By Cristian and Mihai Logofătu as an IT education company.

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

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

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

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

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

Capitalizes profit of €200,000.

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

Announces takeover of GECAD NET.

Capitalizes profit of  €320,000.

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

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

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

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

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

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

Callback and repayment of BNET19 bonds.

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

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

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

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).

Completes the capital increase operation, 9 million ron

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

BNET shares are included in BVB indices: BET-XT, BET-XT-TR, BET-BK and BET-Plus.

Bittnet shares are included in the FTSE Global Micro Cap and Total-Cap indices.

Acquisition of 23% of The e-Learning Company shares and 25% of Softbinator Technologies.

Bittnet’s first cross-border M&A: The Group announces its intention to acquire 35% of Servodata, an IT&C solutions integrator in the Czech Republic. (M&A project canceled at the moment)

Bittnet Group announces the repayment of BNET22 bond issuance.

Signing of investment agreements to take over majority stakes in the companies ITPrepared (rebranded: Optimizor – an IT managed services company), Nenos Software and Nonlinear (last two – software companies)

Signing of investment contracts with the 2 companies that were part of the Provision group through which the majority stakes in ISEC (a cybersecurity company) and CLC (a IT training company) were taken over

Sale of the division/business related to the Autodesk vendor for the amount of 450.000 euro by Dendrio

Signing of the M&A contract for the acquisition of the majority stake in the cybersecurity company FORT

Signing of acquisition contracts for the takeover of the two companies (with business in Transylvania) in the group’s Digital Infrastructure division

Sale of 12% of Dendrio Solutions to the investment fund Agista Investements for the amount of 7 million ron

for the acquisition of 70% of the IT systems integrator – Dataware Consulting

For the full takeover of the two companies: TopTech and 2Net. Signing of the closing certificates with the sellers and of the investment loan that partially financed the two M&As with Banca Transilvania

the first euro bonds issue carried out by Bittnet (2 million eur – BNET26E)

Sale of a 14% stake in TopTech to the investment fund Agista Investments for the amount of 3 million ron

Bittnet reimbursed investors the amount of 10 million ron – the principal borrowed in January 2019

Conducting a public offering of new BNET shares and increasing the issuer’s capital by approx 30 million ron

Admission to trading of euro-denominated bonds BNET26E

The first Bittnet bond IPO through which the issuer raised a committed financing of 5 million ron through the BNET27A issue

Redemption of BNET23 bonds at maturity – repayment of the principal borrowed (4.7 million ron)

Signing the contract for taking over the 30% difference from the IT systems integrator Dataware

Raising 10 million ron in financing from Bucharest Stock Exchange investors through the issuance of BNET28 bonds

As a result of the multiple M&A projects carried out between 2018-2023, the group’s management decided to organize the companies into 4 main divisions/business units: Digital(Cloud) Infrastructure, IT Education, Cybersecurity and Platforms and software development.

The GSM to elect a new composition of the Board of Directors consisting of 5 members

Admission to trading on the BSE regulated market of BNET28 bonds, issued in December 2023

The third public offering of corporate bonds in Bittnet’s history – raising 6.6 million ron from investors and listing them on the BSE regulated market

Listing on the AeRO-SMT market for the cybersecurity pillar, after (December 2023) it carried out a private placement of new shares through which it raised the amount of 1.67 million ron in new capital

Approval and initiation of a share buyback program up to 10 million BNET shares

Reaching an agreement in principle for the listing of the Digital Infrastructure pillar through a reverse-listing procedure on the Swedish capital market (part of Stuttgart Boerse Group)

As part of the restructuring and simplification processes and the group structure – the companies in the Digital pillar (Dataware and TopTech) were integrated and rebranded around Dendrio Solutions

Dataware and TopTech companies have been rebranded under Dendrio, becoming Dendrio Innovations and Dendrio Technology respectively. Dendrio Solutions owns 100% of the two newly rebranded companies

Considering the profile of the two companies and the geography in which they carry out their activities (Transylvania region) , 2Net was merged by absorption into Dendrio Technology.

Given the similar profile of the companies in the IT education area, the management has made the decision that Equatorial Training and Computer Learning Center will be merged by absorption into Equatorial Gaming. Part of the procedures to simplify the Bittnet group structure

The company acquired in December 2023, Kepler Management Systems, was rebranded as Elian Development Systems and integrated under Elian Solutions.

The first exit of a pillar/company within Bittnet group was the sale at the end of 2024 of Fort SA in a transaction of 23.5 million ron

The sale of the majority stake in the IT managed services company Optimizor (ITPrepared) brought an IRR of approx 40%. The transaction price amounted to 6.12 million ron.