April 23, 2024 2:42 pm
Span took full ownership of Bonsai through a 100% stake acquisition

Croatian IT company Span recently finalized a deal to acquire 30 percent of the business share in company Bonsai, valued at 750 thousand euros. With this acquisition, Span gained 100 percent ownership of Bonsai and announced plans to merge the two companies. Additionally, Span intends to merge its related company Ekobit, which is currently owned entirely by Span.

The integration of Bonsai and Ekobit into Span will allow the company to streamline its software and AI solutions offerings. The goal is to present a cohesive and unique brand on the market. Along with cloud and cybersecurity, artificial intelligence is identified as a key strategic focus for Span moving forward.

AI solutions are increasingly being implemented in organizations, and the availability of generative artificial intelligence is speeding up this process. Businesses are exploring how AI-based solutions can enhance operations and processes. According to Span’s CEO, Nikola Dujmovi, artificial intelligence is no longer just a topic of discussion but is actively being integrated into businesses. This move is expected to strengthen Span’s AI offerings in key business segments and drive significant profits in the future.

The target date for the merger to take effect is the end of the second quarter of 2024. Following this, Bonsai and Ekobit will operate under the unified Span brand. The merger will enable businesses to enhance their operations through AI-based solutions that can be easily integrated into their existing systems. As more businesses embrace AI technology, it’s clear that this move will position Span as a leader in the industry.

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