Category: Business

Cegeka takes over DAS Solutions in Moldova

Cegeka takes over DAS Solutions in Moldova

Cegeka, a leading provider of IT&C solutions, has entered into a partnership with DAS Solutions from Chisinau, Moldova. We are talking about a so-called ‘asset deal’ in which Cegeka takes over 25 employees and 12 international customer contracts. Neither party will disclose any financial details about the acquisition. Growth in technological expertise DAS Solutions builds and develops functional software products […]

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Romstal Group’s majority shareholder finances Romanian company Sypher with 100,000 euros

Romstal Group’s majority shareholder finances Romanian company Sypher with 100,000 euros

Sypher is running a SeedBlink funding round, at the end of which it aims to raise €550,000. The round is led by Sparking Capital with €225,000 as lead investor and the majority shareholder of Romstal Group is contributing €100,000. Sypher is the local startup that developed the GDPR Virtual Assistant – a software platform that helps companies with GDPR compliance. […]

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Vertiv to Acquire the E&I Engineering Group

Vertiv to Acquire the E&I Engineering Group

Vertiv, a global provider of critical digital infrastructure and continuity solutions, today announced that through its subsidiaries, it has entered into a definitive agreement to acquire E&I Engineering Ireland Limited and its affiliate, Powerbar Gulf LLC (“E&I”) for approximately $1.8 billion in upfront consideration plus the potential for up to $200 million in cash, based on achieving certain 2022 profit […]

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DRUID AI announces new partnership with Polish company – Office Samurai

DRUID AI announces new partnership with Polish company – Office Samurai

DRUID, a worldwide leader in conversational AI technology for enterprise productivity, and Office Samurai, a technology consulting company specializing in process improvement, and Robotic Process Automation, are pleased to announce they have entered a strategic partnership focused on next-generation hyper-automation capabilities. The aim is to strengthen the value of automation to help expedite financial business processes efficiently across all different […]

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Mid-Year Results of NRD Companies: Greater Operational Scope and Refined Business Strategy

Mid-Year Results of NRD Companies: Greater Operational Scope and Refined Business Strategy

NRD Companies, a global IT and consulting group that provides IT solutions for public, financial, and retail sectors in all five continents, has expanded its operational scope to 23 countries during the first half of 2021. In comparison, the group was operating in 20 countries during the same period last year. During the first half of 2021, the group’s revenue […]

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FintechOS launches in US to drive digitalization in underserved financial institutions

FintechOS launches in US to drive digitalization in underserved financial institutions

FintechOS, the global technology provider for market-leading financial services brands, announces its launch into the US following success in its native Europe, as well as in Asia and the Middle East. FintechOS is forging links with American credit unions and traditional banks with a view to removing common obstacles to digitalization currently hampering the market.   The digital solutions provider, […]

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Sypher, the Romanian startup that developed the GDPR virtual assistant launches a campaign on SeedBlink

Sypher, the Romanian startup that developed the GDPR virtual assistant launches a campaign on SeedBlink

Sypher, the local startup that developed the GDPR virtual assistant – a software platform that helps companies in the GDPR compliance process – is launching a funding campaign on SeedBlink on September 7th. The investment round is led by Sparking Capital with 225,000 euros, as the main investor. Sypher was founded in 2017 by Cristian Badea and Mihai Ghiță, both […]

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Early Game Ventures (EGV) is investing in Vatis Tech’s technology, which is better than Google’s

Early Game Ventures (EGV) is investing in Vatis Tech’s technology, which is better than Google’s

Early Game Ventures investment fund (earlygame.vc) announces signing an investment round worth 200,000 euros in Vatis Tech (https://vatis.tech/), a startup that develops speech recognition technology. Sparking Capital and Mălin Ștefănescu participated in the round, and the DLA Piper team, formed by Cristina Bucur and Ciprian Frandeș, provided the legal assistance of the transaction. “At Vatis Tech, we focus on developing […]

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Cegeka Romania plans to expand in several cities in Romania and Moldova by setting up satellite offices

Cegeka Romania plans to expand in several cities in Romania and Moldova by setting up satellite offices

Cegeka Romania, a leading provider of IT&C solutions, registered a turnover of 18.8 mil euros in mid-2021, 12.2% higher than the same period last year.  That is a significant increase for the company and the group,  demonstrating the stability and adaptability of the company in conditions of uncertainty, health crisis, and constant fluctuations in the general economic activity. ‘The positive […]

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Nearshore activities grouped in a new cluster: Cegeka European Delivery Center (CEDC)

Nearshore activities grouped in a new cluster: Cegeka European Delivery Center (CEDC)

2020 has been a year of continuous growth and innovation for Cegeka, a leading provider of IT&C solutions based in Belgium, both at a group and local level. Cegeka Romania ended the year with a turnover of approximately 33.2 million euros, 15.6% higher than in 2019. The company exceeded the threshold of 600 employees locally, being recognized as one of […]

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Vodafone Romania reports the financial results for the quarter ended June 30th, 2021

Vodafone Romania reports the financial results for the quarter ended June 30th, 2021

Vodafone Romania announces the key performance indicators for the quarter ended June 30th, 2021, as reported today by Vodafone Group Plc. Vodafone Romania delivered good performance despite of the challenging context in the quarter ended June 30th, 2021. The Service Revenue is at EUR 190.9 million and continues to be stable on quarterly evolution. Vodafone Romania customer base reached 11.2 […]

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Börsig is the official distributor of C&K Switches

Börsig is the official distributor of C&K Switches

C&K offers a wide range of pushbuttons, rocker, toggle and rotary switches for a variety of applications. The high quality switches are recognized by electronic design engineers around the world, and almost a century after its foundation in 1928, C&K is still one of the best known and most trusted names in the E-Mech switch industry. The electronic distributor Börsig […]

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