Romanian software provider for power and gas industry Ringhel among winners in CEE Startup Challenge 2020

Ringhel, leading Romanian software provider for power and gas industry ranked first at the fifth edition of CEE Startup Challenge, a competition organized by Vestbee.com, an international platform connecting Investors and corporates with CEE startups.

Selected from hundreds of applicants from Central & Eastern Europe and DACH (Germany, Austria and Switzerland), Ringhel won the Best Impact Startup award category.

“I am grateful and humble for gaining this recognition, amongst 900 companies from across Europe. This shows that our efforts are heading in the right direction and we are taking all the necessary steps towards our aim of changing the way software is created and delivered worldwide,” said Mihai Dârzan, CEO Ringhel.

Launched in 2014, Ringhel startup has been increasing the digitalization level of power and gas companies by delivering out-of-the-box ERP & CRM software helping them manage their business flows end-to-end, using automation-based processes. The software is conceived in such a way that allows power and gas companies to easily adapt to new market or regulation requirements, helping companies manage business 360 degrees, from end to end, making business processes automatic and avoiding human intervention and error as much as possible.

Currently, the Ringhel company is estimated at about 7 million Euro, having the potential to rapidly increase its value by the launching of PROCESIO, the latest technology developed by the same software company.

The company’s customer portfolio includes over 50% of active electricity suppliers and 20% of gas suppliers on the Romanian market, including CEZ, E.ON, ENGIE, Lukoil, MET Romania Energy, Restart Energy and many others. In 2018, Ringhel entered the Serbian market and is currently planning to target other European markets in order to rank as among one of the first choices of ERP & CRM on the European and USA’s power and gas markets.