMITI KONSULTING OOD KOM ON EOOD RUBIKOM OOD CYBER COMPUTERS OOD EM DZHI NET PENEVA PENEV I S IE SD FIBER.BG EOOD AUEB.BG EOOD WAPHOO EAD BULINFO OOD KIROV INVEST GRUP EOOD EOOD ASSECO SEE EOOD ANCIENT MEDIA OOD ONLAYN SOLYUSHANS EOOD CYBER HARD SLLC EOOD ETTINI EOOD DARKIUM STUDIO OOD BUL UEBSARVISIS EOOD AA MOBILE OOD 1337 EOOD KOLTA BULGARIA EOOD MICROLAB EOOD MADISOFT BULGARIA OOD INOVATIVNI RAZRABOTKI OOD SYCONT OOD MASHIYN.RIPORT EOOD EOOD CLEARYTIX EOOD PISOFT-PETYO ZHIVKOV - GALABINA IVANOVA ET WEBCHEFS EOOD BULLTRONIC ENGINEERING EOOD KIM-2000 OOD TRICORN TECHNOLOGIES EOOD POLIMEKS HOLDING EOOD PARSE INT EOOD UEBKRAFT STUDIO OOD ZENON ELEKTRONIKS OOD OGO LEND EOOD MARCI 55 EOOD AKT SOFT AD PRO ASET EOOD INOVATSIONNI SMART SISTEMI OOD CSB SYSTEM BULGARIA EOOD TECHHUDDLE EOOD BUUKSKEYL OOD BDINSOFT EOOD ALBEN SOFT EOOD EOOD BE SE I KONSULTING OOD SAYBAR LAB EOOD DEEP INTELLIGENCE EOOD TEHSOFT OOD ELSIS-M INGENERING EOOD ASCOMS EOOD SIS COM EOOD NOVOTIKA OOD CBWEB EOOD SALE WITH ME OOD DD DEV PLUS EOOD WAHLER COACHING EOOD ADDIT SOFTWARE OOD EXPERT-95 EOOD KYURSAVEME EOOD EOOD PROSTUDIO OOD AY TI NET.BG OOD OOD K K 4 - IVANKA KOMNEVA ET APOLONIA 2002 EOOD UEB LAB EOOD SENSOR TRACKING OOD LONDON INTELLICA EOOD VINTECH CADCAM OOD OKTEK EOOD ZDATA EOOD EOOD INTEQRITY AD HERE EUROPE B.V. - BRANCH BULGARIA NFACT EOOD HEADWAY TECHNOLOGIES EOOD LINTERACTIVE EOOD KRIEYTIV 2 TOUTS EOOD FELIX GAMING OOD EPAY AD PILLAR EOOD SOFMOBILE EOOD CALIPERS EAD SCALE FOCUS AD AMM KONTROL EOOD INATO EOOD AY DI EN SI INVESTMANTS OOD OOD MINI UTRE OOD IBIS SOLUTIONS EOOD AY PI GRUP BG EOOD EOOD VMWARE BULGARIA EOOD RESCUE SOFT OOD NGM CONSULTING EOOD SOLYUSHAN KING OOD NK SOFTUER OOD HYDROGENICA CORPORATION OOD EKO ENERGIYA GRUP EOOD BOXYHUB EOOD PROJECT PARTNERS EOOD MINT SH AD 3 SOFT OOD TELICA S.R.L. BRANCH BETKEY EOOD CB CONSULTING EOOD ARES SOFT OOD DROP OOD SOFT ORANGE OOD ZI EYCH SOFTUER EOOD RABBIT MOUNTAIN ENTERTAINMENT EOOD ORYX BULGARIA OOD UEBMAKS OOD STEFANOVI EOOD VISAT EOOD TRIXIR AD SAORSA OOD SEVAR KONSULT EOOD PM SOLUTIONS EOOD DIGITAL CORRECT EOOD REAKTIV AY TI OOD MEDIA IT SERVICES BULGARIA EOOD CHRISTOFF RESEARCH OOD AVIASO BULGARIA EOOD EKSPONENTIK OOD ADSOFIA EOOD OPTIMALL SOLUTIONS OOD BUL SI OOD INTELEKSYS OOD KOMSOF EOOD QUARK VISION EOOD ARCHETAIP EOOD STEDEKS OOD SCREEN MEDIA EOOD ELMA BUSINESS