Axigen was launched in 2004 with the aim of delivering top e-mail communication technology in Romania and abroad. The Axigen technology has since been adopted by internet service suppliers, telecom operators, government institutions and foreign companies.
“Since Gecad Ventures is now focusing on investing in Internet and eCommerce companies, the decision to find for Axigen Messaging a new direction came only natural. I am content that Axigen will develop in the hands of young Romanian entrepreneurs who have vast experience in projects of IT solutions integration at global level. I expect Axigen to grow exponentially from now on by receiving a strong impulse from the new shareholders, both in terms of marketing and sales, as well as in the development of new technologies and services,” said Radu Georgescu, Founding Partner of Gecad Ventures.
Axigen was acquired by Cristian Daniel Draghici, Bogdan Moldovan, Ion Nistor, and Vlad Trofin. The four entrepreneurs have invested in various technological companies such as Modulo Consulting which is an integrator of IT tailored professional solutions.
With this new acquisition, Axigen Messaging will facilitate its development by making it part of a group of IT integrators, which should allow easier access to clients and complex projects. This is a strategic decision, which will allow Axigen to grow further, according to the press release.
”Axigen is a communication product for both internet providers and organizations who wish to optimize their communication and internal collaboration, which has a great potential that we will keep on developing. We are delighted to take over this product and the people that helped to build it,” said Bogdan Moldovan, one of the four entrepreneurs.
Over the last 20 years, Gecad Ventures has built various technological businesses from scratch. It also numbers several successful international exits to key players in the IT industry among which RAV Antivirus security solution acquired by Microsoft in 2003, ePayment, currently known as PayU Romania, acquired by South-African group Naspers Ltd. in 2010 and in October 2013, Avangate’s acquisition by Francisco Partners.
In the near future, Gecad Ventures will continue to support the entrepreneurial community in Romania and invest in software and hi-tech companies, including startups from fields such as Fintech, security software, cloud technologies, eCommerce and wearables.
Bucharest, October 7, 2013. Gecad Ventures sells its majority stake in Avangate to California based private equity firm Francisco Partners, this being the third significant international exit for the Romanian technology venture group in the last 10 years. Gecad Ventures has announced the sale of 100% of international ecommerce solutions provider Avangate to California based private equity firm Francisco Partners, […]
Bucharest, March 9, 2016. Smart Bill, Romanian provider of billing solutions and SaaS services, has secured a EUR 1 million investment from Gecad Ventures and Catalyst Romania. Smart Bill has been advised by Gecad since 2013 and the raised round will be used for the development of the company. “This investment gives the company the fuel it needs to […]
London, November 25, 2015. Gecad Ventures has participated with an additional equity of USD $2 million in the recently concluded investment round of Vector Watch. Other investors in this USD $5 million funding include Catalyst Romania and a group of high net worth individuals. With this recent investment, Gecad Ventures remains the largest single shareholder of […]
Bucharest, September 1, 2010. ePayment, the leading provider of integrated eCommerce solutions on the Romanian market, has divested majority control to the Allegro Group, part of the international internet and entertainment group Naspers Ltd. Allegro has become the major shareholder in ePayment. The transaction was completed in August 2010, for an undisclosed amount. Daniel Nicolescu has been named […]
Bucharest, October 27, 2016. Gecad Ventures has led the first seed investment round in TypingDNA, a Romanian behavioral biometrics cyber security startup based on artificial intelligence. For this round, Gecad Ventures has also syndicated a group of local business-angels, terms of the acquisition being confidential. TypingDNA is a cyber security SaaS that uses AI to identify […]
Bucharest, June 10, 2003. Microsoft Corp. announced it has signed a definitive agreement to acquire the intellectual property and technology assets of Gecad, a provider of antivirus technology based in Bucharest, Romania. Terms of the acquisition are confidential. Microsoft’s acquisition of Gecad’s technology will help secure customers by providing antivirus solutions for Microsoft® products and services. In […]
London, November 5, 2014. Gecad Ventures launches a new London-based project called PawSquad, a marketplace dedicated to pet lovers. The company is run by a team of British dog enthusiasts. PawSquad is a marketplace that connects pet owners to pet care providers (vets, trainers, breeders, nutritionists) over multiple touch points. The company’s goal is to make pets healthier […]
Bucharest, July 18, 2014. Vector Watch receives from GECAD Ventures an investment of 500,000 EUR for a non-disclosed equity. “We invest in companies that can disrupt their markets and we believe Vector is such a company”, explains Radu Georgescu, Founding Partner of Gecad Ventures. Andrei Pitiș, former CEO for IXIA Romania and Chairman of Romanian Software Asscociation, founded Vector during […]
Bucharest, August 12, 2015. Coinify announced the acquisition of Coinzone, a leading Bitcoin payment provider, marking Gecad Ventures fifth international exit. Coinzone was launched in 2014 as the first full stack European Bitcoin solution. By using Coinzone, users can buy, sell, trade and transact with Bitcoin. By integrating Coinzone’s technology, the new partnership between the two companies will result in a number of new opportunities […]
Bucharest, January 10, 2017. Gecad Ventures sells its majority stake in Vector Watch to Fitbit, marking one more important global exit for the investment fund. The terms of the transaction are confidential. Vector Watch, known for its innovative and cross-functional approach to design and development of wearable technology, has recently reached an agreement with Fitbit […]
London, January 12, 2016. Former Google, Amazon, Rackspace, Apple Execs close $1.5M Seed Round for startup Gluru: powering consumer & business applications that know what you need before you do. Gluru (www.gluru.co), the new collaboration of former executives from Google, Amazon, Apple, Rackspace, and Shazam, announce the closing of a $1.5M seed round. Investors Playfair Capital and Gecad Ventures led the […]