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IBM to open its fourth business services center in Romania

US-based IT giant IBM announced it would open a new business center in Cluj-Napoca this July, the fourth center operated by the It company in Romania, after Bucharest, Brasov and Timisoara.

2017-06-26 22:28:29

The new center will be opened within Liberty Technology Park, the office complex developed by Fribourg Capital, managed by Ioan Sturza. The office center which is fully occupied and hosts 33 companies, attracted tenants in the area of technology and IT, such as Siemens, Halcyon Mobile and Control Data Systems. For the new center, IBM is opening around 100 IT jobs.

Recently, Romania's Fribourg Capital launched a 20 million Euro investment fund for startups, targeting startups in the IT sector. "According to our observations, most startups fail not because of the idea or the product they designed, but because they do not manage to turn them into a viable business. Fribourg Digital wants to be a strategic investor, not only a financial one, with maximum involvement in the companies it finances," Fribourg Capital managing partner Ion Sturza said.

Fribourg Capital is a private equity and venture capital fund headquartered in Bucharest which operates in Eastern Europe and CIS countries. Currently, the fund focuses on online companies and technology, with active investments in online retailer elefant.ro, in SEO and digital marketing services agency Upswing and in startup hub Liberty Technology Park in the city of Cluj, central-western Romania.


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