TEAM OOD ATOS BULGARIA KOMPETANSI TSENTAR EOOD INTELLITECH EOOD AL SOFT EOOD BUSINESS SOLUTIONS BULGARIA EOOD V-SONIKS SISTEMS EOOD KOTEV EOOD KRIVIK EOOD INERTI EOOD S A M A PROJECT OOD BULTAG WEB DESIGN EOOD IDUACOM OOD AORNET EOOD NESS CHEHIYA S.R.O., KLON BULGARIA ANTHOSOFT EOOD NVT ENGINEERING EOOD VERSUS SOLUTIONS EOOD MONOGRAF EOOD WEB MARKETING EOOD BCOMP EOOD NOVANOR GROUP OOD OMEGA -TIM -99 EOOD INTERNET SARVIS OOD ASO-2006 EOOD EKLIPS SOFT EOOD GO LIVE BG OOD CONTROLECS EOOD TP DIZAYN EOOD DATA KONSULT EOOD IT WORLD SERVICES EOOD TG KONSULT EOOD INBOUND MARKETING EOOD VOTEG EOOD FIRST ONLINE SOLUTIONS OOD REKOM DZZD OUTSOURCE BULGARIA OOD DONATIX OOD KVDEV EOOD NAXEX TECHNOLOGICAL DEVELOPMENT EOOD DABAL KLIK SISTEMS EOOD TECHFINANCE OOD INDUSTRIA TECHNOLOGY OOD ES DZHEY PROGRAMS EOOD VELOXOFT OOD BEKSTAR EOOD KOMKOM OOD VI DZHI SERVIZ EOOD 2 C DISTRIBUTION OOD HONU EOOD ZETTABYTE EOOD OXY STUDIO EOOD ARGO KONTAR MILKO DRAGANOV ET KODSPAYAR OOD OOD DZZD MULTISOFT KRIPTO MADS OOD OOD SOL GEYMING OOD OOD MEHMET BURAK OLCHENOGLU EOOD MEDIYA ERA TEHNOLODZHI BG OOD SDL GRUP 2016 EOOD IL WEB EOOD OPEN BUSINESS SOLUTIONS OOD KATALYST INTERACTIVE EOOD REACTIVE CLOUD EOOD NOVOTIKA SERVICE OOD PROGRAMNO OSIGURYAVANE EPOHA EOOD DIVELOPARS OOD TRINET SERVICE OOD VIKTUS GEYMS OOD SINTEZ 66 OOD MAIL MARKETING BULGARIA EOOD MHM IT OOD NAVIGARD EOOD ISA BULGARIA EOOD KA-EX 96 EOOD BUSINESS SOFTWARE CONSULT - SZ OOD SETELKOM EOOD LINUX OOD MNGF EOOD DISRUPTIV DIGITAL EOOD R V RUSEV OOD OXIBLE OOD 32 SeeNews Industry Report

INDUSTRIALNI SISTEMI I SISTEMI ZA SIGURNOST MASTILO BULGARIA EOOD NET DIVE EOOD DANIIL EOOD BULGARIA EOOD VISTA VENCHARS EOOD TRINITI SERVICE EOOD ST KOMUNIKEYSHANS OOD RAYNER OOD SIESTO OOD VINITERON OOD SMART INOVEYSHANS EOOD SERDIKA SOFTUER OOD MICROSOFT BULGARIA EOOD MAST CAPITAL OOD RIT EOOD KIBOKO LABS OOD EDOCS OOD LADORE OOD BRIMBI EOOD ANHEALO KANSALTANTS EOOD PRIMA SOFT EOOD LEVEL 4 EOOD YU BULGARIE EOOD DZZD KONSORTSIUM SPRINT 15 LIKON EOOD MEGAPORT (BULGARIA) EAD LEANPLUM EOOD OFFSHORE SECURITY EOOD SPETSIALIZIRANI INFORMATSIONNI SISTEMI I SYSTEM SECURITY AND INTEGRATION EOOD ABICOM OOD STO KONSULT 1986 EOOD TEHNOLOGII EOOD R SYS OOD KATALIST EOOD HEPI HIROUS OOD IT ODIT EOOD OVARLEY EOOD BIT INOVEYSHAN EOOD TRADETECH BULGARIA EOOD INTERNATIONAL CONTACT SERVICES EOOD ARTBIT EOOD