Writen by Stefan Farrugia • 28th May 2019
Eunoia is ready for the next phase of its journey.
This is the time for Eunoia to take its path to drive its own future, which sees a change in shareholders. Stefan Farrugia, the current General Manager, will now take the driving seat as CEO, whilst the seasoned business partners, Neville Micallef and Brian Ferris will add primary value to the business, having already setup a number of successful cloud-first ventures, namely DataDear Limited and Scope Solutions.
The foregoing shareholders, 1923 Investments plc and Harvest Technologies, which were instrumental for founding the business, have divested all their holdings in the company and provided a great opportunity for the new shareholders to take this business forward.
The objective of this buyout is to ensure that Eunoia has enough flexibility to meet the current market needs, whilst it ventures further into cloud-first solutions to enable the ambitious growth plans.
Eunoia set up shop in 2017 as a focused data and analytics company, forming part of Harvest Technology, the technology division of 1923 Investments Plc. which is a subsidiary of Hili Ventures Ltd. Eunoia has already achieved a number of important milestones. The launching of the inbred product CFOUR (www.cfour.tech) which was recognized at the first Malta Innovation Summit, and achieved the status of Microsoft Gold Partners in Data and Analytics.