Record Exit in the Bulgarian AI Software Market: Budapest-based Portfolion Involved
Oakley Capital acquires a majority stake in Graphwise, formed through the merger of Bulgaria’s Ontotext and Austria’s Semantic Web Company. The transaction represents one of the largest software exits in Bulgaria’s history and one of the most significant to date involving a homegrown enterprise AI business. The international private equity fund consortium of Portfolion, Integral […]
Polish media giant buys Szallas Group
Wirtualna Polska Holding, listed on the Polish stock exchange, is buying Szallas Group which also operates Szallas.hu, one of the most popular Hungarian online travel agency sites besides several touristic platforms in other countries – announced the management and the representative of the previous majority owner of the company, Portfolion Capital Partners. The Warsaw-based e-commerce […]
HCL Technologies Acquires Hungarian Data Engineering Services Company Starschema
HCL Technologies (HCL), a leading global technology company, signed a definitive agreement for the acquisition of Starschema, a leading provider of data engineering services, based in Budapest, Hungary. The strategic acquisition will bolster HCL’s capability in digital engineering — driven by data engineering — and increase its presence in Central and Eastern Europe. Starschema provides […]
Swiss Post acquires Tresorit
Respected technology leader in its industry, Swiss Post, acquires majority stake in Switzerland-Hungary-based IT security company. Swiss Post has acquired a majority stake in Tresorit, a Swiss-Hungarian company that offers encrypted, cloud-based file sharing and collaboration services. The success is not out of the blue. The startup founded in 2011 has been featured on the […]
Swiss Post acquires majority stake in Tresorit
The everyday lives of people and companies in Switzerland are becoming increasingly digital. Swiss Post aims to play a significant role in supporting and shaping this development. It is therefore investing in its existing services. Swiss Post has acquired a majority stake in established file sharing company Tresorit. The company’s service protects digital information of […]
Szallas.hu merges with Travelminit.ro
Szallas.hu, the largest online hotel reservation platform in Hungary, merged last year with the Romanian hotel reservation platform, Travelminit.ro. The process began two years ago and was accelerated in 2020, despite the pandemic situation and general uncertainty in the global tourism industry. The value of the transaction remains confidential, but in these two years of […]
Banzai Cloud Ltd. to be acquired by Cisco
Significant move in the regional venture capital market – Portfolion’s start-up investment Banzai Cloud Ltd. to be acquired by Cisco. Portfolion Capital Partners, a key venture capital firm focused on the CEE region, confirms news about Cisco’s intent to acquire substantially all of Banzai Cloud’s assets. Banzai Cloud is known for its pioneering achievements in […]
Starschema secures $5 million investment from PortfoLion
Starschema, Hungary’s leading big data company, has secured a $5 million capital injection from the PortfoLion Regional Private Equity Fund, owned by OTP and Eximbank. The company intends to use the investment to solidify its position as a market leader in the region. The $5 million investment (approximately HUF 1.3 billion) provided by PortfoLion’s regional […]
Portfolion Sells Cryo Innovation to VitroLife
The first successful Jeremie-funded company exit is expected by the end of September. Portfolion is selling Cryo Innovation Kft. for a minimum of €5 million (approx. HUF 1.4 billion). The buyer of the Hungarian-developed embryo monitoring technology is the biotech giant Vitrolife – as confirmed by Portfolion. The story began at the Faculty of Veterinary […]