TIGAR STUDIO EOOD EOOD AMATAS EAD EKARINA EOOD EYCH YU PI BULGARIA EOOD DK SOLUTIONS EOOD SUPER DTP OOD TIMM RUGER IT CONSULTING EOOD SIROKOS EOOD EOOD INSIS OOD RIFINITI BULGARIA EOOD INOVATSIONNI TEHNOLOGII BULGARIA OOD MINDTV OOD MEMBYTE EOOD BG MARKETING 2010 EOOD ATENTIV DISPLEYS OOD SMART SOFTWARE SUPPORT EOOD ECREDIT EAD VS REVO GROUP OOD UNISOFT - IVAN YORDANOV ET NET SARVIZ EOOD YUNIKS SOLYUSHANS OOD I MANIA EOOD TANGRA STUDIOS OOD PIAR PROTEKT EOOD INNO EOOD ALGOL DZZD KAGAMI OOD VIKTORIYA TREYD GRUP EOOD CODEITERATOR EOOD GLOBAL COM OOD LAZAR KRUMOV - LAZA ET DZZD KONSORTSIUM TEHNO-LOGICHNO MTTV BG EOOD OPTIMA3D EOOD PLEPER EOOD SIMOVM EOOD TEH A LA MOD OOD ANIMO SOFTUER OOD INNOVAKOM BULGARIA EOOD HAILKAR EOOD VASPROVAYDER OOD EZSOFT-DEVELOPMENT AND CONSULTING EOOD NETZONA - STRATIEV I BAKALOV I SIE GP INFORMATIKA EOOD A.C.S.O BULGARIE OOD TM SOLUTIONS OOD UNITEDLEX BULGARIA EOOD INFORM DESIGN EOOD PROFESSIONAL SOFTWARE DEVELOPMENT EOOD DOCTOR HARDWARE EOOD RECORDS MANAGEMENT BULGARIA EOOD BEFT EOOD SOKAM TEHNOLODZHI EOOD A. 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INNOVA TEHNOLODZHIS EOOD EOOD START KOMPYUTARS OOD ITALSOFT EOOD FOLIO 3 BULGARIA EOOD ABIB EOOD SBND UEB TEHNOLODZHIS EOOD AKKTIS BG EOOD ORIZONSOFT EOOD EOOD TOUR VIA MI OOD ENTERPRISE DELIVERY PLAYGROUND EOOD RHYNDO EOOD TFC SOLUTIONS EOOD NT CONSULTING EOOD RILABS OOD DESIMAL EOOD TECHNEST SOFTWARE SOLUTIONS EOOD EDIS SOFTUER EOOD SIMEONOV SOFT EOOD IT STAFF EOOD SPIDER VIDEOS OOD ORAC EOOD SECURE GROUP LAB OOD BALKANTEC EOOD SKAY SITI BG EOOD OPTIMAL REMAP EOOD TOK I ZHITSA EOOD DIYANA - DANCHO DIMITROV ET PHOENIX MEDIA OOD MEDICAL INFORMATION SYSTEMS OOD WEB CONSULT BG EOOD EM DZHI BI KONSULT EOOD ARTEREM EOOD DEMIR CHOLAKOV EOOD VAN COMPUTERS OOD TEAM.BLUE BULGARIA EOOD NALIS EOOD SOFTSYSTEMS OOD MINCHE TA EOOD ESIS VARNA EOOD ADMISHAN MEDIA EOOD HOTELI OOD AY BI EY BULGARIA EOOD EUROCOMPUTERS OOD HVC EOOD UNICOM MICROSYSTEMS EOOD SOLAREDGE TECHNOLOGIES (BULGARIA) EOOD ISO-KOMPYUTARS - ISKREN IVANOV ET TRADERNET EOOD KODEBENDER EOOD ALFA - V SOFT EOOD NUVOLA OOD A-TEAM 24 OOD OOD SKAVALAYN EOOD MICROFOCUS APM SOLUTIONS EOOD PANDA SOFT EOOD ALT LABS OOD AYAKSOFT EOOD DZZD AYDOM I AY BI ES SPIRIT 94 EOOD EOOD INTERPLAY 2000 EOOD SISTEMHAUS FAU OOD NEOMEDIA EOOD LOIAL KONSULT - PLOVDIV EOOD VORDNAKSELA EOOD M I M DIMITAR CTOIKOV ET RT APPS EOOD KASAI OOD KSENKO KANSTRAKSHANS EOOD SKYSCANNER (BULGARIA) EOOD AT SOFTUERNI PRILOZHENIA EOOD PS KLINIK EOOD CYTEC BG OOD VENDICO EOOD NOAC EOOD DESI - 98 EOOD CABLE INTERNET SYSTEMS OOD NETCUBE EOOD MECHKI EOOD VIKRA - TSVETELINA KARAKOTSEVA ET BLUM BUZZ OOD VIMAG EOOD EOOD SKYNET BG OOD MARINOV SOFTWARE SOLUTIONS EOOD BESTE INVEST EOOD EOOD KAYATECH OOD QALISTIC EOOD ZABUSINESS EOOD YOURPOINT OOD AY KONTSEPT OOD XENON BG OOD OPTIMA - IVAN ZAREV ET STRATEGY OBJECT OOD TSENTROIDA EAD HUBEX OOD LUFTRAUM EOOD G P CONSULTANTS EOOD BITCOIN BULGARIA EOOD ADVANOR EOOD CRYOLOGIX EOOD TERES 33 EOOD ROCKET DIGITAL EOOD IT FLIGHT EOOD MAYAK SDK EOOD INTERACTIVE ENGINEERING EOOD HUBIS EOOD BRUSHCODE OOD UNIKOM - MIROSLAV MITEVSKI ET GROUPSENSE EOOD SMDEV SOLUTIONS OOD ADVANCED GPS TECHNOLOGY OOD IVAN DONEV ET STEDI TSV EOOD KOGITO-68 EOOD ENERGIKA OOD BALGERIAN OFIS EOOD DEVOLUK OOD TONKA STATEVA ET ET IMAGE GROUP DEVELOPMENT EOOD FYREX OOD ONPOYNT LIDERS EOOD EOOD IT OUTSOURCE OOD KONSULAT EOOD EOOD YUNIBAYT OOD BEELAB EOOD DEYTAKAYT OOD SIS NET 05 EOOD STEMO OOD TBD SOLUTIONS EOOD UEB PRO-SOFTUER EOOD DIMITAR VELEV EOOD FLEXPHON OOD NORD UEST KINGDAM OOD ENPIRA TEKHNOLODZHIS EOOD KAT PRINT-YORDAN GENOV ET FIBER LIGHT OOD A END A SOLUSHANS OOD IDS GLOBAL OOD GUKS TEHNOLADZHI EOOD EOOD SAIDOV INTERNESHANAL EOOD EOOD INSPIREYSHAN IU EOOD AV TECH EOOD IKOMARS INK EOOD TECHNO STREAM OOD TARGOVSKO PREDSTAVITELSTVO TANGRA SOFT DI END DI 2015 - DIANA PESHEVA ET DIGITAL SOLUTIONS EOOD COCOMORE BULGARIA EOOD TWINSTAR SOFTWARE HOUSE EOOD ADCASH BULGARIA EOOD OLERON OOD STEMI EOOD VITOSHA LABS AD ELCOM-BS EOOD MEGASET EOOD VOIVODA SOLUTIONS EOOD NETERI EOOD DIEL-LYBOMIR BOZHURSKI ET DIDZHITAL TEHNOLODZHI EOOD DZHI PI ES MAPS SOFTUER EOOD VERITAS PLYUS OOD RINATSKI EOOD FOOTBALL SCOUT AD ADMIN KORPOREYSHAN OOD ENTEGRA OOD FAMPO EOOD INOBIX LTT EOOD A WEB EOOD DIGITAL VENTURES EOOD A G A D EOOD CONSORTIUM BETWEEN PETROL SLOVENIAN ARGO VENTURES DIGITAL EOOD BLAGOVESTA YORDANOVA YORDANOVA ET ENERGY COMPANY D D AND ELTEC PETROL DOO ASPEKT.BG EOOD SIMPLI KONSALTING SARVISIZ EOOD MARK SYSTEMS OOD PROFYUZ DIDZHITAL OOD SOCIAL ART MEDIA EOOD CVETKO COLTCHAGOV OOD BPM PROJECT OOD SOFT ONE TECHNOLOGIES EOOD TIYM KOBRA EOOD EOOD MAXSUCCESS EOOD LAMDA 88 OOD RINF ENGINEERING RESEARCH OOD GRAFIK DIZAYN INTERNESHANAL