Kafein Technology, which provides technology software and management services, has shifted its focus towards international expansion. Cem Kalyoncu, Chairman of the Board at Kafein Technology, states, "We will be opening international offices in the Netherlands, the UK, the USA, and the Middle East." Kalyoncu also mentions that the company is open to acquiring new companies.

Publicly traded technology company Kafein Technology, with over 800 employees, meets the technology software and management needs of local and global clients in the telecommunications, banking, tourism, services, retail, and insurance sectors. The company closed the third quarter of 2023 with a revenue of 536 million TRY and grows by an average of 50% annually. In 2024, the company aims to achieve growth that is at least 10% above inflation.

New R&D Studies

Kalyoncu, stating that the total R&D budget is 22.5 million TL and R&D expenses are 10.1 million TL, mentioned that in 2024, they are working on an API Security Solution designed to ensure the security of sensitive information, which provides an advanced threat detection and prevention approach, as well as DataFocus, a data management solution offering high-level control and reliability in data management and compliance.

Kalyoncu, stating that they have shown significant growth in cybersecurity through both subsidiary investments and their own internal structures such as All-in Cyber in recent years, mentioned that in 2024, they have set strategic goals to advance in cloud, application, and operational technology security. He added, "We have prioritized the widespread use of our own developed cybersecurity software, APIFORT. We expect our cybersecurity revenue, which has reached approximately 30 million TL, to continue to see increasing performance in the coming period."

It has 200 million TL in cash.

Kalyoncu, stating that they evaluate financial investments in subsidiaries operating in trending technologies with growth potential and products and services that can create mutual synergy by establishing cross-selling channels, continued as follows:

"We currently have a cash reserve of 200 million TL from our recent successful financial investments. Our investment areas are vast, and they may include companies that target business partners with widespread potential but relatively low competition, or companies in fields such as IoT, AI, cloud services, and cybersecurity that will quickly elevate us and support our exports with their products."

News Link: https://www.ekonomist.com.tr/makale/kafein-den-yurtdisinda-buyume-atagi-48955