Dynamo Sofrtware, founded in Bulgaria by local specialists, in which the American fund Francisco Partners became the majority owner a few years ago, is on its way to a capitalization of 1 billion dollars.
The company has managed to attract one of the largest investment companies Blackstone, which will make an investment in it. It is not clear exactly what the deal is worth, but it is estimated that it will increase Dynamo’s market value to $ 900 million, Yahoo Finance reports.
The technology company, which specializes in cloud technologies, works mainly with investment companies, for which it offers products and services. It has over 1,000 international clients, including giants such as Bank of America and Goldman Sachs.
Dynamo Software was established in 1998 in Bulgaria, initially engaged in the development of websites for the Bulgarian and international markets.
In 2017, the American fund Francisco Partners acquired a majority stake in the company. The price of the deal was not officially stated, but according to sources it was about 50 million dollars.
Today there are more offices in London, Singapore and Watertown in Massachusetts. The company also has a location in Sofia, which employs 110 people. It employs 250 people globally.
The software developed by the company allows its clients to discover, monitor and manage transactions, as well as their relationships with investors, to monitor the movement of assets in their portfolios.
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