EOOD EM DZHI ES BG EOOD EOOD ANTIM OOD V - SOFTWARE EOOD UNIMAKS OOD ZINILIY EOOD SOFT SAB EOOD CPS INTERNATIONAL TRADING EOOD BOUTSIOS STEFANOS EOOD AY.TI.EYDZH.BIDZHI EOOD MAYND INVEST EOOD PERFECT CONSULTING EOOD KSOFT EOOD APIS TREYD EOOD GIGAT STUDIO OOD ISG TECHNOLOGY EOOD 2CREATIVE OOD MARIEM N OOD NIRETI EOOD DELFIN 3 DIMOV AVRAMOVA FILIPOV I S IE SD V SYSTEMS EOOD KSOKS EOOD EOOD L END N BRADARS OOD NEXT IT SERVICES EOOD. IT INSTRUKTOR EOOD MONKONI EOOD IMPRESARSKA KASHTA ASEN ANTONOV ET 3-PLANES EOOD SYNERGY SERVICES INTERNATIONAL OOD DEVHEX EOOD SANDS EOOD DATA CONSULTING EOOD VOYPSISTEMS EOOD POLLENS EOOD MAX COMMERCE - NL EOOD BIZNES ASPEKTI EOOD PENTA AP EOOD STANISLAV STOYKOV - 2002 ET ROITECH OOD ONEBIT SOFTWARE EOOD FORNEKST EOOD ADATIS BG OOD KALINA - KALINKA DAMYANOVA ET BEST KAS EOOD EU CONSULT 53 EOOD 2 CREATE LABS OOD CARDS OOD IZPITAI ME OOD TELEKORNER EOOD DIMART STUDIO EOOD DIDZHIMARK EOOD INTEROP CONSULTING EOOD DAN CONSULT EOOD CLOCK OOD INFOMERA EOOD RENTILA OOD DOT NET BULGARIA EOOD STICKY BRAINZ OOD FUSION SOFTWARE EOOD RADIOACTIVE EOOD E STOR EOOD GENERAL WORKS EOOD CSPATH EOOD ESISOFT EOOD AVEX MICRODESIGN OOD KOMP-D - PLAMEN SHOTEKOV ET DESIGN STEADY EOOD TBG KONSULT EOOD AMBIO OOD MEDIATELY OOD EDINET - GEORGE ROPODIS EOOD SETCOM EOOD KUADRODAYNAMIKS OOD MLDT EOOD DADT_I EOOD NETWORK MEDIA SOLUTIONS OOD 34 SeeNews Industry Report

GUDUIL TREYD EOOD LOKUST EOOD MILESTONE SYSTEMS BULGARIA EOOD TEH4 EOOD EOOD YANEVI FLIYT EOOD EOOD DIGITALMEDIA EOOD DIT SOLUTIONS OOD STARTUP MASTERS OOD KUBI SERVIZ EOOD BINET OOD IGA BULGARIE OOD INFODONI 11 EOOD ILKO HRISTOV - AY-DZHI-SI ET THORINIT EOOD CODECOVER EOOD BEKYAROVNET OOD TORPLY EOOD INOVATSIONNI SISTEMI ZA UPRAVLENIE NA TOPLOSNABDIAVANE AD BEBO KLUB EOOD EOOD BIZNESA EOOD NETWORK MANAGEMENT INNOVATIONS EOOD BD SOFT OOD RIGHT CLICK EOOD INFOLEVEN POWER EOOD SCIENTIA POTENTIA EST EOOD NIXES EOOD ALBA - SOFT OOD EM DI 1 KONSULT EOOD DOEROS EOOD DANIMIRA 8880 EOOD ADAGIO EOOD SECURAX EOOD NONILLION BULGARIA EOOD “APLUSHANS” OOD VELOCITY FOCUS EOOD BON ART PRESTIJ EOOD FASDEV EOOD ZERO ATTENTION SPAN EOOD LIGHT LAB EOOD FRESH UEB GRUP EOOD INTELLISTEPS EOOD ANAMI PRODZHEKTS OOD MITA - 10 EOOD PIKSELMAR EOOD FB01 EOOD TERMO KONTROL EOOD THE OLD SCHOOL EOOD RIVA SOLUTION OOD IMEA SOFT EOOD ENTERSOFT BULGARIA EOOD PL COM OOD UEB BOKS