The Lithuanian Competition Council on Aug. 10 received The IT Channel Company's request to allow the acquisition of 23% of shares in 1ClickFactory, which will give it joint control of the company.
Volternas currently owns 65% of shares in 1ClickFactory and Sfink Invest holds the remaining 35%. The competition authority did not say from which company the 23% stake would be purchased.
1ClickFactory's services are directly related to the qualitative upgrading, development and localization of the Microsoft Dynamics NAV business management system.
Volternas was founded in June 2015 by Valentinas Pranas Milaknis, Zofija Milakniene, Justina Milaknyte and Tomas Milaknis.
