Articles - Online
It has never been easier for small companies to go public
The revival of the capital market, appearance of new companies on the market, and a solution for the problem of generation change are expected by the CEOs of the Nominated Advisers. Ferenc Virág, CEO of Random Capital, and Zoltán Jutasi, CEO of Navigator Investments gave interview to us about their cooperation. (Interview)
More info…; Portfolio; Origo
Random Capital and Navigator Investments is working together
RANDOM Capital Broker Ltd. has become a ‘Nominated Adviser’ of the Budapest Stock Exchange (BSE) after the BSE had accepted the company’s tender offer.
In the new service segment NAVIGATOR Investments Ltd. became the partner of Random Capital, being responsible for the areas of corporate finance and transaction execution.
More info: NAVI Online; Privátbankár; Portfolio; BET lista; Hírstart; Eco; Tőzsdehírek; Tőzsdefórum
NAVIGATOR invests into a biotech company
As a facilitator of private equity investments, NAVIGATOR acquired minority share in APERUS Pharma Ltd., a business engaged in the development of a possible cure for Alzheimer’s disease. APERUS Pharma has been established together with a biotech company, AVIDIN.
Hungarian companies may bring a breakthrough in the battle against Alzheimer’s disease
An outstanding achievement has been made both financially and professionally by the cooperation of SONEAS Research Ltd. and AVIDIN Ltd. in medical development.
Who will continue to operate my company after I retire?
Solving the question of succession, or, if there is no successor, choosing the proper buyer is a difficult task. Help from professionals is advised for selling the company, and if it succeeds, the question arises: what to do with the money? Or what to do with ourselves?
Source: (Hungarian) Privátbankár
“I worked in almost all fields of investments and IT. The complicated constructions and the management of them are what I found captivating, and I still consider this as my biggest strength. After executing some more complex projects and saved more companies from bankruptcy, I came to the conclusion of closing this aspect of my career for good. It is an ungrateful task to do.” Interview with Zoltán Jutasi (Interview)
The good, the bad and the stock exchange
Capital market issuance is dead – this is what the professor of University of Berkeley, Steven Davidoff Solomon said after he investigated what chances do smaller companies have when they want to acquire funds on the capital market. It is true that according to the joint data of 2016, stock markets acquired one third of capital of 2010, primarily due to the fact that smaller companies practically disappeared. – Attila Tóth – The article has been published on privatbankar.hu with the same title.
The FUTÁR applications works well
In the past few years several articles were published about the FUTÁR project. Almost all of them were about the delayed introduction of the system, and the problematic performance of SYNERGON. Today it seems that the reorganization was good for the system, and the application works well. (Interview)
Everybody pulls it – The gigantic turnip tale of the Hungarian capital market
Regarding the development of Hungarian capital market, this tale usually comes into my mind. But why? Attila Tóth – The article has been published on portfolio.hu with the same title.
It cannot be done without brokers
The new management of the Budapest Stock Exchange (BSE) dared to dream big when recently it aimed at reaching 30% market capitalisation as a share of GDP by 2020 according to its new strategy.
Synergon CEO resigns and leaves the Group
In October 2013 Zoltán Jutasi resigned from his position in the Board, which also means that he is no longer CEO of the company. The Board of Directors chose Gyula Gansperger, CEO of the Morando Venture Capital Fund, as a new CEO. NAVIGATOR Investments Ltd. will sell its shares in the company during this month.
Synergon purchased a company again
Synergon Plc. buys Navigator Informatics Ltd., an IT outsourcing company, for a bit more than 500 million HUF. Part of purchase price will be shown as liabilities towards the enterprise, which has a registered capital of 220 million HUF.
Source: (Hungarian) Napi.hu
Why PannErgy sold its shares in Synergon?
It was announces last Friday, after the closing of the stock market, that PannErgy sold all of its shares in Synergon. The timing of the transaction is odd considering that signs of a change can be seen, and more favourable news were reported by the company in the recent months.
Source: (Hungarian) Portfoliofinancial.hu
Synergon Plc. concludes outsourcing contract with GDF SUEZ Ltd.
Subsidiary of the SYNERGON Informatics Plc., Synergon Outsource Ltd. Concluded a contract with one of the largest European energetics company’s Hungarian subsidiary, GDF SUEZ Energy Holding Hungary Ltd. – informs the publicity the BSE’s website.
Source: (Hungarian) Ertektar.hu
The CEO of Synergon becomes the biggest owner
Cashline Ltd. got rid of a bigger Synergon share package again; with the sale of 404 thousand shares the company’s ownership is now below 5%. The stocks – as in case of the sale of shares throughout the autumn – are now in the possession of Zoltán Jutasi’s company, Navigator Investment Ltd.
