4iG to Boost Stake in Software Developer Innobyte

Deals

Image: Facebook

Listed IT company 4iG on Friday said it entered into agreements to raise its stake in software developer INNObyte from 70% to 100%, according to a report by state news wire MTI.

4iG acquired its controlling stake in Innobyte in 2020.

Innobyte develops software for the telecommunications, automotive, healthcare, farm, and banking industries. It had net sales revenue of HUF 3.3 billion last year, public records show.

The headcount at the business averaged 69 during the year.

ADVERTISEMENT

Voluntary Pension Fund Contributions Climb 20% in Q1-Q3 Figures

Voluntary Pension Fund Contributions Climb 20% in Q1-Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Higher Sugar Prices Raising Holiday Candy Costs Retail

Higher Sugar Prices Raising Holiday Candy Costs

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.