Softbinator Technologies, a Romanian software development company, specialized in the design, development, and launch of innovative products with local and international clients, announces the start of the procedures for taking over WiseUp, a local software product development company.
To finance this transaction, Softbinator Technologies will use part of the capital raised from BVB investors during the private placement for its shares, which took place in September this year.
“The acquisition of WiseUp fits perfectly in our race to develop products for the most innovative clients across the globe, and to give another face to the traditional outsourcing by refining our end-to-end services. Beyond the excellent skills of the future colleagues in the software development team, the impressive knowledge of the founders George, Radu, and Cristi in terms of practices and processes applied in product development will help us deliver more, faster, and at a higher quality. In the next period, CODE shares will start floating on the AeRO market of the Bucharest Stock Exchange. We are happy that through this acquisition, we are beginning Softbinator’s development thorough M&A transactions,” stated Daniel Ilinca, founder and CEO of Softbinator Technologies.
WiseUp was founded in 2017 by George Dita, Radu Dita, and Cristi Spiru and it is focused on building and prototyping end-to-end digital products and services for innovative companies in the start-up and enterprise area. WiseUp has collaborated with companies such as Microsoft, Siemens, Deloitte, BRD, and Porsche throughout its existence.