Source: (Hungarian) napi.hu
The Futár system starts operating
BKK Futár, an integrated public transportation IT and information provider system, will start operating in more phases.
Source: (Hungarian) napi.hu
Where’s the turning point for Synergon? The company is profitable once again
Once the price of the share even reached 1,700 HUF, then it strengthened to 400 HUF from under the frog (200 HUF). How far can the share go?
Source: (Hungarian) napi.hu
BKK Futár is already being tested
The Centre for Budapest Transport (hereinafter BKK) has started the testing of the so-called Futár transport governance and passenger information system, the equipment will be built into the vehicles by the beginning of this summer.
Source: (Hungarian) napi.hu
Synergon acquired money for development
The subsidiary of Synergon Infromatics Plc., Synergon Integrator Ltd. acquired nearly 600 million HUF of non-repayable state support for the development of the innovative building maintenance system called Smart Building – communicated the company on the website of the Budapest Stock Exchange (BSE).
Synergon plans further acquisitions
The strong increase of revenue and profitability is expected from the currently executed acquisitions – said Zoltán Jutasi, CEO of Synergon Group. In the near future, further acquisitions are expected, he added.
Source: (Hungarian) http://www.vg.hu/penzugy/meg-tervez-felvasarlasokat-a-synergon-394335
Synergon acquires companies for 2 billion HUF
Those medium-sized companies, which were bought up from the money Synergon received from the sale of Infinity, will raise the sales revenue and EBITDA with 3 billion and 400-450 million HUF, respectively.
Synergon grows through acquisitions
The prospective acquisition of companies by Synergon could increase the revenue of the company with billions of Forints, and the EBITDA with millions. The purchase is partially financed by the company’s own shares. Moreover, the CEO of Synergon is open for the possibility of appearing on the buying side if PannErgy would like to sell some of its shares, for instance. The construction of the new data centre might start in mid-2013 – as we were informed during our interview with Zoltán Jutasi.
Source: (Hungarian) http://www.napi.hu/befektetes/cegfelvasarlassal_no_a_synergon.538635.html
Synergon sold its Czech subsidiary
The Czech subsidiary of Synergon Informatics Plc. was sold – announced the company on the website of the Budapest Stock Exchange (BSE). For the subsidiary – Infinity S.A. – the company received 1.5 billion HUF.
Source: (Hungarian) https://www.napi.hu/befektetes/eladta_cseh_leanyat_a_synergon.536631.html
Electronic toll system: Synergon runs on the tender in a consortium
Synergon Informatics Plc. runs on the electronic toll system tender as a member of a consortium after signing a long-term cooperation agreement with the China International Telecommunication Construction Corporation (CITCC) – announced the company at the website of the Budapest Stock Exchange.
Synergon CEO buys shares in the Group
Zoltán Jutasi, CEO of Synergon acquired more than 7% share in the company through Navigator Investments Ltd. – announced Synergon this Friday, after the closing of the Budapest Stock Exchange.
Source: (Hungarian) https://bitport.hu/bevasarolt-a-vezerigazgatoja-a-synergonba
This year can be a triumph for Synergon
The Central Bank’s stimuli can be clearly seen on the performance of the Hungarian stock exchange in the third quarter; the leading index, BUX has increased by 7.2% during the period between July and September, offsetting its 7% drawback in the second quarter.
Six new subsidiaries at Synergon
As a consequence of the new strategy of the company, Synergon acquired five new subsidiaries and founded a Bulgarian business as well.
Source: (Hungarian) https://computerworld.hu/uzlet/hat-uj-leany-a-synergonnal-121051.html
Expanding on foreign markets
Synergon Group plans to expand its operations to foreign markets and introduce cloud-based products and services in the near future. The IT company have been significantly reorganized.
Source: (Hungarian) https://www.vg.hu/vallalatok/infokommunikacio/kulfoldon-terjeszkednenek-363645/
Synergon wants to become a cloud integrator
Due to the organizational restructuring and the cost reductions, Synergon Group has achieved higher income than in the previous years, and sees the future in foreign market expansion and in cloud services.
Source: (Hungarian) https://bitport.hu/felho-integratorra-akar-valni-a-synergon
Synergon won’t make losses
Synergon carries out major reorganizations with job cuts until Christmas; the company plans to only focus on the profitable activities. The CEO hopes to achieve a one-million HUF cost saving, and profits in the next year. The company doesn’t know about the Hagyó case.
Source: (Hungarian) https://www.napi.hu/befektetes/nem_lesz_veszteseges_a_synergon.500028.html
The new CEO of Synergon: Zoltán Jutasi
Zoltán Jutasi was appointed as new CEO of Synergon Group – announced the company at the website of Budapest Stock Exchange (BSE). Mr Jutasi – member of the Board of Directors in Synergon Informatics Plc. and executive manager of Synergon System Integrator Ltd. – was elected unanimously by the Board of Directors.
