GreenLight Invest buys majority stake in Bunt Studio

Newsroom 05/12/2011 | 16:20

GreenLight Invest, the private investment fund controlled by businessman Ion Sturza, announced it had taken over the majority stake in online development agency Bunt Studio. The fund is set to invest EUR 5 million by 2015 for new online products and projects.

Bunt Studio was established in 2007 and its services portfolio covers web hosting and design, programming and developing applications for mobile platforms, online services. The agency’s staff currently counts 30 people and it is estimated to reach 80 throughout next year, following the takeover. The announced investment offers the needed capital for development and entering international markets. The company estimated that it would finish developing products for these markets in 2012. “Part of the projects that we have in the pipeline are ready to go for the global applications and online products market starting next year,” said Cosmin Negrescu, CEO of Bunt Studio.

Some of the projects developed by Bunt Studio are the online bookstore Elefant.ro, and two separate startups: Bunt Hosting and SEO Monitor.