Founded in 2007

By Cristian and Mihai Logofatu.


Bittnet transforms into a joint-stock company (SA) following the capital increase using profits generated in 2008.

2012 - Capital infusion from business angel

Răzvan Căpățînă, in exchange for a 24% stake in Bittnet.

2012 - Bittnet Advisory Board

Creation of the Bittnet Advisory Board, consisting of recognised investors and entrepreneurs

Listing on AeRO in March 2015

Lists on AeRO, company attracts €150,000 in exchange for 10% from Polish fund Carpathia Capital.

First bond issuance - July 2016

Attracts €950,000 through first issuance of corporate bonds (BNET19) on AeRO.

Profit capitalization - August 2016

Capitalizes profit of €200,000.

Capital increase - March 2017

Raises €175,000 through AeRO in exchange for 7% stake in the company.

First Takeover - April 2017

Announces takeover of GECAD NET.

Profit capitalization - July 2017

Capitalizes profit of  €320,000.

Second bond issuance - September 2017

Attracts €1,000,000 through issuing corporate bonds (BNET22) – capital used to acquire GECAD NET.

New takeovers - March 2018

Announces purchasing of 51% stake in ELIAN Solutions and 25% stake in EQUATORIAL.

Rebranding - April 2018

Rebrands GECAD NET to Dendrio – first multi-cloud integrator in Romania.

Third bond issuance - July 2018

Attracts €1,000,000 through BNET23 bonds for M&A in ELIAN and EQUATORIAL.

Significant transaction - October 2018

Announces intention to acquire the IT&C integration division of Crescendo International.

Crescendo M&A bonds - December 2018/January 2019

Attracts €4,000,000 through bonds BNET23A and BNET23C.

BNET19 repayment - January 2019

Callback and repayment o BNET19 bonds.

Historical milestone - market capitalization - May 2019

Bittnet Group reaches historical milestone with market capitalization of over 100 million lei.

November 2019

Publishes audited financial results in IFRS format for 2016-2017-2018.

November 2019

Publishes audited financial results in IFRS format for 2016-2017-2018.

December 2019 (considering the entire year 2019)

The most liquid company on the AeRO market (23% of total transactions), the 17th most liquid on the main market.

January 3, 2020

The SGM approves the transfer on the main market of the Bucharest Stock Exchange and elects the board of directors (Mihai Logofatu, Cristian Logofatu, Lucian Anghel).

March 4 - April 2020

Completes the capital increase operation, 9 million lei.

June 2020

Starts trading on the regulated market of the Bucharest Stock Exchange – the first IT company listed on BVB.