Major Investment: Oakley Capital Acquires Bulgarian Company Graphwise
The Bulgarian technology company Graphwise, which is the successor to the well-known firm Ontotext, is coming under new ownership. The investment fund Oakley Capital has announced that it is acquiring a majority stake in the company. The deal marks an important milestone in the development of the Bulgarian software sector.
Until now, the majority owner of Graphwise was an investment consortium led by Integral Capital Group. It also included PortfoLion Capital and other partners. The change in ownership demonstrates the growing interest of international investors in Bulgarian companies working in artificial intelligence and data management.
Graphwise is well-known in technology circles for its work with graph databases and semantic technologies. The company continues the traditions of Ontotext, one of the pioneers in Bulgaria in the field of the semantic web and information processing. The technologies developed by the team are used by large organizations around the world.
It is expected that the new partnership with Oakley Capital will provide additional resources for growth and the expansion of Graphwise's market presence. The investment fund has experience in supporting software companies and plans to develop the potential of the Bulgarian team on a global scale.
This deal is further proof that Bulgarian technology companies are competitive and attractive to large foreign investors. The impact of this change on the local labor market and innovation remains to be seen over the coming months.