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Bulgaria's Sinvexa seeks antitrust nod to buy Paraflow Communications

Jul 4, 2024, 11:42:12 AMArticle by Mihaela Miteva
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July 4 (SeeNews) - Bulgarian ICT services provider Sinvexa has filed for approval by the competition authority of its planned acquisition of local peer Paraflow Communications, the regulator said.

Bulgaria's Sinvexa seeks antitrust nod to buy Paraflow Communications
Image by BerckenGroep from Pixabay

The notified transaction is expected to impact the national ICT services market, including the delivery, maintenance and management of integrated IT solutions, the Commission on Protection of Competition (CPC) said in a statement earlier this week, without disclosing details of the deal.

Interested third parties can submit comments on the transaction until July 8, the CPC added.

Founded in 2023, Sinvexa is specialised in products, solutions and services that boost IT infrastructure efficiency, productivity, security and reliability. The company offers comprehensive services for information systems, including consulting, research, analysis, design, planning, implementation, training, operation, optimisation, maintenance and renewal.

Sofia-based Paraflow Communications, founded in 1995, implements projects in corporate data networks, business management and analysis systems, cloud technologies and information security, its website shows. Its market segments include finance, industry, trade, education, healthcare, public administration, public services, telecommunications and energy.

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