In Greece, during a decade of economic crisis and despite adverse conditions, start-ups have found an opportunity to withstand many innovative ideas and transform into business entities.
With minimal capital and staff, a number of start-up companies “thrived”, confirming the inexhaustible talent of young Greeks who decided, instead of becoming employees with a salary of 600 euros, to use their knowledge and strength in order to create from the very beginning a company based on innovative an idea that will raise funds for its development. The startup ecosystem in Greece is growing exponentially and there are countless examples of successful companies acquired by foreign titans.
In this context, the acquisition of the Greek Accusonus by the American Meta Pratforms, which is nothing less than the parent company of the social media colossus Facebook, will be officially announced in the next few hours.
Accusonus was founded in the midst of the financial crisis in 2013 to develop artificial intelligence tools that help process audio and video and allow professional audio engineers to use algorithms to improve recording quality. Its founders are Messrs. Al. Tsilfidis, El Kokkinis and M. Zannes. According to information, the price (share and loan) is about 100 million euros.
So another American giant, after Microsoft, Digital Realty, Pfizer, Amazon, Mondelez and JP Morgan, is investing in Greece.
The country is turning into an investment target because it has a strategic geopolitical position, political stability, a friendly government to attract foreign capital, and good growth prospects.