exit · LT · 01 JUN 2021
Livonia Partners agreed to sell its Santa Monica Networks divisions in Lithuania and Latvia to Latvian mobile operator LMT, pending regulatory approval. SMN's Lithuanian operations had sales of EUR 12.4 million in the prior year.
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- Hire · 13 Jul · —Daiva Budrikė joins the management team as Marketing Director.
- Exit · 01 Mar · —Livonia Partners acquired a controlling stake in Santa Monica Networks' Lithuanian and Latvian operations in March 2017, with company management retaining a significant minority stake. The Baltic division generated EUR 23.4 million revenue in 2016 and employed 52 people in network and IT security solutions.