Category: Business

Only two months after being approved by the EIF Board, Early Game Ventures launches its second investment fund

Only two months after being approved by the EIF Board, Early Game Ventures launches its second investment fund

First closing occured on April 25 and marks the official launch of the second Early Game Ventures investment fund, which has a total value of 60 million euros. The new fund will invest exclusively in early-stage technology startups, continuing the thesis of the first Early Game fund. It will focus on areas such as cyber security, enterprise software, and AI […]

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BASF Group: Reporting on the 2023 business year

BASF Group: Reporting on the 2023 business year

In a market environment shaped by economic uncertainty, BASF Group reported sales of €68.9 billion in the 2023 business year, compared with €87.3 billion in the previous year. This sales development was mainly driven by considerably lower prices and volumes. Lower raw materials prices in particular led to lower prices in almost all segments. Sales volumes fell in all segments […]

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Limitless Agency ended 2023 with a turnover of €4.25 million, up 31%

Limitless Agency ended 2023 with a turnover of €4.25 million, up 31%

Limitless Agency, one of Romania’s main digital marketing agencies, reports a turnover of 4.25 million euros in 2023, up 31% compared to the previous year, becoming one of the largest profile companies in a fragmented market. Limitless Agency’s growth is due to the development of the digital marketing market and new investments, the expansion of the client portfolio, and the […]

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The Romanian software company Softeh Plus, fully acquired by the Polish Group Symfonia

The Romanian software company Softeh Plus, fully acquired by the Polish Group Symfonia

Softeh Plus, a Romanian company with over 30 years of experience in the software ERP industry, announces the full acquisition by Symfonia. Symfonia is a market leader in ERP and HCM software solutions for small and medium-sized companies in Poland and is backed by the two leading technology investors: Accel-KKR from Sillicon Valley, as well as MidEuropa from Central Europe. […]

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Vertiv Acquisition of CoolTera Ltd. Boosts Liquid Cooling Portfolio

Vertiv Acquisition of CoolTera Ltd. Boosts Liquid Cooling Portfolio

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that subsidiaries of the company have entered into a definitive agreement to acquire all of the shares of CoolTera Ltd. (CoolTera), a provider of coolant distribution infrastructure for data center liquid cooling technology and certain assets, including certain contracts, patents, trademarks, and intellectual property from […]

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CloudCart Opens New Investment Round to Raise 10 Million Euros by the Fourth Quarter of 2024

CloudCart Opens New Investment Round to Raise 10 Million Euros by the Fourth Quarter of 2024

CloudCart, a professional platform for creating online stores, is launching a campaign to raise 10 million euros in Series A funding by the fourth quarter of 2024. With stable financial forecasts, the company expects to exceed a turnover of 25 million euros over the next four years, utilizing its scalable business model and innovative AI solutions. Over the past three […]

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Xiaomi 2023 Q3 Adjusted Net Profit Surges 182.9% to RMB6 Billion

Xiaomi 2023 Q3 Adjusted Net Profit Surges 182.9% to RMB6 Billion

Xiaomi Corporation (“Xiaomi” or the “Group”; stock code:1810), a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an Internet of Things (“IoT”) platform at its core, announced its unaudited consolidated results for the three months ended September 30, 2023 (“2023 Q3” or “the Period”). Through the steadfast implementation of its core operating strategy focusing on […]

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Schneider Electric finalizes acquisition of EcoAct

Schneider Electric finalizes acquisition of EcoAct

Schneider Electric, the global leader in the digital transformation of energy management and automation, announces that subsequent to entering into exclusive negotiations with Atos Group on July 3, 2023  it has finalized the acquisition of EcoAct SAS (“EcoAct”), an international leader in climate consulting and net zero solutions headquartered in Paris, France. The completion of the transaction follows consultation with […]

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BASF Group’s EBIT before special items in line with analysts’ consensus in third quarter 2023; outlook for 2023 unchanged

BASF Group’s EBIT before special items in line with analysts’ consensus in third quarter 2023; outlook for 2023 unchanged

BASF Group’s sales in the third quarter of 2023 amounted to €15.7 billion, down by €6.2 billion compared with the prior-year period. The decline was mainly due to considerably lower prices, primarily in the Materials, Chemicals and Surface Technologies segments. Higher prices in the Agricultural Solutions segment had a positive effect. In addition, sales performance was weighed down by considerably […]

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ALIANT announces the partnership with SHARP Printing Solutions and becomes the official distributor, in Romania, of the Japanese consortium

ALIANT announces the partnership with SHARP Printing Solutions and becomes the official distributor, in Romania, of the Japanese consortium

The Romanian company Aliant, IT integrator, provider of digital transformation services and Xerox partner for 30 years, adds to its portfolio dedicated to both resellers and end customers, the equipment and printing services of the Sharp company. One of the strongest brands on the Asian market, Sharp offers, through its Document Management and Printing division, secure, configurable services that bring […]

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Franchwise and Logiscool announce a new partnership to expand the franchise with 10 more educational centers, among which they aim to enter the market in the Republic of Moldova

Franchwise and Logiscool announce a new partnership to expand the franchise with 10 more educational centers, among which they aim to enter the market in the Republic of Moldova

Franchwise, the largest consulting company in the field of franchises, announces the expansion of its partnership with Logiscool Romania, the largest educational franchise in the country specialized in programming and robotics courses for children and teenagers, through which it aims to develop the Logiscool network with 10 more new units in the next two years, including entering the market in […]

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Termene.ro grew in the first half of the year

Termene.ro grew in the first half of the year

Termene.ro, the business intelligence platform from Romania, which integrates data analyzed with the help of artificial intelligence about companies, recorded a turnover of 1.2 million euros (6 million lei) in the first half of 2023, up to 37% compared to the same period last year. “The year 2023 started with a lot of dynamism for Termene.ro, with a new strategy […]

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