HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
Send to Kindle
Bulgarian software company Fadata, a leading vendor of software solutions for financial and insurance business, has new owners - UK-based insurance services group Charles Taylor, and The Riverside Company, a global private equity firm.
Riverside and Charles Taylor have acquired an 80% stake in Fadata, with the current management of the software company retaining a 20% stake, according to a media statement of Fadata.
The deal is to be finalized by October 2015.
The press release does not specify the price of the deal.
According to reports of Bulgarian business daily Capital, the Bulgarian company was estimated at EUR 20.4 M.
This is the second-largest deal in Bulgaria’s IT sector after the sale of Bulgarian software developer Telerik to Progress Software for USD 262.5 M in 2014.
Bulgaria is once again facing a contentious push to impose state-approved software on businesses for retail sales reporting
Bulgaria is preparing for the euro adoption by updating the software of over 460,000 cash registers nationwide
A technical glitch in the temporary route-computer centralization system at Sofia Central Station led to disruptions in train schedules, causing delays and cancellations
In 2023, the adoption of electronic business applications among enterprises in the EU varied considerably based on their size
For 25 years now, the global leader DocuWare has relied on Bulgarian IT professionals for the development of its document management and workflow automation system
The Bulgarian Association of Software Companies (BASSCOM) announced their annual Barometer report, marking a historic forecast for the nation's software sector
Scroll through a busy news feed and you’ll spot a pattern - economic jitters, tech pivots, shifting consumer habits.
Dr. Boyko Takov: Analytical and empirical results from ongoing projects constitute a solid information base
Up to 90 percent of construction and renovation workers in Bulgaria are operating outside the legal framework, according to entrepreneur Lozan Lozanov, who raised concerns about the lack of regulation in construction and installation services
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Mobile slot gaming has exploded in popularity, and it’s easy to see why.
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
