“Bittnet is one of the best instances where Agista can fulfill its strategic role of aiding the company’s fast growth, further building on founders’ foundation and vision. All our joint efforts from now on will focus on turning Bittnet into a regional player, in this highly competitive field. I strongly believe this company’s potential is above the one perceived by the market at this moment. And the future period will prove the value Agista and Bittnet can create together,” stated Nicolae Kovacs, Agista CEO.
The acquisition of Bittnet shares is the sixth investment in the IT&C sector in Agista portfolio.
“In the entire history of Bittnet we’ve enjoyed support from a series of visionary investors, who believed in our long-term growth potential. The road to excellence does not have a final destination. Agista understands this, being a partner with which we share the same vision for Bittnet future,” said Cristian Logofatu, co-founder of Bittnet Group.
Since its launch this March, Agista has entered the shareholding structure of companies such as FORT, Eplus Smart Energy, Chromosome Dynamics, Dendrio.
In the next two years, the fund plans to carry out over 20 investments in local companies.
(English version by Catalina Apostoiu)