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Corporation
COMPUTER HARDWARE & SERVICES | IT Services / IT Solutions & Software Development
bittnet.ro

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Investments

6

Partners & Customers

2

About Bittnet Systems

Bittnet Systems is a provider of IT training, services and solutions.

Bittnet Systems Headquarter Location

Iuliu Maniu Bld., No. 7-11 District 6

Bucharest,

Romania

+40 21 527 16 00

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Bittnet Systems Web Traffic

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Page Views per Million (PVPM)
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Bittnet Systems Rank

Latest Bittnet Systems News

RO tech group Bittnet takes stake in IT solutions supplier Arctic Stream

Jun 15, 2021

15 June 2021 Bittnet, a company with various IT activities, founded by brothers Mihai and Cristian Logofătu and listed on the Bucharest Stock Exchange (BVB), bought shares worth RON 1.86 mln (EUR 380,000) of Arctic Stream, a Romanian IT company founded in 2017 and soon to be listed at BVB as well. Arctic Stream, a provider of services and equipment in the market of communications technologies, data centres, and software solutions completed a RON 21 mln (EUR 4 mln) private placement of shares recently. The anticipated capitalization of Arctic Stream stands at almost RON 105 mln (EUR 20 mln). Bittnet Systems informs investors about the participation, on June 10, 2021, in the private placement for Arctic Stream shares (AST). Following the pro-rata allocation at the price of RON 25 per share, the issuer was informed on June 11, 2021, by the intermediary of the operation, SSIF Tradeville, that a number of 74,632 AST shares were allocated to it, which represents 1.78% of the share capital and 1.78% of the voting rights of the company. The value of the investment in Arctic Stream shares amounts to RON 1.87 mln. andrei@romania-insider.com

Bittnet Systems Investments

6 Investments

Bittnet Systems has made 6 investments. Their latest investment was in DataScript as part of their Corporate Minority on June 6, 2021.

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Bittnet Systems Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/28/2021

Corporate Minority

DataScript

Yes

3

3/2/2021

Corporate Minority

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$99M

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10

2/25/2021

Corporate Minority

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$99M

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10

10/14/2020

Corporate Minority

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$99M

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10

8/13/2018

Convertible Note

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$99M

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10

Date

6/28/2021

3/2/2021

2/25/2021

10/14/2020

8/13/2018

Round

Corporate Minority

Corporate Minority

Corporate Minority

Corporate Minority

Convertible Note

Company

DataScript

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

Bittnet Systems Acquisitions

1 Acquisition

Bittnet Systems acquired 1 company. Their latest acquisition was Gecad Net on April 20, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/20/2017

Merger

2

Date

4/20/2017

Investment Stage

Companies

Valuation

Total Funding

Note

Merger

Sources

2

Bittnet Systems Partners & Customers

2 Partners and customers

Bittnet Systems has 2 strategic partners and customers. Bittnet Systems recently partnered with Microsoft, Amazon Web Services, Cisco, and Asia Pacific Medical Group on February 2, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

2/20/2017

Partner

Microsoft, Amazon Web Services, Cisco, and Asia Pacific Medical Group

United States, and Hong Kong

Bittnet’s estimated turnover up by 36 percent in 2016

At the same time , in 2016 Bittnet renewed its partnerships with Microsoft , Amazon Web Sevices , APMG and Cisco , reaching the highest partnership level with the vendor , namely Cisco Certified Gold Partner on services integration area .

1

Partner

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10

Date

2/20/2017

Type

Partner

Partner

Business Partner

Microsoft, Amazon Web Services, Cisco, and Asia Pacific Medical Group

Country

United States, and Hong Kong

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News Snippet

Bittnet’s estimated turnover up by 36 percent in 2016

At the same time , in 2016 Bittnet renewed its partnerships with Microsoft , Amazon Web Sevices , APMG and Cisco , reaching the highest partnership level with the vendor , namely Cisco Certified Gold Partner on services integration area .

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Sources

1

10

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