March 16 (SeeNews) - Romanian software solutions and cloud services provider Bento started trading on the AeRO market of the Bucharest Stock Exchange (BVB), the bourse said on Wednesday.
The company's shares are traded under the BENTO ticker, the BVB said in a press release.
The listing follows a hybrid private placement, through which the company sold both new and existing shares for 12.5 million lei ($2.8 million/2.5 million euro) in November. The company sold 400,000 new shares and 497,633 existing shares at a price of 14 per lei share.
The company will use the proceeds to accelerate the development of own products and new sales channels in Eastern Europe and the Balkans.
"Our goal is to continue to grow, expand our international presence, and strengthen our own key products, such as Bento Field Service Management or Bento Mobile Device Management. Therefore, we are confident that along with our investors and shareholders in the capital market, we will be able to carry out our development plans," Bento general manager Radu Scarlat said.
Bento was founded in 2004 under the name 2B Inteligent Soft.
At the end of last year, the company had over 70 employees and contractors and had a diversified portfolio of clients consisting of multinational companies from Romania, the U.S. and Switzerland. Most of Bento's revenue comes from companies active in energy, FMCG and utilities, about 70%, while the remaining 30% is revenue from companies operating in telecommunications, health, agriculture, IT, media, food industry, distribution, transport and services.
(1 euro=4.9476 lei)