Technology &Telecoms
FLOWX.AI Raises $8.5M In Seed Funding To Help Banks, Firms Build Modern Digital Systems
FLOWX.AI, an enterprise platform that enables banks and financial institutions with complex IT infrastructures to build fast modern digital experiences unbounded from the limitations of thei...
Safetech Innovations’ Profit More Than Doubles YoY To RON2.2M In Jan-Sept 2021
Romanian cybersecurity company SafeTech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2021 with a turnover of RON13.1 milli...
SoftOne Group Sells 45% Of Shares To Group Of Investors To Fund Development Overseas
An international group of investors buys 45% of the shares of Greek-held company SoftOne Group. The capital infusion is expected to also fund the company’s development overseas as the Romani...
Mobile Phone Distributor Phonetastic Sales Up 23% YoY To EUR201M In Jan-Sept 2021
Mobile phone, tablet and accessories distributor Phonetastic GSM ended the first nine months of 2021 with a turnover of RON210 million, up 23% from the same period of 2020, amid higher sales...
Life Is Hard Hits RON2.8M Net Profit in 3Q/2021, Up Nearly 1,000% from Year-Earlier Period
Software solutions provider Life is Hard (LIH), listed on the AeRo market of the Romanian stock exchange, ended the third quarter of this year with turnover worth RON15.9 million, up 290% fr...
Digi Subsidiary Wins Frequency User Rights Auction in Portugal
Telecom operator Digi Communications (DIGI.RO) on Thursday notified the Bucharest Stock Exchange that Portugal’s telecommunications watchdog ANACOM had completed the auction for the allocati...
Visual Fan Ends First 9 Months of 2021 with RON80M Turnover, Up 36% from Year-Earlier Period
Visual Fan, owner of Allview brand, in the first nine months of this year posted turnover worth almost RON80 million (EUR16 million), up 36% as IT&C arm sales rose by 64%.
GapMinder Sells Its 42% Stake In Startup Flip.ro To eMAG Ventures
Investment fund GapMinder Ventures, one of the largest players on the local profile market, is selling its 42.2% ownership stake in startup Flip.ro to investment fund eMAG Ventures.
eMAG Ventures Unveils Its First Investment: EUR1.5M In Startup Flip.ro
eMAG Ventures, the investment fund created by eMAG – leader on the Romanian online retail market, with a strong foothold in the region too, has announced its first investment, of EUR1.5 mill...