"NGN BIT" Ltd - entering into a new sector

In recent years the IT sector in Bulgaria has shown significant growth amid global economic crisis, compared to companies with activities in other sectors of the economy. This is one of the reasons "NGN BIT" Ltd. to focus on diversifying its activities and to direct them in the field of high technologies. The town of Montana is strategically located in international traffic of Internet and data services. In that place there is a crossing of international routes: from the east enters the Black Sea route from Georgia, from the south - the Greek track and from the southwest - routes from Serbia and Macedonia. Primarily the traffic is directed to the northwest - to Western Europe and back. Sitting at the crossroads of international and transcontinental routes the town of Montana is a very attractive destination for companies dealing with data transmission and Internet. "NGN BIT" Ltd. plans to purchase and install in the DATA- Center in Montana one Dedicated server for monitoring, analyzing and storing of traffic data, one System for providing additional space and archiving and one Specialized Network Switch, last generation, that will allow the company to sell to local and foreign companies storage and data traffic with high quality and speed. Thus the company will enter a new branch of economy, creating new business facility and offering two new services to the market. Potential clients are many and increase on daily basis. Inquiries have been received from existing customers and partners; acquaintances gave recommendations. The implementation of the project by introducing new technologies is important for the future development of "NGN BIT" Ltd., because it will allow the company to expand its operations and to attract new customers.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 16 Feb, 2017
Contract date 09 Feb, 2016
View in UMIS

Beneficiary

Financial information

Total cost 650,000.00
Grant 455,000.00
Self finance 195,000.00
Total paid 455,000.00
EU participation percent 85.0%

Location