Safetech Innovations, a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, announces the conclusion of the share capital increase operation and the raising 10.6 million lei from investors.
The raised capital will expand the company’s business by setting up two new subsidiaries in the UK – London and the US – Reston, Virginia, to promote and sell Safetech Innovations solutions and services in the two countries.
“We are glad that the share capital increase operation ended successfully, and we want to thank investors for placing their trust in Safetech’s international development plans. Our teams have the necessary skills to provide cybersecurity services to clients in Romania and anywhere globally. The cybersecurity market is worth over 9 billion pounds in the UK, and 62% of companies outsource their cybersecurity activity. As for the US, we will open a branch office in Reston, Virginia, where there is an innovation cluster comprising 8,700 technology companies and over 530 cybersecurity companies” stated Victor Gansac, CEO of Safetech Innovations.