Growth

Dutch Sioux Technologies Completes Full Acquisition of Romanian Software Development Centre in Cluj-Napoca

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Sioux Technologies, a Dutch high‑tech software group, completed the full takeover of its Romanian development centre in Cluj‑Napoca. The unit, originally launched in 2018 as Qubiz Software Services, posted 2025 revenues of about 19 million lei (≈3.8 million EUR) and a net profit of roughly 470 k EUR. The acquisition, undisclosed in price, aims to enlarge the local team and deepen the company’s engineering capacity for sectors such as semiconductors, medical technology and analytics.

BizAway Secures €10 Million from BBVA to Acquire Dutch Travel Firm and Expand Across Northern Europe

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Spanish travel‑management startup BizAway secured €10 million from BBVA to fund the purchase of Dutch firm Uniglobe Alliance Travel and to boost its footprint in the Benelux market, marking a significant step in its European growth strategy.

Swedish Game Developer Embark Studios Reports 800% Revenue Surge to Billion-Dollar Figures

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The Swedish game developer Embark Studios saw its turnover jump 800% to reach the billion‑dollar range and posted a solid profit after moving 12 million game copies in just two months, as disclosed in its latest annual report. The company also warned of future risks, particularly related to its staff.

US AI Coding Platform Replit Launches London Hub as Part of European Expansion Strategy

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US AI coding platform Replit announced the launch of its European hub in London, hiring 20 staff locally and targeting up to 100 employees by early 2025. The move follows a $400 million funding round in March and reflects the company’s strategy to diversify beyond Silicon Valley and tap into London’s diverse talent pool.

Vinted Completes Migration to Proprietary Payment System in Germany

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Vinted announced that it will stop using Mangopay for seller payments in Germany and switch to its proprietary Vinted Pay system. The change, finalised on 5 October, will allow tighter control over wallets, bank‑account matching, security checks and identity verification. Vinted Pay has been piloted in the Baltic states and several Eastern and Southern European countries, while Vinted still relies on external providers such as Mangopay and Adyen in markets like the Netherlands, France and the UK. The move does not end Vinted’s partnership with Mangopay, which was extended earlier this year.