Release date: 18 February 2019
Promoter – Financial Intermediary
SOFTWARE GROUP BG ADLocation
Description
The project will finance Software Group's investments into new products and services, including the up keeping of the platform, digital channel products and applications. It will also cover the "upstream" development of the business requirements and translation to the new product specifications in insurance and factoring.
Objectives
The EIB financing the promoter's research, development and innovation (RDI) activities, and financing will also include the related marketing and sales expenditures in support of its market expansion.
Sector(s)
- Services - Information and communication
Proposed EIB finance (Approximate amount)
EUR 18 million
Total cost (Approximate amount)
EUR 41 million
Environmental aspects
The RDI activities take place in existing locations without environmental impacts and do not require any environmental authorisations.
Procurement
Software Group is a private sector company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives. Nevertheless, the procurement policies and the supply management characteristics as presented to the Bank are considered acceptable.
Status
Signed - 15/03/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).