• Mon. Apr 22nd, 2024

Croatian IT Company, Span, Acquires 30% of Business Share in Company Bonsai and Plans Merger

BySamantha Nguyen

Apr 3, 2024
Span took full ownership of Bonsai through a 100% stake acquisition

In recent news, Croatian IT company Span has announced its acquisition of 30 percent of the business share in company Bonsai. The transaction was valued at 750 thousand euros and has allowed Span to gain 100 percent ownership of Bonsai. Following this acquisition, Span plans to merge the two companies and also its related company Ekobit, which is currently entirely owned by Span.

With the integration of Bonsai and Ekobit into Span, the company aims to streamline its software and AI solutions offerings. This will allow it to present a cohesive and unique brand on the market. Cloud and cybersecurity, along with artificial intelligence, have been identified as key strategic focuses for Span moving forward.

The target date for the merger to take effect is the end of the second quarter of 2024. Following this, Bonsai and Ekobit will operate under the unified Span brand. The availability of generative artificial intelligence is speeding up the implementation of AI-based solutions in organizations, as businesses continue to explore how AI can enhance operations and processes.

According to Nikola Dujmovi, CEO of Span, artificial intelligence is no longer just a topic of discussion but is actively being integrated into businesses. The merger will strengthen Span’s AI offerings in key business segments and is expected to drive significant profits in the future.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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