White Image, the first and largest email marketing company in Romania, recorded a turnover of over 1 million euros in 2022, amid increased demand for database development, strategy, and creative services. For 2023, in the context in which brands obtain increasingly poor results from social media advertising, especially Facebook, the company’s founders estimate a massive move to email and SMS […]

NextUp Solutions, one of the largest business software solutions companies, recorded a 50% increase in turnover in 2022 compared to the previous year, above the company’s estimates, in the first year after a rebranding process. The increase in demand for ERP and payroll software solutions, the launch of new solutions including SAF-T, e-Invoice, RO e-Transport and automation of repetitive business […]

During the last 15 months, the company raised 850,000 euros in funding. Romanian company Vatis Tech (https://vatis.tech/) announces a new funding round worth 650.000 euros. Existing investors led the round – Early Game Venture and Sparking Capital funds and Mălin Ștefănescu as an angel investor. Other private investors have also joined the current round. Vatis Tech is widely known for […]

The entrepreneur Daniel Slăvenie (35 years old), co-founder of Limitless Agency, one of the largest digital marketing agencies in Romania, takes over 9% of the financial data company Termene.ro. Through this investment, he wants to develop a platform that will compete with LinkedIn Ads in the long term. Termene.ro is the only platform in Romania that presents the financial data […]

TRUDA, the first Romanian machine learning startup capable of analysing online performance in real time to promote the best-selling products in the e-commerce industry, is launching on the market following an investment of 82,000 euros. In the first year of activity, the company plans new investments worth at least 250,000 euros in the development of the technological infrastructure and in […]

Connections Consult SA, listed on the AERO market of BVB and the leader of the digital transformation market in Romania, announces the acquisition of a 25% stake in the edtech 10 Plus Future Education SRL company. The company, specialized in online courses for adults and children, language courses, mathematics, Romanian language, etc. is the first acquisition in this year of […]

Growth in revenues and slight increase in EBITDAaL The Group confirms its financial objectives for 2022 ▪ Revenues for the third quarter 2022 rose 1.0%1 year on year, driven by: – Europe, which performed well (+3.2%) with Spain returning to growth – Africa & Middle East, which grew 4.2% and remains on course to meet its annual growth target of […]

Up Romania and Revolut have concluded a partnership, as a result of which companies in Romania can obtain free access, for 6 months, to one of the most modern expense management services – Revolut Business and, respectively, to the most flexible platform for granting extra-salary benefits to employees – Up Multibeneficii. Starting from 25 October, the companies that become Up […]

Connections Consult (CC), a group of digital transformation companies listed on the secondary market of the Bucharest Stock Exchange (AeRO), is pleased to announce its Advisory Board and the first meeting that took place in London on 16th September 2022. ”With the occasion of our first-year anniversary as a publicly traded company, we are proud to introduce our Advisory Board. […]

Codecool and Software Development Academy (SDA), two leading Central European EduTech companies, today announced a merger to create one of Europe’s biggest digital skilling and sourcing powerhouses. The merged company has a presence in eight countries (Poland, Hungary, Romania, Austria, Slovakia, Czech Republic, Estonia, and Albania) and will train 15,000-20,000 individuals annually and work with nearly 400 global and local […]

OxidOS concluded its first seed round investment of 1.2 million euros. The round was led by EGV and joined by renowned business angels. The DLA Piper team and Nistorescu Law Office provided legal assistance for the transaction. Early Game Ventures is the most active Venture Capital fund in Romania as of 2021, maintaining its position in the second quarter of […]

“Despite the continued high raw materials and energy prices, we again achieved strong earnings in the second quarter,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, presenting the results for the second quarter of 2022 together with Chief Financial Officer Dr. Hans-Ulrich Engel. BASF had already released preliminary figures on July 11. The BASF […]