About Bittnet
Bittnet is a company based in Bucharest (Romania) founded in 2007 by Mihai Logofatu.. Bittnet has completed 5 acquisitions, including 2net Computer, Dendrio and ELIAN Solutions. Bittnet offers products and services including IT Training Programs, Soft Skills Courses, Instructor-Led Training, and On-Demand Self Study. Bittnet operates in a competitive market with competitors including Orioninc, Lutech, Diona, Fluido and Kirey Group, among others.
- Headquarter Bucharest, Romania
- Founders Mihai Logofatu
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Bittnet Systems Sa
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$1.18 M (USD), Debt – Conventional
Jul 06, 2018
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
2net Computer
& 4 more
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Products & Services of Bittnet
Bittnet offers a comprehensive portfolio of products and services, including IT Training Programs, Soft Skills Courses, Instructor-Led Training, and On-Demand Self Study. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Professional courses in IT technologies for skill enhancement and certifications.
Training in leadership, communication, and team dynamics for workplace improvement.
Guided sessions on IT and soft skills with expert instructors.
Flexible online courses for individual IT skill development.
Funding Insights of Bittnet
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $1.2M
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First Round
First Round
(06 Jul 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2018 | Amount | Debt – Conventional - Bittnet | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Bittnet
Bittnet has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include 2net Computer, Dendrio and ELIAN Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Web development, consulting, printing, and related services are provided.
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2011 | ||||
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Provider of ERP services
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2008 | ||||
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Tree fruit, grapes, and citrus are grown, packed, and shipped.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bittnet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bittnet Comparisons
Competitors of Bittnet
Bittnet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Orioninc, Lutech, Diona, Fluido and Kirey Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI, data analytics, application development and IT security services
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| domain | founded_year | HQ Location |
System integration services are provided by Lutech to various clients.
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| domain | founded_year | HQ Location |
Mobile solutions are provided for health and human services delivery.
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| domain | founded_year | HQ Location |
Salesforce consulting, development, integration, and training services are provided.
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| domain | founded_year | HQ Location |
Digital transformation services are offered, including IT and data management.
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| domain | founded_year | HQ Location |
Provider of system integration solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bittnet
Frequently Asked Questions about Bittnet
When was Bittnet founded?
Bittnet was founded in 2007 and raised its 1st funding round 11 years after it was founded.
Where is Bittnet located?
Bittnet is headquartered in Bucharest, Romania.
Who is the current CEO of Bittnet?
Mihai Logofatu is the current CEO of Bittnet. They have also founded this company.
What does Bittnet do?
Bittnet was established in 2007 in Bucharest, Romania, as a provider in the IT sector. System integration services are delivered, encompassing cloud operations, application deployment, and IT planning. Training programs for IT professionals are also conducted. Partnerships with entities including Cisco, Microsoft, AWS, Oracle, and Amazon Web Services are upheld to support these activities across the region.
Who are the top competitors of Bittnet?
Bittnet's top competitors include Orioninc, Fourteen IP and Lutech.
What products or services does Bittnet offer?
Bittnet offers IT Training Programs, Soft Skills Courses, Instructor-Led Training, and On-Demand Self Study.
How many acquisitions has Bittnet made?
Bittnet has made 5 acquisitions, including 2net Computer, Dendrio, and ELIAN Solutions.
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