https://www.ft.com/content/a0652dba-632f-11e7-8814-0ac7eb84e5f1
“What I find most impressive and reassuring is the active number of young tech entrepreneurs, kids in their early 20s, who have the imagination and power to challenge a global start-up ecosystem,” says Eric Friedman, Fitbit’s co-founder, adding: “The evolution of the tech start-up scene in Romania is highly positive. New investment funds and business angels support more and more tech-based start-ups.” The Vector Watch acquisition is seen as proof of Romania’s potential. Launched in 2015 by former Timex chief executive Joe Santana, the company won international praise for its watches’ 30-day battery life, cross-functionality, and design. The acquisition was not only adding to Fitbit’s product range. Mr Friedman said it was using Vector Watch — which has a commercial presence in 27 countries — to boost its presence in Europe, the Middle East and Africa and to help it establish a development centre in Bucharest.
https://www.ft.com/content/a0652dba-632f-11e7-8814-0ac7eb84e5f1
