Prague 14.08.2017 – Springtide Ventures decided to merge two important companies from its portfolio. Israeli company Bio-Nexus acquires Czech technological company Cleerio. Due to the new partnership, KKCG will become a major shareholder in the joint venture. The companies will complement each other, especially in the product and sales areas. This new combination will provide a comprehensive solution for clients and access to new markets.
„We have great faith in the new acquisition. It´s a perfect opportunity to mutually strengthen both product portfolios – Bio-Nexus has a mobile workflow engine and Cleerio a mapping solution. Together, they constitute a comprehensive solution for digitizing field workflows,” says Michal Tománek, Investment Director who is responsible for Springtide Ventures within the framework of the KKCG Group.
There will be a complete continuation of service provisions to all existing customers in the Czech Republic, Slovakia, and abroad. Thanks to the new partnership, Cleerio will gain access to new territories, such as Australia and Singapore, which are already served by Bio-Nexus. Furthermore, Bio-Nexus will have an office in the EU and a high-quality product line complementing its suite of mobile workflow solutions, thanks to Cleerio. The new CEO of both companies will be Ztiki Fuchs, the current CEO of Bio-Nexus. The Czech and Slovak operations will now be headed by Josef Havaš, who will be the regional COO.
„This is the next step, both for Bio-Nexus and Cleerio. I believe that we can complement each other in many different ways, grow together, and bring out the best out of this partnership,” adds Ztiki Fuchs, the new CEO of Cleerio and Bio-Nexus.
Springtide Ventures, a venture capital fund and a member of the KKCG Group, acquired a stake in Bio-Nexus in July 2016. Bio-Nexus is an innovative Israeli IT company, which develops innovative and unique technologies by combining the most modern developments, such as embedded reality, with intuitive solutions guiding field personnel through their tasks and workflows. The company currently focuses on three main industry verticals: large industrial sites (Care-Nexus), emergency medical services (Bio-Nexus Medical), and airliners (Aero-Nexus).
Cleerio is bringing high quality map information systems to clients in the public and private sector. The company’s focus is on usability, easy access to data and interoperability with other solutions. Cleerio creates and shares an online map environment with simple controls and quick searches in large datasets. Since its inception, the company has earned more than 1,400 customers. In 2016, Cleerio also expanded its activities in the US, where it is currently building an international network of partners.
Springtide Ventures creates permanent values based on strong lasting partnerships with entrepreneurs they support, their business partners and co-investors. The company values professionalism, hard work and determination to take on new challenges and responsibilities. Springtide Ventures seeks opportunities to invest and help the companies operationally all the way up to successful exits.
KKCG Investment Group
KKCG is an international investment group that manages assets worth over EUR 2.0 billion and employs over 2,500 people. KKCG’s long-term strategy targets oil and gas production, lotteries and entertainment, tourism, and new technologies via the Springtide Ventures fund. KKCG holds shares in more than 25 companies, including the MND Group, DataSpring, SafeDX, SAZKA Group, VÍTKOVICE, the FISCHER Travel Group, and others. KKCG operates in 10 countries worldwide.