Softbinator Technologies is a product development company specializing in design, development and market launch of software products mainly in the fields of Fintech, MedTech/HealthTech and EdTech for customers in Europe, North America and Asia.
The payment for existing Softbinator shareholders will be made partially with cash and partially with Bittnet shares. The proportion between cash and shares will be established after the transaction is approved by Bittnet’s general shareholders’ assembly in November.
Softbinator has two offices, in Bucharest and Constanta, and serves customers on three continents focusing on the export component of services developed by a team over 80 software IT engineers. The Softbinator brand was launched by Daniel Ilinca in 2011 and starting 2020 Andrei Pitis joined the project as investor and Chairman.
For Bittnet, entering as a shareholder in Softbinator represents the starting of a new area in IT services: software development, by integrating into Bittnet group a company with common values and with which Bittnet can address the American market through joint projects.
Softbinator Technologies doubled its annual revenues in the past three years and is expected to keep that growth pace in 2020.