Luxembourg - Athens, September 17, 2024 – Uni Systems, a prominent European IT provider, has acquired a minority stake in Compellio, a Luxembourg-based deep tech company, in a significant move to enter the Asset Tokenization domain. The transaction was completed for an undisclosed sum.
The patented technology of Compellio offers Tokenization as a Service, which simplifies integration with current enterprise systems and promotes innovation for next-generation internet services. The Compellio Gateway platform, which is available as a cloud service, leverages the benefits of blockchain technology to facilitate the interoperability of cross-system information sharing in a privacy-preserving and adaptable manner.
The two companies intend to expedite the adoption of blockchain and tokenization technologies by optimizing engineering efforts and assisting in the control of the total cost of ownership through this strategic partnership.
It is important to mention that Compellio has implemented blockchain-based solutions for significant EU institutions, industry actors, academic institutions, and SMEs. The company also engages in collaborative research with MIT Connection Science and is a participant in EU Horizon programs that focus on advanced Web3 research and development. Moreover, Compellio is listed in the Luxembourg Industry and Research Capabilities for Security and Defense 2024 Index.
Yiannis Loumakis, CEO of Uni Systems, stated: "In the present complex world, in which humans, machines, and software interact, it is our responsibility as IT companies to establish trusted sources of information, bolster the authenticity of products, enhance the security of civil and defense software, and assist in the safeguarding of the critical infrastructures of the public sector. Modern IT systems require the capacity to rapidly and unambiguously confirm the source of information and assets. Asset tokenization is vital in this context. Our collaboration with Compellio expedites the adoption of blockchain for the advantage of our clients in a variety of sectors, thereby improving efficiency and managing overall ownership costs”.
Denis Avrilionis, CEO of Compellio, said: “We are proud to enter into such a strategic collaboration with Uni Systems. Our Compellio Gateway integrates cloud computing with smart contracts, bridging the gap between traditional IT systems and Distributed Ledger Technology. The Compellio Gateway allows enterprise software developers to quickly focus on the business-added value without the complexity of blockchain smart contract programming. Leveraging years of experience in software engineering and R&D, we are uniquely positioned to contribute to building the next generation of asset-centric internet services. Uni Systems is a key partner in such enterprise solution development activities. Our partnership with Uni Systems will accelerate our product development and allow us to reach new markets more quickly.”
The two companies collaborate on a diverse array of initiatives and investigate opportunities in the fields of banking and finance, logistics, energy, e-commerce, cultural heritage, and intellectual property protection.
About Uni Systems
Uni Systems, a long-standing strategic ICT partner to financial institutions, public organizations, telecom operators and enterprises in the European region, has been providing integrated solutions and value-added services since 1964. Today, the Company invests substantially in its European perspective and demonstrates a proven track record of accomplishments in complex and mission critical IT projects in more than 20 countries through its subsidiaries in Belgium, Romania, Luxembourg, Italy, and Spain. For more information, please visit www.unisystems.com.
About Compellio
Compellio S.A. is deeptech company located in Luxembourg, providing patented (USPTO) Software as a Service – SaaS infrastructure for bridging the gap between cloud (web2) and blockchain-related (web3) computing. Compellio actively collaborates with MIT Connection Science in blockchain-oriented research while it is a member of the Internet Engineering Task Force (IETF) SATP working group. Since 2018, Compellio has collaborated with an esteemed set of clients including large industry players and public institutions to deliver solutions that integrate web3 technologies into traditional IT systems. For more www.compellio.com.
