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Friday, 19.04.2024, 00:43
Estonian software robotics co Flowit boosts earnings 26% on year
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Andres Aavik,
board member and CEO of Flowit Estonia OU,
said that the company's performance last year was affected the most by its
leaving an international group and adopting a new business name, as well as
investments made in new lines of business.
"A year ago we bought out the business from the listed
Swedish company Knowit AB and adopted
Flowit as our new brand. Where
earlier we used to be active mainly in the development and testing of software,
in recent years we have focused on the field of automation of robotic work
processes and made investments in the development of products based on
artificial intelligence (AI) technology," Aavik said.
As at the end of 2018,
Flowit employed a workforce of 15 people translated into full-time workers.
Since March 2018, the owners of Flowit
are Juhan-Madis Pukk and Andres
Aavik.
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