Source: (Hungarian) http://www.napi.hu/befektetes/jutasi_zoltan_lett_a_synergon_vezerigazgatoja.499049.html
Synergon has new CEO
Zoltán Jutasi, member of the Board of Directors at Synergon Informatics Plc. and partner member of Synergon System Integrator Ltd., was elected as new CEO of Synergon Informatics Plc. – announced the group at the website of Budapest Stock Exchange on Monday.
Source: (Hungarian) http://hvg.hu/gazdasag/20111017_synergon_uj_vezerigazgato
New CEO at Synergon
Synergon announced that the board of directors appointed Zoltán Jutasi as new CEO of the company. Jutasi is the member of the board, and he was the partner member of Synergon System Integrator Ltd.
He arrived ready to take action (interview)
The CEO of KÉSZ, Zoltán Jutasi arrived to the company with big ambitions. The expert, who together with other owners, bought more than 30% share of ownership is transforming the company known from construction industry into an asset management company, which besides of intensive international expansion will also further strengthen its real estate development branch. The IT segment can be a new direction, while Jutasi sees opportunities in the environment industry as well. (Interview)
Source: (Hungarian) https://www.portfolio.hu/ingatlan/iroda/tettre-keszen-erkezett–interju.94109.html
Expo in Budapest, National Theatre at Erzsébet Square, government district – although KÉSZ Group has practically won these government tenders, it could not realise the projects. In spite of the more than 100 million HUF investment in the government quarter, the leaders of the 25-year-old company did not become embittered. “Although the emblematic huge investments were not successful, we managed to complete many of the governmental tenders we won” – says Zoltán Jutasi, who is the new CEO of KÉSZ Holding Ltd. since December 2007.
Source: (Hungarian) http://archive.figyelo.hu/cikkek/204436_csoportosulnak
Portfolio expansion is expected
Besides keeping and improving the traditionally profitable business lines – namely construction and steel structures production – the KÉSZ Holding is planning on strengthening other areas as well, and also considers opening towards new industries.
Source: (Hungarian): http://blog.iroda.hu/irodapiaci-blog/portflibvts-vrhat/835
“Those who are stuck in one place will die”
They remained without competitors regarding the tender for the new government quarter. It’s not on them that they didn’t win. Their name is now widely known and their presence in the business life is undeniable. KÉSZ Holding Ltd. is aimed at becoming a significant player in the construction and investment market in the CEE region. The CEO/co-owner started from a one-man company and has reached the top now. We talked with Zoltán Jutasi.
Source: (Hungarian): https://www.szabadfold.hu/szfo_cikk_11206
KÉSZ: 700 days, 133 billion HUF
Forty people worked on the Government Quarter project even on the day when the government announced its cancellation – stated Jutasi in the joint TV programm of Délmagyarország and Szegedi Városi Televízió called Szemközt.
Source: (Hungarian): http://www.delmagyar.hu/szeged_hirek/kesz_700_nap_133_milliard/2043526/
Outsourcing professional in leading position at Navigator
Lajos Juhász, Deputy CEO of Navigator steps into the place of Zoltán Jutasi CEO, who also resigns from his membership in the board, and joins to Wallis.
Juhász earned a degree in electronics engineering, but he also gained several years of experience in the field of IT and outsourcing. “IT outsourcing is one of the main strategic guideline for EuroWeb International, thus the owners of the company decided to put Juhász to the leading position at Navigator, which is owned by Euroweb” – argued for the decision Csaba Törő, CEO of Euroweb International.
Juhész started his career in logistics, where he worked for several years in top management positions. Since 2002 he was the IT director of Wallis, then, when Wallis merged its three IT businesses into Navigator Informatics, he became the Deputy CEO, and also fulfilled the tasks of the IT Outsourcing Directorate.
Source: (Hungarian): https://www.hwsw.hu/hirek/30724/outsourcing-szakember-a-navigator-elen.html
2003 - 2005
NAVIGATOR sold its business its IT business
CEO of NAVIGATOR, Zoltán Jutasi and the Wallis Group sold their shares in Navigator Informatics, an IT outsourcing company.
Risk and unexpected costs: neither of them is acceptable
We interviewed Zoltán Jutasi, CEO of NAVIGATOR.
Navigator had developed the integrated ERP system of Graboplast
NAVIGATOR, which has 10 years of experience on the market, won Graboplast’s call for a tender with a Hungarian-developed enterprise resource planning system.
Source: (Hungarian) http://www.technokrata.hu/egazdasag/dotkom/2003/11/28/a-navigator-keszitette-a-graboplast-integralt-vallalatiranyitasi-rendszeret/