Internationalisation is the secret of success for Maltase software company with 40,000+ global customers
Altaro Software grows from 42 employees in 2016 to 93
During a courtesy visit to Altaro Software at the Malta Life Sciences Park, Minister for Foreign Affairs and Trade Promotion Carmelo Abela, Trade Malta CEO Anton Buttigieg and Leonie Aquilina Xuereb, Assistant Director International Development, Economic Affairs & European Institutions, witnessed how the company has grown from strength to strength, gaining more than 40,000 customers worldwide in recent years thanks to its focus on internationalization.
Altaro is headquartered in Malta with offices also in the United States, the UK, France and Germany and Macedonia. Its growth figures include a significant increase in its global team size that has more than doubled in two years, from 42 employees in 2016 to 93 today, with further recruitment plans in motion.
Minister Abela took the opportunity to learn more about the company’s strategy and operations while experiencing firsthand how Trade Malta has assisted the company with its export-oriented approach.
A developer of off-the-shelf software solutions that are sold worldwide, Altaro was founded in 2009, following a chance encounter between its four co-founders – David Vella, Simon Attard, Julian Pace Ross and Stephen Chetcuti Bonavita – who realized that they shared the dream, drive and skills to launch their own software start-up. Funded out of their personal savings and countless labor-intensive days, their little team worked at second-hand desks in a small basement to save on costs.
From those humble beginnings, Altaro today counts more than 40,000 businesses spread over 121 countries as its clients. It has a global network of more than 7,000 partners and its customers include industry leaders like NASA, Microsoft, Xerox, Discovery Channel, Amazon, Thomson Reuters and Peugeot. It has won numerous awards, including Storage Awards Company of the Year 2018; Rising Star 2017 Award at the Ernst&Young Entrepreneur of the Year™ Awards; CRN 2017 Tech Innovator Award and CIO Applications Top 25 Microsoft Solution Providers 2017.
Altaro CEO, David Vella, thanked Minister Abela for his interest in Altaro and his willingness to learn about the trials and triumphs the company has faced to date.
“We owe our success to our team’s hard work, commitment and efforts to continually deliver quality solutions that satisfy our customers,” said Mr Vella. “However, we must also express our gratitude to Trade Malta, with their ready advice, export assistance and attractive incentives which enable us to exhibit in different parts of the globe, reaching thousands of prospects. We are also indebted to organizations such as Malta Enterprise, with its business-centric approach, that also support local businesses striving for success.”
Minister Abela, whose portfolio includes Trade Malta, thanked Altaro for hosting him to an open view of their day-to-day operations. “Thank you for welcoming me to your offices, and for giving me an overview of the steps you have taken to become the success story you are today,” he said. “Your achievements serve to inspire fledgling companies and startups and demonstrate how they can make use of services such as those offered by Trade Malta to help them grow.”