Stanescu is co-founder of the company and previously held the position of Chief Technology Officer (CTO).
Sandu Babasan, entrepreneur, investor and co-founder of Blugento, is exiting the Blugento management after holding the position of CEO for six years, but remains shareholder, company representatives said in a statement.
In 2009, Sandu Babasan developed the MindMagnet software development agency, alongside Vlad Stanescu, whereby created turnkey online stores for international clients. The company was later acquired by software solutions provider Pitech Plus. Babasan focused his efforts towards developing businesses in which he is a shareholder, managing to attract multiple financing rounds in order to develop them. The most significant investment, of EUR1 million, was carried out in 2019 and targeted Blugento, of Polish R22 Group, thus accelerating the company’s development.