Q&A: Kyriacos D. Stylianides, Managing Director, Supernova Consulting

SAP’s first gold partner in Cyprus, Supernova Consulting, is celebrating its 20th anniversary. As a global consulting, technology, and outsourcing organization with clients in over 30 countries, Supernova Consulting builds and delivers business and technology solutions. By advising businesses on how to implement globally competitive and innovative technological solutions, they help businesses improve efficiency, achieving their most essential objectives and accelerating their businesses’ growth.

How do you assess the resilience of the Cypriot economy?

Overall, the Cypriot economy has proven to be more resilient than we all expected, and this has been driven mainly by the three economic pillars of real estate, services, and tourism. However, we also see a growing number of private investments in key industries, specifically in technology, fintech, energy, transport, education, and healthcare. 

These industries are increasingly implementing globally proven solutions to boost efficiency, and the way forward has been to digitize. Companies moving to the cloud are leveraging international expertise, recognizing digital transformation as an underlying driver of the efficiency for all these sectors.

Why is the digital cluster in Cyprus expanding?

Cyprus is a regional hub not by coincidence. There is a united vision in Cyprus to foster economic development and a desire to strengthen the overall business ecosystem. The government and local businesses share this mission. We want Cyprus to be one of the top countries in the world to do business, work, and live.

During conversations with local partners, they often cite three reasons why they chose Cyprus. One is the favorable tax system and world-class business services. Second is the high quality of life. Thirdly, Cyprus is an exciting hub where everyone wants to be, especially in financial services, fintech and ICT.

We have a low-tax and affordable business environment that is attracting exciting next-generation industries. With the increase in demand, connectivity is also improving and becoming more reliable, helping to further attract entities to join Cyprus’s growing digital hub. Cyprus is making great strides in digital transformation. At Supernova, we focus on providing those digital technologies. 

What inspired you to start Supernova Consulting?

Supernova was founded in 2003, intending to help local Cypriot SMEs transform digitally. The aim was to boost their growth and make them more successful by advising them on how to implement innovative digital solutions. While the initial focus was Cyprus, now two-thirds of our clients are international companies that have a presence in the region. We now serve clients in over 30 countries. Our highly skilled personnel take a holistic approach to solving our clients’ challenges. We help clients embrace the digital agenda, enabling them to unlock their full potential, flourish, and grow.