Predict your next investment

Dendrio company logo
Corporation
COMPUTER HARDWARE & SERVICES | IT Services / IT Solutions & Software Development
dendrio.com

See what CB Insights has to offer

Partners & Customers

1

About Dendrio

Dendrio is a provider of IT solutions, focusing on CAD. The company delivers integrated services based on Cloud, Security, Networking and complete mobility solutions, and software applications with various licensing options. It was founded in 2004 and is based in Bucharest, Romania. It operates as a subsidiary of Bittnet.

Dendrio Headquarters Location

Bucharest,

Romania

+4021 3032070

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Dendrio News

Romania's Bittnet to sell 12% of Dendrio to Agista for 7.5 mln lei (1.5 mln euro)

Jun 15, 2022

Bittnet Group CEO and co-founder Mihai LogofatuSource: Bittnet BUCHAREST (Romania), June 14 (SeeNews) - Romanian IT group Bittnet Systems [BSE:BNET] said on Tuesday it signed an agreement to sell a 12% stake in IT&C integrator Dendrio Solutions to local investment fund Agista for 7.5 million lei ($1.6 million/1.5 million euro). The acquisition is the first step for Dendrio to become a public company through a private placement or an initial public offering on the Bucharest bourse, or through a merger with a company listed on a regulated market or on an alternative trading system from an EU state, Bittnet said in a statement filed with the Bucharest Stock Exchange. You can subscribe to our M&A newsletter here Considering the transaction price, Dendrio's initial market valuation stands at 62.5 million lei. "The main goal is to work together to turn Dendrio into one of the most significant multi-loud integrators in Central and Eastern Europe," Bittnet Systems CEO and co-founder Mihai Logofatu said in a press release. Recently launched, Agista is the first investment fund currently pending authorization in Romania, focused on the AeRO market of the Bucharest Stock Exchange. A brand of Impetum Group, the fund finances and supports local small and medium-sized enterprises (SMEs) in their accelerated development through the capital market. IT&C integrator Dendrio Solutions provides cloud, security and networking solutions. In the first quarter of 2022, Dendrio booked revenues of 28.5 million lei, up 60% on the year, while the gross margin rose by an annual 61% on the back of increased share of high value-added services in the division's revenues. In 2021, Dendrio made an operating profit of 5.41 million lei on a turnover of 87 million lei. In the first three months of this year, Bittnet Systems finalized negotiations on investments in TopTech and 2Net Computer, two companies that will be operationally integrated into Dendrio once the approval of the Competition Council is obtained. Thus, Dendrio will become an integrator with a revenue generation capacity of over 200 million lei per year. Bittnet Systems was founded in 2007 in Bucharest by Mihai and Cristian Logofatu as a training and IT solutions company. Its shares traded 0.16% lower at 0.3180 lei on the Bucharest Stock Exchange as at 0912 CET on Monday. (1 euro=4.9432 lei)

Dendrio Acquisitions

1 Acquisition

Dendrio acquired 1 company. Their latest acquisition was 2Net Computer on April 07, 2022.

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

4/7/2022

$99M

Acquired

1

Date

4/7/2022

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

Dendrio Partners & Customers

1 Partners and customers

Dendrio has 1 strategic partners and customers. Dendrio recently partnered with Crescendo on October 10, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

10/15/2018

Partner

Canada

1

Date

10/15/2018

Type

Partner

Business Partner

Country

Canada

News Snippet

Sources

1

Dendrio Team

1 Team Member

Dendrio has 1 team member, including current Founder, Chief Executive Officer, Cristian Herghelegiu.

Name

Work History

Title

Status

Cristian Herghelegiu

Founder, Chief Executive Officer

Current

Name

Cristian Herghelegiu

Work History

Title

Founder, Chief Executive Officer

Status

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.