Sirma Group Holding Achieves Dual Listing on Frankfurt Stock Exchange

Sirma Group Holding celebrated a significant milestone in its capital markets journey by ringing the opening bell at the Frankfurt Stock Exchange, marking the successful completion of its dual listing and opening new avenues for expansion into one of Europe's premier financial centers. The ceremony took place in the presence of Sirma's Board of Directors and executive management, along with invited partners, long-term collaborators, and senior representatives from both the Frankfurt Stock Exchange and the Bulgarian Stock Exchange. This milestone marks Sirma's evolution from a regional technology leader and pioneer in artificial intelligence into an internationally recognized enterprise software provider with enhanced access to European capital markets.

What distinguishes Sirma in the technology landscape is its unique position as a company that has built intelligent software solutions since its foundation in 1992. As a European technology group, Sirma delivers enterprise software solutions, with a strong and growing emphasis on artificial intelligence as a key enabler of business transformation, and with extensive expertise across banking, insurance, healthcare, travel and hospitality, transportation & logistics, retail, and the public sector. The company combines deep industry knowledge with proprietary platforms, complex enterprise systems, and advanced artificial intelligence, delivered through its Sirma.AI Enterprise platform, to support organizations in their digital, data, and process transformation. These solutions transform complex data into actionable insights, driving growth, resilience, and operational efficiency for hundreds of clients worldwide.

Already listed on the Bulgarian Stock Exchange since 2015, Sirma's debut in Frankfurt expands investor access, enhances liquidity, and strengthens visibility among international institutional investors. The joint efforts of both stock exchanges have created growth opportunities for new participants in the EuroBridge segment, where Sirma is listed. Tsvetan Alexiev, CEO of Sirma Group Holding, stated that Frankfurt offers the perfect combination of technologically savvy investors, close proximity to core DACH and Western European markets, and stringent governance standards that align seamlessly with the company's philosophy. He emphasized that this serves as an ideal platform for enhancing Sirma's global visibility during this crucial growth phase.

Manyu Moravenov, CEO of the Bulgarian Stock Exchange, commented that Sirma's dual listing is a significant achievement not only for the company but also for the entire Bulgarian capital market. This milestone shows that Bulgarian companies can successfully compete on the European stage while maintaining strong connections to their home market. He expressed pride that Sirma has chosen to continue its relationship with the Bulgarian Stock Exchange as it expands internationally, taking advantage of opportunities available under the EuroBridge segment and the strong partnership with Deutsche Börse. Looking ahead, he expects Bulgaria's path toward the euro area to further strengthen investor confidence and visibility, encouraging more Bulgarian companies to attract international interest and access broader pools of capital.

Caroline von Linsingen, Head of IPO & Growth Financing at Deutsche Börse, added that the exchange is excited to welcome Sirma Group Holding to the Frankfurt Stock Exchange. This dual listing highlights the integration of European capital markets and Frankfurt's role as a gateway for innovative European companies. She expressed pride that the platform can support Sirma by enhancing the company's visibility and liquidity across Europe and beyond. Sirma enters the Frankfurt market as an established European technology group with more than 800 employees and a distinctive heritage as an early AI innovator. Since 1992, the company has developed AI-powered software to address complex enterprise challenges across highly regulated industries.

In 2025, Sirma generated consolidated revenues of approximately EUR 66 million, with 43% recurring revenue, a testament to the mission-critical nature of its AI-powered solutions, and the long-term relationships it maintains with enterprise clients. As of late January 2026, the company's market capitalization stood at around EUR 77 million. The share price delivered 94% growth in 2025, rising from EUR 0.50 to EUR 0.97, with momentum continuing into 2026, reaching EUR 1.29 on January 30. 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.