Sirma Group Holding celebrated its dual listing with an opening bell ceremony at the Frankfurt Stock Exchange, marking a strategic expansion into one of Europe's premier financial centers. The event, attended by company leadership and representatives from both the Frankfurt and Bulgarian stock exchanges, signifies Sirma's evolution from a regional technology leader into an internationally recognized enterprise software provider with enhanced access to European capital markets.
The company's unique position stems from its foundation in 1992 as an early artificial intelligence innovator, now delivering enterprise software solutions across banking, insurance, healthcare, travel and hospitality, transportation & logistics, retail, and the public sector. Sirma combines deep industry knowledge with proprietary platforms and advanced artificial intelligence through its Sirma.AI Enterprise platform, transforming complex data into actionable insights for hundreds of clients worldwide.
Already listed on the Bulgarian Stock Exchange since 2015, Sirma's Frankfurt debut expands investor access, enhances liquidity, and strengthens visibility among international institutional investors. The company is listed in the EuroBridge segment, which creates growth opportunities through joint efforts between the exchanges.
Tsvetan Alexiev, CEO of Sirma Group Holding, stated that Frankfurt offers technologically savvy investors, proximity to core DACH and Western European markets, and governance standards aligning with company philosophy. He emphasized this as a defining moment that reinforces Sirma's decision to enter one of Europe's most established financial centers, serving as a positive signal for international investors and Bulgarian companies competing globally.
Manyu Moravenov, CEO of the Bulgarian Stock Exchange, noted that Sirma's dual listing represents a significant achievement for both the company and Bulgarian capital markets, demonstrating that Bulgarian companies can successfully compete in Europe while maintaining home market connections. He highlighted expectations that Bulgaria's path toward the euro area will strengthen investor confidence and visibility, encouraging more Bulgarian companies to attract international interest through platforms like EuroBridge.
Caroline von Linsingen, Head of IPO & Growth Financing at Deutsche Borse, welcomed Sirma to the Frankfurt Stock Exchange, noting that the dual listing highlights European capital market integration and Frankfurt's role as a gateway for innovative European companies.
Sirma enters the Frankfurt market as an established European technology group with more than 800 employees and a distinctive heritage as an early AI innovator. The company generated consolidated revenues of approximately EUR 66 million in 2025, with 43% recurring revenue, while its market capitalization stood at around EUR 77 million as of late January 2026. The share price delivered 94% growth in 2025, rising from EUR 0.50 to EUR 0.97, with momentum continuing into 2026.
The dual listing provides access to a broader analyst base and institutional investors who understand enterprise software economics and recurring revenue models. Sirma offers a de-risked entry point into European enterprise AI technology, differentiated by over three decades of proven AI implementation experience, a decade of audited financials as a public company, diversified revenue streams across multiple sectors, and continued investment in next-generation enterprise AI platform modernization. Investors can find additional information through the company's investor relations portal.
