Cuatroochenta receives five million from Banco Santander to accelerate mergers

    Cuatroochenta receives a new boost to its agile mergers and acquisitions strategy. The Valencian technology company listed on BME Growth has the backing of Banco de Santander’s Smart Fund, for which the financial entity offers up to five million euros to boost its expansion.

    The amount that the Banco Santander fund makes available to Cuatroochenta will be destined mainly to the integration of new companies. With special emphasis on complementary areas within its focus on software to improve business performance, as highlighted by the listed company.

    Since the Valencian debuted at BME Growth in October last year, it has already closed three corporate transactions. These have been executed through a combination of own funds and bank financing. The first of these operations was the purchase of Ekamat, Microsoft’s partner company from Barcelona.

    Towards Latin America

    Then came the acquisition of Fama Systems, a software development company for the facility management sector in Spain. Finally, the absorption of Sofistic Colombia was announced, with which the company managed to strengthen itself in the cybersecurity area and, furthermore, advance in the Latin American market.

    The agreement between Banco Santander and Cuatroochenta is part of the Smart Growth Line of the Smart Fund, endowed with 500 million euros and aimed at companies and SMEs with a turnover of between three and 100 million euros, according to the Spanish firm. Likewise, it is a requirement that the participating companies present high growth in their gross operating profit or Ebitda.

    Recent Articles

    8 Most Beautiful Natural Places in Iran That You Should Not Miss ( Kental )

    8 Most Beautiful Natural Places in Iran That You Should Not Miss ( Kental ) This useful article from the Kentaltravel website is about the most beautiful natural places in Iran. We will ...

    When is the town hall 14 released in Clash of Clans?

    A newly updated Builder's Hut with a defensive tower and the ability for the Builder to enhance neighboring defenses has just been made known...

    Ear 1: Mysterious Nothing Company Announces First Product

    The mysterious technology company of the co-founder of OnePlus announces its first product, which is nothing but a bluetooth headset called Ear 1 At the...

    The trick to use your WhatsApp on two mobiles at the same time

    Throughout 2021, the messaging application that does not need an introduction, WhatsApp, will allow the same account to be used on different devices, up...

    TikTok will broadcast live game of the Northeast Cup

    TikTok will broadcast a football game live for the first time this Wednesday (31), when it will display the Ceará x CSA match at...

    Related Stories

    Leave A Reply

    Please enter your comment!
    Please enter your name here

    Stay on op - Ge the daily news in your inbox