Keep up with the latest at Gecad Ventures from investments to exit news.
Francisco Partners acquires Avangate
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, 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, 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 […]