Founded in 2007
By Cristian and Mihai Logofatu.
2009
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.