Slovakia's Sandberg Capital invests 20 mln euro in Serbia's Quantox Technology

Slovakian private equity company Sandberg Capital has invested 20 million euro in Serbian software developer Quantox Technology with the aim of further expanding the company’s business, Quantox said.The investment is aimed at making a significant leap for Quantox’s future sustainable development, talent acquisition, and strategic global expansion, Quantox said.

“This investment will enable us to have a greater presence in the European and US markets, which will mean a lot to our clients by increasing the range of services,” said Quantox founder, Vuk Popovic.
Quantox has seven offices across Serbia and its international team has more than 500 experts working from 13 development centres in seven different countries.
According to the Serbian Business Registry, Quantox Technology was founded in May 2008 with a capital of 20,200 dinars.