EOOD BIZNES SOFTUER SISTEMI EOOD HART ADVARTAYZING EOOD EVELIN EOOD STARKOM FIMA MARCHEVA ET ADS END TREYDING EOOD EOOD BATAL FUTBOL OOD K N N SOFIA OOD OMNILEX CONSULT OOD DIGID WORKS EOOD BROLIN EOOD DROP MONSTER EOOD IDEAS EOOD ADA COM OOD DSOFT-BULGARIA EOOD NOMAD TECHNOLOGY EOOD VICLANE EOOD TELECOM ASSET EOOD IRID SARVISIZ EOOD LILAV LIMON OOD VOBO EOOD IMK CONSULTING EOOD SM CONSULTA OOD KRELIN OOD STUDIO PETROV EOOD CLOXY EOOD MDG EOOD DZHI EM AY INZHENERING EOOD AYAGASHA ENTERPRISES EOOD MEDIACASE EOOD SOFIYANO EOOD EF OU SIY SALYUSHAN OOD TELESOFT KONSULTING OOD TH - ART EOOD SEASIDE CONSULTING OOD ZARATA EOOD VIDZHI 11 EOOD AYOZ EOOD BALLER EOOD BRIGHT INFO TECH EOOD BREYNUER-GEORGI GICHEV ET YARA BULGARIA EOOD AR SI SI SOLYUSHANS EOOD BACKLINKS ENGINE EOOD TAYMINVEST GRUP OOD SOFIADEV EOOD ALPHABRAIN EOOD LAST MAIL OOD TESNET EOOD KREDOUEB INTERNESHANAL EOOD NEDWARE EOOD SOLERS BULGARIA OOD STUDIO LAN EOOD TERRACARTA EOOD YORDANOV - SYS EOOD ERK SYSTEMS EOOD DOSSEV & CO EOOD TRAMPLINA BULGARIA EOOD DATA LABS EOOD ADAMANT EOOD INDUSTRIALEN SOFTUER I SISTEMI OOD G & G TECHNOLOGIES EOOD VNMIO OOD PRODAKS EOOD AUTO KOMERS OOD APMG NET OOD HIPOKRAT SERVIZ EOOD SOFTSERVE BULGARIA EOOD AKTALZ EOOD RENTM MEDIA EOOD POTOMAK EOOD DZHIDZHI STUDIO EOOD TEHNO-SP EOOD SUNGATE SOLUTIONS EOOD SILENIYA EOOD ENVIVO EOOD DZZD KONPAR-MON DZZD APRIL MEDISOFT EOOD SISOFT OOD INFOSOFT OOD UNINOTES OOD ATCOM BULGARIA EOOD KOMPYUTARNI INFORMATSIONNI SISTEMI-KIS ENTER CRM EOOD EOOD CHROME EYE DESIGN BULGARIA EOOD MEGAMOBILE EOOD I SOLUTE EOOD IVENTIKA PARTNARS OOD MARKWAY EOOD COMPTEL COMMUNICATIONS EOOD IRVIN OOD BINETIX EOOD DZHOB INFO EOOD SOFTWARE GROUP BG AD CODECONTROL EOOD VIRTEH OOD KONSORTSIUM TELELINK - INFO DZZD GLOBAL SOFTWARE EOOD AVINAD EOOD HAYMEDIA EOOD ORGON GRUP EOOD EOOD EKSRENDERS EOOD EOOD CODEV SOFTWARE EOOD INFONOTARY EAD KOMKOM-SARVIZ EOOD PROEKTI BG OOD BOYADZHIEV KONSULTING EOOD AFIDZHI EOOD EOOD TESTARS OOD PROUEBS EOOD OL UEB EOOD SOFTELEKTRIK INZHENERING EOOD EOOD NAS TEHNOLOGII EOOD KALISOFT EOOD BURDENIS - COM OOD CODEATTEST OOD FONDINVEST EOOD TAMB OOD PURPLE SOFT EOOD PUREGO OOD EL AY DI ES EOOD FORTE SOFT OOD CRUDL EOOD RPS BG EOOD SHOUSE EOOD RIMOUT TIYM MEMBARS OOD SOFTLIB OOD GRAPHACTORY OOD VISION UNSEEN EOOD YUNAYTID FLEYVARS OOD ATLAS SERVICES OOD VIVA EOOD LAYFSKOR OOD MEDIINA