A start-up from Nis sold for 165 million dollars
The Serbian-US company Frame, which was launched six years ago by the three residents of Nis, has been sold for as much as 165 million dollars to the US cloud computing software company Nutanix, which is the largest publicly known acquisition for a start-up from Serbia.
Buyer, the company Nutanix, is a cloud computing software company founded in 2009, which value is staggering nine billion dollars.
Comparison with investments of this size in our country shows how much the sale of a company that is only six years old, for as much as 165 million euros, is a major success.
The story of Frame was launched by three residents of Nis at the end of 2012. Back then it was a form of a service and it was first introduced to the public in mid-2013. At that time, the start-up by the name Mainframe2 was rebranded to Frame (Fra.me) in early 2015.
The owners then announced a new phase of company’s operations, expansion of the user circle to consumers themselves, as well as new jobs in Serbia.