Connections, a technology company listed on the Bucharest Stock Exchange, AeRo market (symbol CC), announces the separation of its “Service Delivery” division and its transfer to Outsourcing Support Services S.R.L. (OSSR). As part of this process, OSSR, including its subsidiaries in Bulgaria and Serbia, will be fully sold in a €4.5 million transaction, subject to certain Closing conditions. The division […]

All the resolutions proposed by the Board of Directors were approved at the Annual General Meeting that took place today in Geneva. This included the approval of the scrip dividend proposal, the Company’s financial and non-financial reports, the election of all proposed members of the Board of Directors, as well as the relocation of the Company’s registered office. Calvin Grieder, […]

Binance, the world’s largest cryptocurrency exchange, and MGX, the Abu Dhabi-based AI and advanced technology investor, have announced a landmark $2 billion investment. This transaction, the first institutional investment in Binance to date, marks a significant step in advancing digital asset adoption and reinforcing blockchain’s role in global finance. It is also the single largest investment into a crypto company […]

Early Game Ventures, the most active investment fund in Romania and among the most active VC funds in Central and Eastern Europe, according to Vestbee and ROPEA, announces the first major investment raised by a Romanian startup this year: Bible Chat closed a $14 million investment round today, February 19th. The Series A round was led by True Ventures, a […]

Xiaomi maintains its second position on the Romanian market, in terms of number of units, at the end of the January-December 2024 period, according to the latest report by the technology market analysis company Canalys. In the CEE region, Xiaomi leads the ranking in terms of number of units, with a market share of 31%, for the entire 2024. In […]

Limitless Agency, one of the main digital marketing agencies on the Romanian market, reported a turnover of approximately 6.4 million euros (31,938,356.73 RON) in 2024, a 51% increase from the 4.25 million euros recorded in the previous year. According to the Emarketer report, the global digital marketing market grew by about 10% in 2024, a trend that was also observed […]

Devhd – an innovative company focused on digital transformation solutions and services through AI, based on ServiceNow technology, achieved a revenue growth of over 25% in 2024 compared to last year, a result aligned with the initial financial estimations, despite less favorable macroeconomic and IT industry circumstances. “2024 was a crucial year for Devhd, marked by both significant achievements and […]

Principal33, an European software development company founded in Romania, ended 2024 with 20.3 million Euro in revenue driven by its Romanian operations. The company operates from three offices in Romania – Cluj-Napoca, Brașov and Târgu Mureș, and delivers services to clients in Germany, Spain and Ireland. The company employs more than 250 IT professionals across Europe and Romania largely accounts […]

Systematic, the Danish software producer with a development center in Romania and a local team of over 150 employees, emphasizes the importance of developing proprietary products as a competitive advantage in the IT industry. Through top-tier projects, including contracts with NATO and other international organizations, the company ensures financial stability, creates jobs, and opens new opportunities for Romanian IT professionals, […]

GEWISS is pleased to announce the acquisition of 75% of TVILIGHT, a renowned brand in the smart street lighting sector. This strategic move marks a significant milestone in GEWISS’s growth journey, enhancing its portfolio and expanding its market presence across Italy and beyond. With this acquisition, GEWISS aims to leverage TVILIGHT’s extensive expertise to offer integrated solutions that combine lighting […]

LIFE IS HARD, a leader in digitalization solutions for businesses, announces the winning of a new European funding project, entitled “Work is cool – Students prepared for competition and performance”, worth a total of approximately 1 million euros. The project is co-financed by 5% by the company, demonstrating its commitment to the education of young generations. The project aims to […]

Early Game Ventures, the most active venture capital investment fund in Romania and one of the most active in CEE, announces the performance of its first fund – Early Game Fund I. The startups in the portfolio had total annual revenues of more than 43 million euros and a total headcount of more than 400 employees in 2024. Some of […]