AGENTSIA GLOBAL OOD COMPACT-IS OOD TELELINK BUSINESS SERVICES EAD INTERIO CAPITAL OOD DATAMPLANT OOD EY VI SOFTUER EOOD BRANDMAKER.BG EOOD LITTLE WEB OOD BER SOFT EOOD REPULSE EOOD DZZD BROUDBAND BULGARIA GREEN MONKEY EOOD KIBERNETIKA & CO OOD D SAPORT EOOD LEET SOFT EOOD GLOBAL DENT OOD DEVELOPIKA EOOD TRANSMUTATORS EOOD OPPORTUNITY BULGARIA EOOD INTERNATSIONALNI SOFTUERNI I SUPERNOVA FACTORY EOOD INFORMATSIONNI USLUGI OOD WEBTARGET OOD FAYV TAPS EOOD MND - ILCHEVI EOOD HAKERKENDI EOOD EOOD AGRAS INTERNATIONAL EOOD WORKS EOOD SLOT DESIGN CONSULT EOOD VLP CONSULT EOOD CYBER LAB PLOVDIV EOOD PARAPLET EOOD MINEV CONSULT EOOD SHOWPROS EU EOOD KRALEV SOFT OOD HEXSTEP EOOD TELBRO EOOD OPENLINK SOFTWARE BULGARIA AD G.S.V.P IZDAVACHKA KUKA KCHT XANDIRIA EOOD DEVISIO EOOD HOUM IT KONSULT EOOD HARDSOFT EOOD IKUAFAY OOD NYUSIST OOD TINEYA ALFA OOD KU RISARCH EOOD KONTINEO EOOD Z-SISTEM EOOD ARANGO 2 EOOD APTOS OOD ALFASTAK OOD REWARD GATEWAY (UK) BRANCH OPEN TECHNOLOGIES BULGARIA EOOD FC CONSULTING EOOD ALMOOOND EOOD SIGMA EOOD KONSENTIO OOD ALSO BULGARIA EOOD DITRA OOD INEXTYN EOOD DI EM EN DIZAYN EOOD TOP SOFT 2013 EOOD ASENALI EOOD ZEMKA KANSALTING EOOD STANEVI & CO OOD ANSARA MEDIA OOD DS 6 OOD NOLIS TIM EOOD NAVV NEDYALKO HRISTOV ET SOS SECURITY EOOD PEVMA EOOD HARP STUDIO EOOD MIKENA ODITING OOD UNIVERSE -PETROVI & CO SD VENICOMNET OOD 35 SeeNews Industry Report

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BONEA EOOD ZAVEDENIA BG EOOD MELAKIT EOOD PSISEERV EOOD BIZWARE INT EOOD UEBVELA OOD NYU ELEKTRIK EOOD LUCIDLINK EOOD DIKMAN SYSTEMS OOD FIRST OOD ALLSAT BULGARIA OOD INTERNATIONAL BROADCASTING SOLUTIONS EOOD KODPLOD OOD PLUSH SOFT OOD KURABIA EOOD SPACE LINE OOD HOTINGER INTERNESHANAL BAN EOOD INTELITI EOOD DIGITAL WAY EOOD SALYUSHANS FOR YU EOOD JP SPECIAL EOOD CAR DATA OOD G M 100 EOOD PROCOMP EXPRESS OOD IP MEDIA SOLUTIONS BULGARIA OOD MICROVISION LAB EOOD POWERBOX BG EOOD SMANATSKA EOOD KLOROPHILA EOOD LIR BG EOOD JOAN COMPANY EOOD MIMI - MARIYA ATANASOVA ET YUROSINERDZHI EOOD HI WERK EOOD ANVILSOFT EOOD PRODUKSHAN HAOS PRODZHEKT OOD CORS COMPUTERS EOOD BG WEB OOD INOVATIVNI INFORMATSIONNI SISTEMI EOOD MAIL.BG EAD WISH DEVELOPMENT EOOD INFRA KLAUD SALYUSHANS EOOD EOOD HYPERASPECT EOOD MM DEYTA SISTEMS EOOD TRAVEL B2B EOOD INTELIDZHANT UAYARS EOOD PAYROLL PRO EOOD THINK LAB EOOD PRODRIVE PA