Connections enters the shareholding of the edtech company 10 Plus and acquires 25%

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The acquisition of the platform will bring a yield of at least 30-40% annually, in the next 5 years

Bucharest, November 3rd, 2022 – Connections Consult SA, listed on the AERO market of BVB and the leader of the digital transformation market in Romania, announces the acquisition of a 25% stake in the edtech 10 Plus Future Education SRL company.

The company, specialized in online courses for adults and children, language courses, mathematics, Romanian language, etc. is the first acquisition of this year of Connections Consult SA, after last year’s full purchase of Brusch Services SRL. After the acquisition, Brusch proved to be a real success, with excellent performance, considerably above last year’s figures.

“The reason why we decided to make this transaction is the explosion of edtech services, respectively the digitalization of education using the latest technologies – virtual reality, augmented reality, artificial intelligence. We estimate that the acquisition of the www.10plus.ro platform will bring a yield of at least 30-40% annually, in the next 5 years, either from exploitation or from finding of a new partner. The takeover of the shares was achieved through a transaction that implies only the investment made by Connections in the technological development of the digital platform for the delivery of online courses and in online marketing services to attract customers”, says Bogdan Florea, founder and CEO Connections Consult SA.

Connections Consult S.A. aims to contribute together with the founder Victor Militaru and Anca Florea, managing partner, to the development of the company in digital environment.

 “The entry into the 10plus.ro shareholding of Connections Group represents, on the one hand, the validation of the efficiency and efforts invested by the current management team, and, on the other hand, a trust capital earned by the company, for the accelerated evolution in the next 3-5 years, towards the flagship edtech platform of the South-East European region”, added Victor Militaru, founder of 10plus.ro.

10plus is positioned today among the best performing companies in the industry, through its didactic expertise, constant technological innovations, and background in organizational processes.

The 10Plus journey began in the year 2012, at the same time as Google Glasses, 4 years before the launch of Google Translate and 8 years before COVID-19.

The founder of the company, Victor Militaru together with Imelda Bădescu, a teacher with over 14 years of experience, chose a business model little known to the Romanian market at that time – online courses to complement the traditional education system. They have developed an entirely online teaching system based on a premium educational standard and teaching methods.

After 10 years, the live teaching-learning platform with 10Plus teacher has become one of the most popular, especially due to the expertise of teachers, teaching methodology and the relevance of language courses, Romanian language and mathematics.

 

Experts with over 20 years in technology are joining Connections Consult and form the new Advisory Board

Experts with over 20 years in technology are joining Connections Consult and form the new Advisory Board

Posted on by andreea.pislariu

Experts with over 20 years in technology are joining Connections Consult and form the new Advisory Board

 

Bucharest, 27th September 2022 – Connections Consult (CC), a group of digital transformation companies listed on the secondary market of the Bucharest Stock Exchange (AeRO), is pleased to announce its Advisory Board and the first meeting that took place in London on 16th September 2022.

”With the occasion of our first-year anniversary as a publicly traded company, we are proud to introduce our Advisory Board. Together with the executive team the Advisory Board’s recommendations and advice will shape the strategy and development of the group.  The Connections Consult Advisory Board is made of experienced business leaders and entrepreneurs that will guide us as we grow and deliver for our customers”, said Bogdan Florea, CEO of Connections Consult SA.

Bogdan Lazaroae chairs the Advisory Board.  He has over 25 years of experience in technology and large projects delivery in the United States and Europe. His extensive experience in the public sector will help shape Connections Consult’s expansion in the public sector and international markets.

Michael Lithgow, CBE CEng FIET has more than 40 years’ experience of planning, deploying and operationally managing large technology programs. His experience spans research and development, procurement, leadership of large enterprises of up to 7,000 personnel, chair of an influential defense technology think-tank and advising at Board level on major technology investments and go to market strategies.  He has operated across Europe, South Africa and the Middle East, working with local, national and inter-governmental bodies as well as commercial organizations in the telco, financial services, retail and energy sectors.  

Diana Olar brings over 20 years of experience in technology, innovation and entrepreneurship in Europe and the United States. Her experience in accelerating tech businesses and service innovation will help strengthen long-term development of the company.

”The Advisory Board will undeniably help guide and shape the future of Connections Consult.  With regular meetings and updates, we look forward to working with our new advisors.  We are delighted to welcome them to Connections Consult and are grateful they are a part of our journey to growth”, added Bogdan Florea.