The American start-up Zipongo, in which Romania app maker Zitec holds a minority stake, has raised USD 18 million in a new financing round. The Silicon Valley-based company has been able to attract USD 28 million up to now to finance the development of various apps in the nutritional area.
Zipongo, the Silicon Valley start-up backed by Romanian Zitec, raises USD 18 mln in fresh funding
M&A alert. Zitec takes over digital services firm Inotec
Zitec, the Romanian developer of online applications, has announced the acquisition of Inotec, a company providing web-design, development and digital marketing services, for an undisclosed sum, in a bid to grow its operations. The IT company took over the team and the portfolio of Inotec, which registered a turnover of EUR 300,000 last year. Zitec said that its plans for new acquisitions are ongoing.
Romanian software company Zitec wants 70% higher turnover this year
Romanian software company Zitec estimates a year-on-year increase of 70% in turnover this year and a team of 130 employees, according to Alexandru Lapusan, the company’s manager, cited by local Hotnews.ro.
Romanian online application producer sees higher revenues, expands team and HQ
Romanian software producer Zitec upped its sales by 50% in the first half of this year, to some EUR 1.5 million. The company, which makes online applications, generated half of its revenues from local clients, and half from international clients, said Alexandru Lăpușan, CEO and founder of Zitec.
Romanian software company Zitec’s turnover up 60% in 2013
Romanian software company Zitec recorded a turnover of EUR 2.3 million in 2013, up 60 percent year-on-year, according to the company. Half of the company’s revenues came from projects delivered abroad
Tech Donations Transforming NGOs and NPOs
Donations. Businesses are pressured to do the right thing via donations, especially at year-end. Giving feels good. It could feel even better all year long if your company expands its generosity to support NPOs and NGOs around the world. How?
IT and Creativity – the Headquarters Design of an Online Developer
Most people associate the IT industry with strict rules and rationality. This type of business does imply these two concepts, but you can also find there very creative, enthusiastic people, who dream to innovate in each aspect of their lives, including the design of their business headquarters.
Comics magazine Harap Alb – 30% shares sold to Zitec
Harap Alb, the comics magazine, changed its shareholders, selling a 30% participation to Zitec, Romanian producer of online apps. The rest of 70% shares are owned by Roxana and Mihai Ionascu, the ones that launched the magazine in October and handled the first 3 editions.