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Frequently asked questions (FAQs) on the acqusition

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What is happening?

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• This marks a significant milestone for ÷ÈÓ°Ö±²¥.
• Gemini Solutions’ team of 170 team members including software engineers and operations staff based in Romania will join us in the first quarter of 2021. They cover a broad spectrum of technologies across the entire software product development lifecycle.Ìý
• The close of the acquisition, due in the first quarter of 2021, will see the establishment of ÷ÈÓ°Ö±²¥ Romania with the Gemini Solutions team at its core.Ìý
• The acquisition will help strengthen ÷ÈÓ°Ö±²¥â€™ and support our European and global expansion.Ìý
• The team will provide near shore support for ÷ÈÓ°Ö±²¥â€™ clients in the UK and Germany as well as continue to support existing clients in North America, France and Germany.Ìý
• The Gemini Solutions team brings with them a wealth of experience and will help us accelerate growth in our key strategic focus areas of IoT, digital transformation, enterprise modernization, data and customer experience.Ìý
• This is an exciting new chapter in the ÷ÈÓ°Ö±²¥ story and we will do everything we can to ensure a smooth and seamless merging of the two organizations.Ìý

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Why did ÷ÈÓ°Ö±²¥ decide to acquire Gemini Solutions?

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• As we mature as a company, we need to look at how we grow the business and expand our impact globally. Our focus to date has been on organic growth but we believe we need to have a blend of both organic and inorganic in order to achieve our ambitious plans.Ìý
• This acquisition will support us to increase capacity, capability, and impact in Europe and North America.
• Gemini Solutions will help us increase our nearshore delivery capability and capacity in Europe. Plus the Gemini Solutions team brings with them a wealth of experience and will also accelerate growth in our key strategic focus areas of digital transformation, enterprise modernization, data and customer experience.Ìý

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What will happen with Gemini Solutions’ current projects?

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• All existing projects will continue to be led and delivered by the Gemini Solutions team. There will be no discontinuity in the current business.

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What’s the benefit for clients?

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• This acquisition will significantly improve our ability to support and service clients especially in Europe.Ìý
• The Gemini Solutions team brings with them a wealth of experience especially in IoT that complements our own and will ensure we can address a new range of clients challenges.

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Why are the Gemini Solutions founders not staying on?

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• During the 16-year adventure thatÌýTheo Nissim and Florin ParleaÌýembarked on with Gemini Solutions, their focus was always to build a strong leadership team ready and perfectly positioned to continue the journey that they started.
• Now they both feel that this is the right time to pass on the baton and have a new and fresh start. They are looking forward to a new life in advising, investing, mentoring and helping new ventures reach for the stars.
• They will stay on as advisors with us in the next few months to help ensure a smooth and successful transition.
• They are both grateful for the experience, and the opportunity to connect with so many great people and they strongly believe that ÷ÈÓ°Ö±²¥ is the right partner and organization that can fulfil the ambitions they had for Gemini Solutions.

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Will they continue as Gemini Solutions or will they change their name to ÷ÈÓ°Ö±²¥?

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• Eventually they will become ÷ÈÓ°Ö±²¥ Romania but there will be a transition period while we integrate all our systems.ÌýÌý
• Plus we want to work together on the integration. We’d like to learn from them just as much as they will be learning from us.
• You said that Gemini Solutions will now become ÷ÈÓ°Ö±²¥ Romania - what does that mean?
• As the Gemini SolutionsÌýteam is currently primarily all based in Romania and offers services to both North America and Europe we felt that this gave us an opportunity to expand ÷ÈÓ°Ö±²¥â€™ European network and create ÷ÈÓ°Ö±²¥ Romania.

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How much have we paid for them?

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• We are not at liberty to share this figure.

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Who will ÷ÈÓ°Ö±²¥ Romania report to?

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• Serban Tir who was previously Gemini Solutions’s CTO will be staying on as General Manager for ÷ÈÓ°Ö±²¥ Romania.
• Serban has been with Gemini Solutions since 2005 and brings with him a wealth of experience.
• He will report into Peter Buhrmann, MD for ÷ÈÓ°Ö±²¥ Germany. Together they will work to ensure a smooth integration for the people, clients, and business operations in Romania.

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Is ÷ÈÓ°Ö±²¥ planning to make anyone in Gemini Solutions redundant?

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• We have no plans to make anyone redundant. In fact the reverse is true and we’re going to grow and scale up the team.