Category: Business

Broadcom plans a rapid transition to subscription revenue for VMware

Broadcom plans a rapid transition to subscription revenue for VMware

Broadcom announced last week that it was seeking to drop $61 billion in cash and stock to acquire VMware. We still don’t know exactly what changes Broadcom plans to make to VMware’s products or business model once the acquisition completes. Still, Broadcom Software Group President Tom Krause made it clear in Broadcom’s earnings call last week: an emphasis on software […]

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Vodafone Romania reports the financial results for the financial year ended March 31st, 2022

Vodafone Romania reports the financial results for the financial year ended March 31st, 2022

Vodafone Romania announces the key performance indicators for the financial year ended March 31st, 2022, as reported today by Vodafone Group Plc. The service revenue is at EUR 764 million. Compared with last financial year, the organic service revenue registered a decrease of 0.1%. Vodafone Romania customer base reached 11.1 million at March 31st, 2022, and it includes clients of […]

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Expansion after listing on the Bucharest Stock Exchange: Softbinator Technologies moves its offices to Opera Center

Expansion after listing on the Bucharest Stock Exchange: Softbinator Technologies moves its offices to Opera Center

Softbinator Technologies (stock symbol CODE), a Romanian software development company specializing in the design, development and market launch of innovative products, has chosen the Opera Center One building, part of the CA Immo portfolio, to be its new employee-friendly workspace as part of its strategy to strengthen its position as a leading employer. Softbinator Technologies, a company founded by Daniel […]

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BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices

BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices

The first quarter of 2022 was characterized by significantly higher energy and raw materials prices as well as supply chain disruptions. “Nevertheless, we had a very good start to the year 2022,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, at the company’s virtual Annual Shareholders’ Meeting this year. BASF had already released preliminary […]

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Connections Consult announces the establishment of its subsidiary in Virginia, USA

Connections Consult announces the establishment of its subsidiary in Virginia, USA

Connections Consult (CC) announces the establishment of its wholly-owned US subsidiary, Connections Consult USA LLC (CC USA), in Fairfax, Virginia.  CC USA will focus on digital transformation and the delivery of software solutions to public and private sector customers in the United States of America.  The location of CC USA in Northern Virginia, part of the Washington DC Metropolitan area, […]

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A new partnership for SolvIT

A new partnership for SolvIT

SolvIT Networks, a South-Eastern IT company, recently concluded a partnership with 4me for the whole Balkan area. The Romanian branch will cover a region made of Romania, Bulgaria and Moldova, and the Serbian branch the formal Yugoslavian territory. “We are thrilled by concluding this partnership with 4me, a company that built a reputation in providing Enterprise Service solutions at the […]

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Luxoft exits the Russian market and offers Relief Package to support employees, families, and communities in Ukraine

Luxoft exits the Russian market and offers Relief Package to support employees, families, and communities in Ukraine

Luxoft Romania, a wholly-owned subsidiary of DXC Technology and one of the largest software development and IT solutions companies in Romania, has undertaken a series of measures to support Ukrainian civilians and refugees, in line with the company’s actions worldwide. Thus, Luxoft Romania, as well as other offices in neighbouring countries, such as Poland and Bulgaria, have been in constant […]

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Emerson to be New Tenant at Globalworth Campus in Bucharest

Emerson to be New Tenant at Globalworth Campus in Bucharest

Emerson, a global technology and software company, is to be a Globalworth tenant starting with April 2022. The company has signed a seven-year lease for a 1,100 square meter office space in the Globalworth Campus C in Bucharest. Emerson, comprised of two global business platforms — Automation Solutions and Commercial & Residential Solutions, is committed to driving innovation that makes […]

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Hyperhuman is raising a 0.7M € investment round

Hyperhuman is raising a 0.7M € investment round

The smart video content company for the health & fitness industry aims to boost its global expansion and enable organizations to produce quality video content at scale Hyperhuman is the omnichannel content platform that empowers digital or traditional health & fitness businesses to create and publish video content on any channel or format. After closing their first round in December […]

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Ogre AI raises €2 million from EGV and MMC Ventures

Ogre AI raises €2 million from EGV and MMC Ventures

Ogre AI, the data science company specializing in machine learning and artificial intelligence solutions for the energy sector, has announced a €2 million seed round led by EGV, with the participation of the London-based VC fund MMC Ventures and international business angels. The energy industry is at the edge of a new dawn, with its future challenged by a multitude […]

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DIGITALL is expanding and hiring in Romania

DIGITALL is expanding and hiring in Romania

The technology and business consulting company DIGITALL announces its plans for accelerated growth in Romania as the next step in its global expansion strategy. The company is currently looking to hire consultants, developers and other IT talents for its Romanian team and grow it by 100+ experts by the end of 2022. DIGITALL already operates globally with over 1,400 employees […]

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

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

Vodafone Romania announces the key performance indicators for the quarter ended September 30th, 2021, as reported today by Vodafone Group Plc. The service revenue is at EURO 196.6 million and continues to be stable on quarterly evolution. Compared with the same period of 2020, the service revenues registered an increase by 0.9%. Vodafone Romania customer base reached 11.4 million at […]

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