Connections announces the completion of the transaction with IGT Solutions for its Service Delivery subsidiaries

Connections, a technology company listed on the Bucharest Stock Exchange, AeRo market announces the completion of the sale of the Back Office Services division in Bulgaria, Serbia and Romania, held through its company Outsourcing Support Services S.R.L. (OSSR), to the company IGT Solutions – headquartered in India (headquarters) and with activity including in Europe/Romania (Bucharest).

The signing of the SPA (Share Purchase Agreement) took place in March 2025, following a strategic decision by Connections to focus on developing the business in the core areas – artificial intelligence and cybersecurity.

The transaction value amounts to 4.5 million euros, and part of the fixed component of the price has already been paid.        

“The completion of the sale process of OSSR Romania together with the subsidiaries in Bulgaria and Serbia provides us with part of the capital necessary to start a new investment phase: the development of advanced artificial intelligence and cybersecurity solutions – which we have been preparing since the beginning of 2025. The transaction concluded with IGT Solutions means consolidating Connections’ position, at a time when new technologies have the power to change the rules of the game in all fields and industries“, believes Bogdan Florea, Founder & Co-CEO of Connections.

Following this transaction, IGT Solutions takes over the teams from OSSR subsidiaries in Romania, Bulgaria and Serbia (approximately 150 employees), which will contribute to scaling operations and strengthening the company’s competitive advantage in Europe.

In 2025, Connections marks its first 20 years of activity on the Romanian market, during which it has recorded notable performances: listing on the stock exchange (2021), a record year in terms of revenues (2023), the first double-digit profit margin (2024), strategic institutional digitalization projects, and dividends distributed each year to its investors.

The next step, from a capital market perspective, is the company’s transition to the regulated market, an approach that Connections is preparing both by increasing the standard of corporate governance and by constantly improving its financial performance.

*** 

About Connections 
Connections (ticker symbol CC) is a flagship company in Romania’s digital transformation market, with over 300 employees and 20 years of experience in some of the most digitally advanced technology markets in Central and Eastern Europe: Bulgaria, Serbia, sales offices in the USA and the UK, and representatives in Germany and the Middle East. The company specializes in Intelligent Automation, IT Infrastructure Support, Digital Business Process Management, and On-Demand Software Development.
At the same time, Connections consistently invests in the development of software products for diverse industries, such as audit and consulting, green energy, and bots specialized in accounting and HR.
Connections’ clients include global corporations and mid-sized Romanian companies from industries such as Banking, FMCG, Energy, Telecom, and Retail, as well as government institutions in Romania.
Since September 2021, Connections has been listed on the AeRo market of the Bucharest Stock Exchange, in the Premium segment.

About IGT Solutions
IGT Solutions is a Customer Experience (CX) company that delivers personalized, relevant and effective interactions by combining cutting-edge technology with innovative solutions, using the power of Generative AI (Gen AI) to deliver exceptional end-user experiences. With the ability to seamlessly integrate human and digital intelligence, IGT Solutions is a trusted partner for end-to-end customer relationship management across a variety of industries.

Founded in 1998, the company serves over 90 leading global clients and has a team of over 25,000 CX experts managing customer processes across 31 global delivery centers located in 13 countries. IGT Solutions’ portfolio includes digital transformation services, platform integration, AI/ML and Gen AI-based solutions, intelligent automation and advanced analytics, as well as a full spectrum of BPM (Business Process Management) services and solutions.