TECNOTREE
6.9.2022 17:01:39 CEST | Business Wire | Press release
In pursuance to the release dated 3rd June 2022, Padma Ravichander, the CEO of Tecnotree Corporation (“Tecnotree”) and Fitzroy Investments Limited (“Fitzroy”) have today entered into a definitive agreement wherein Fitzroy will sell the first tranche of 7,500,000 shares of Tecnotree to Padma Ravichander for a purchase price of EUR 0.74 per share, which is a 3% premium on the 50-day moving-average of the Tecnotree share price on the NASDAQ Helsinki Stock Exchange. By executing this transaction, the parties have materialized the first tranche of the investment agreed by the parties. The final tranche of the investment shall be completed by December 2022. The parties shall make the necessary market notifications as required under applicable law with respect to this transaction.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220906005631/en/
Padma Ravichander closes the first round of acquisition of Tecnotree Corporation shares from Fitzroy Investments Limited (Graphic: Business Wire)
This transaction further validates our vision to ‘empower digitally connected communities’ and bring sustainable and inclusive development to our customers through our digital platform, software and services. The core of our business is to enable essential connectivity service offerings with European Finnish innovation. I am proud to say that our digital products and platforms are gaining continuous acceptance globally including Middle East and emerging markets which is testament to our One-Tecnotree brand. I am happy that this transaction reinforces my commitment to stay invested in the long-term vision of Tecnotree” says Padma Ravichander, the CEO of Tecnotree.
About Tecnotree
Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AIML capabilities and multi-cloud extensibility. Tecnotree is among the first companies in the world to be Platinum Certified by TM Forum Open API standards, and our agile and open-source Digital BSS Stack comprises the full range (order-to-cash) of business processes and subscription management for telecom and other digital services industries creating opportunities beyond connectivity. Tecnotree also provides Fintech and B2B2X multi-experience digital marketplace to its subscriber base through the Tecnotree Moments platform to empower digitally connected communities across gaming, health, education, OTT, and other vertical ecosystems. Tecnotree is listed on Helsinki Nasdaq (TEM1V). For more information, please visit www.tecnotree.com
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220906005631/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Blue Matter Launches People and Organization Practice to Help Biopharma Navigate Structural Shift18.3.2026 14:01:00 CET | Press release
Blue Matter today announced the launch of its People and Organization Practice, a dedicated capability designed to help life science companies build organizations that can perform through complexity - from enterprise transformation and M&A integration to talent strategy, learning, and workforce redesign. The launch reflects a central conviction: the biopharma industry is not experiencing a cyclical downturn but a structural shift. With more than 42,700 jobs cut across the sector in 2024–2025, unprecedented policy uncertainty, accelerating AI adoption, and intensifying portfolio pressure, organizations must transform all functions simultaneously, not sequentially, to remain competitive. A Proven Leader Across Transactions and Transformations Stacey Petrey brings more than 25 years of experience and a track record spanning more than 75 completed transactions. Stacey served as a Partner in PwC’s Deals practice where she focused on integrations, separations, value creation, and change mana
Deskpro Now Available on the AWS European Sovereign Cloud18.3.2026 14:00:00 CET | Press release
Deskpro has deployed its help desk platform on the AWS European Sovereign Cloud, extending access to AI-powered support for organizations that need to meet strict EU data residency and sovereignty requirements Today, Deskpro, provider of the secure AI-powered help desk platform, announced that it is a partner for the AWS European Sovereign Cloud, a new, independent cloud for Europe that is backed by strong technical controls, sovereign assurances, and legal protections designed to meet the needs of European governments and enterprises. Becoming an AWS European Sovereign Cloud partner strengthens Deskpro’s ability to support customers deploying environments within the AWS European Sovereign Cloud, and reinforces its commitment to supporting organizations for which data residency, governance, and regulatory alignment are non-negotiable. “European organizations face growing complexity around data sovereignty and regulatory compliance,” said Brad Murdoch, CEO of Deskpro. “By becoming an AW
Klarna Reaches 7 Million Consumers in France, Now Used by 1 in 7 Adults18.3.2026 14:00:00 CET | Press release
Klarna, the global digital bank and flexible payments provider, today announced it has reached 7 million consumers in France, meaning 1 in 7 adults in the country now uses Klarna. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260318130169/en/ Klarna reaches 7 million consumers in France. “Klarna reaching 7 million consumers in France is a significant milestone for us, and clear evidence of the shift away from high-interest consumer loans,” said Clémence Le Floch, Country Manager of Klarna in France. “The French are choosing new ways to pay, whether that's flexible payments or paying in full. Our growth reflects the strength of our merchant partnerships, the appeal of our digital banking offering, and the demand for smarter, more transparent financial tools.” France is also emerging as one of Klarna’s fastest-growing European markets in terms of app engagement. As of January 2026, the Klarna app reaches 2.9 million monthly a
Bentley Systems Announces 2026 Year in Infrastructure Event and YII Awards Honoring the World’s Most Innovative Use of Infrastructure Engineering Software18.3.2026 13:00:00 CET | Press release
Awards build on a two-decade legacy of recognized innovation, setting the benchmark for excellence across the world’s most critical infrastructure assetsCall for nominations now open; submissions will be accepted through May 3, 2026 Bentley Systems, Incorporated (NASDAQ: BSY), the infrastructure engineering software company, today announced the opening of submissions for the Year in Infrastructure event and YII Awards program, which recognizes digital innovation in how infrastructure is designed, built, and operated using Bentley software. Submissions will be accepted through May 3, at 11:59 p.m. EDT. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260318559906/en/ Bentley Systems announced the opening of submissions for the Year in Infrastructure event and YII Awards program, which recognizes digital innovation in how infrastructure is designed, built, and operated using Bentley software. Submissions will be accepted through
Veracode Expands Industry-Leading Fix with AI-Powered SCA Remediation to Combat Software Supply Chain Risk18.3.2026 13:00:00 CET | Press release
New Capability Automates Open-Source Vulnerability Remediation as Software Supply Chain Attacks Surge RSA Conference (booth #435)--Veracode, the global leader in application risk management, today announced Veracode Fix for Software Composition Analysis (SCA), an AI-powered solution to address software supply chain risk. The enhanced automated remediation engine—the next evolution of Veracode’s industry-leading Fix solution—enables organizations to detect and remediate open-source vulnerabilities easily, before code reaches production. Designed to integrate seamlessly into existing developer workflows, it delivers third-party updates and first-party code refactoring without breaking builds or disrupting development. In 2025, software supply chain breaches accounted for 30 percent of external attacks. Meanwhile Veracode’s 2026 State of Software Security (SoSS) Report revealed 82 percent of organizations struggle with escalating security debt, largely due to open-source dependencies. Ver
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom