CBS IT Systems Cyprus: A Leading Presence in the Digital Transformation of Cyprus

CBS IT Systems Cyprus: A Leading Presence in the Digital Transformation of Cyprus

Strategic Expansion, New Projects, and Innovative Technology Solutions

During the Cosmos Group press conference, the company presented its financial results and strategic initiatives for Greece and Cyprus. Special emphasis was placed on the leading trajectory of CBS IT Systems Cyprus, which now plays a pivotal role in implementing digital transformation projects across both the public and private sectors in Cyprus.

With projects exceeding €10 million in the first half of 2025, the company reaffirms the trust it enjoys within Cyprus’ technology landscape.

Key Cosmos Group Projects in Cyprus – H1 2025

  • A three-year contract with Cyta for the supply of Cisco products, including equipment, licenses, and related maintenance services.
  • Cybersecurity & SOC services at University of Cyprus.
  • IT systems (HPI) across all public universities in the country.
  • Projects in the banking sector, which shows significant activity and increasing security requirements.

Proposals for the Cyprus Market

The Group’s Chairman, Mr. Dimitris Dafnis, highlighted challenges and presented specific proposals to enhance ICT project effectiveness, including:

  • Fast-track processes for tender evaluation and award stages.
  • Unified technical specifications.
  • A national ICT partner registry.
  • Funding schemes for the post-RRF / ESIF period.

Vision Towards 2030

CBS IT Systems Cyprus aims to play a key role in projects exceeding €50 million by 2030, focusing on:

  • Customized AI solutions for the public sector and businesses.
  • Digital governance, defense, healthcare, and education projects.
  • Recurring business models (recurrent business).

In response to a related question, the Group’s Chairman, Mr. Dimitris Dafnis, stated: “Our presence in Cyprus since 1996 has always been, and will continue to be, a strategic priority. Cosmos invests in Cyprus, strengthens the local economy, and ensures reliable technological support for the critical infrastructures of tomorrow, leveraging the best practices and expertise acquired through complex IT and communications projects in Greece, Cyprus, and abroad. With a workforce of 300 and a wide range of specializations and certifications, the company has all the prerequisites for the successful undertaking and completion of complex projects across all categories…”

CBS IT Cyprus
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