EOOD INSTALLATIONS AND MACHINE BUILDING EOOD INFO RAMPA EOOD MATRIX I.T. GLOBAL SERVICES BULGARIA EAD EARSTEYDZH EOOD EOOD INIKON 2010 EOOD VASMAR SOLYUSHANS OOD FLEKSIO EOOD SIGMAR - 2017 OOD SOFIYA IGRAE OOD BANKWARE EOOD JNE SOFTWARE AND MARKETING SERVICES VM +K INVEST EOOD IT ASTI BULGARIA EOOD EOOD XYZ EOOD MY COMPANY FINANCE OOD AGRO ADLER EOOD PARAGON KONSULTING EVROPA OOD GATESYS EOOD DAN ELECTRONIC OOD PRIMULA NETUARKS EOOD TELICA OOD DOBRICH NET EOOD INNOVA CREW OOD HARD - GEORGI ATANASOV ET LEVAL PLYUS OOD ASEKO KONSULTING EOOD VESELINI EOOD PROKON SOFT OOD INFOUARKS OOD ARMSOFT M EOOD CHERVENATA KRUSHA EOOD BI ES BI EM OOD ANTIDA EOOD EKATERINA GEORGIEVA BONEVA - 2015 ET GLOBAL INTERACTIVE SOLUTIONS EOOD TECHNOLOGICA - PLOVDIV OOD ELECTRON PROGRES EAD DEMA - VESELINA DIMITROVA ET ITRACK BG OOD THS CONSULT EOOD MARTEN SOFT OOD IT ST TECHNOLOGY EOOD QUINRON OOD EYDIES - BG EOOD ESENSIO EOOD NETBOX EOOD SMART APPS EOOD ARIMAX EOOD NIKEM NET OOD SILISTRA TELECOM SOLUTIONS OOD OKOTO NETWORKS EOOD RAYTEX ENGINEERING OOD STANDART CONSULT EOOD AKSENCHAR SPA ITALIYA - MSD REWARDS LABS OOD HOSTING SERVICE EOOD KOMSET T EOOD MAXCART INTERNATIONAL OOD LEFI SOFTUER EOOD DWARE EOOD OBECTO EOOD 13AM OOD VEDASOFT - YORDANKA KOSTOVA ET EKTOMA EOOD BARISOFT EOOD DESK EOOD INAT - IVAYLO BOZHINOV ET ONBOXMEDIA EOOD ONTOTEXT AD STACKPORT EOOD NAVA SOLUTIONS EOOD ANOG - 50 - BOYKA TSARKOVA ET DEYTA KONSULT OOD MAGNY EOOD APPCENTURE OOD BUSINESSOFT OOD SHALOM - BLAGOVEST BELEV ET PKS EOOD RODEO MEDIA EOOD DZHULIAS SALUSHANS OOD STUDIO SOKEROV EOOD MIDI SPOT VARNA EOOD NETEA EOOD RORDIN EOOD ODD STORM EOOD FOI KONSULT OOD ORTEM M EOOD DENY-TRADE OOD GOOSE AD EMDISOL OOD ALPHAMATIC EOOD R& D SOLUTIONS OOD DNV-SOFT-DIMITAR VLAHOV ET UNI HOST EOOD EOOD CONTENT INSIGHTS EAD VM5 OOD ELENA SDC EOOD GKSOFTWARE EOOD MOLLOV APS EOOD HA STUDIO EOOD SMARTEK EOOD AOTEAMANA EOOD TODO UEB EOOD SEASGAN INNOVATIONS OOD BIT OOD 3T COM EOOD ALVIAN EOOD IVELIKO EOOD SYNCHRONOUS CONSULTANCY EOOD UNBORED PRO OOD KSD INVEST OOD DZHEYEL SOFT OOD RILA CLOUD EOOD MSMMST MARKETING EOOD S I T YUTILITI DZZD NISET OOD BRAINTREE SOFTWARE SERVICES EOOD KOMPYUMOTOR-NIKOLAY PETKOV ET EDNA FIRMA EOOD AY GEYMING BULGARIA EOOD TOP BRAND OOD EZNET EOOD ANDROMEDA SOFTUER EOOD 41 SeeNews Industry Report

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