eBOS Success In EU Funded R&D Projects

eBOS Technologies Ltd is an established and innovative client-focused Cypriot owned SME headquartered in Nicosia, with 20 years of presence in the national and international market, providing advanced e-business software solutions to enterprise customers on a worldwide basis. eBOS is characterized for its passion for Research, Development and Innovation (R&D&I). Its reputation and success have exceeded the national frontiers.

Engineered for Excellence, Driven by Passion for Innovation

With an increasingly comprehensive portfolio of software solutions, investments in R&D&I are pivotal to eBOS. It is no coincidence that eBOS heavily invests R&D&DI. The majority of their personnel are engaged in R&D&I activities and >20% of their personnel have doctorate and post-doc academic qualifications.

During the past 6 years, as a direct result of their innovation strategy, eBOS has created a substantial social and economic impact on new job positions in Cyprus. In particular, they have increased their personnel size by >250%, created >40 high-skilled job positions for researchers, scientists, engineers, project managers, software developers, AI/ML experts, business analysts, business developers, quality assurance and customer support specialists, significantly improved the country’s technological R&D infrastructure and contributed towards accelerating the economic growth and the strengthening of the local industries, research and academic institutions.

The development of their product portfolio as a specialist software powerhouse has equipped the company with core competencies which are deployed in R&D/R&I projects. The knowledge, experience and innovation gained through their participation in prestigious EU funded projects are incorporated into eBOS’ products and services and their clients enjoy the benefits, added productivity and novel rich features provided by the latest cutting-edge technologies.

The core technical areas of expertise of eBOS that contribute to the evolution and the success of its products and services, through the participation and involvement in EU funded projects, include amongst others, Artificial Intelligence / Machine Learning (AI/ML) techniques, data analytics and intelligent dashboards, APIs, software applications and digital maps, blockchain solutions and cybersecurity, Internet of everything, integrated 5G and beyond testbed, IoT hardware and electronics lab. In addition, eBOS undertakes impact creation activities, including quality assurance, GDPR, ethics and data management, risk assessment, innovation and IPR management, exploitation, marketing, dissemination and communication activities.

A leading SME proudly representing Cyprus in the EU R&D landscape

Based on the data published by the European Commission in January 2023, eBOS is ranked as the top SME performer in Cyprus in EU funded R&D&I projects during the past 15 years under the EU FP7, H2020 and Horizon Europe framework research programmes. In particular, eBOS has been participating in 54 EU funded projects (out of which 43 are ongoing) collaborating with >2500 partners within Europe and beyond, raising a total funding of >€400 million for all consortium members, out of which €28 million for the benefit of Cypriot SMEs, organisations and academic institutions. In the current and most ambitious and competitive Horizon Europe framework, which started in 2021 and extends until 2027, eBOS is ranked as the top SME in the Mediterranean region (except France) and 8th in Europe with 23 ongoing R&D&I EU funded projects so far. This great achievement is a proof of success of eBOS R&D team’s hard work, devotion and high-level of expertise.

‘We are delighted with our success in the Horizon Europe programme, where we maintain our passion for excellence and innovation by improving our performance and technological knowhow; this is pivotal for applying the latest best of breed technologies to our commercial products and services we offer to our customers’, said Dr. Loizos Christofi, R&D Director of the company.

It is no coincidence that eBOS is recognized as one of the pioneering SMEs in Research, Development and Innovation both locally and internationally, while it holds an honorary distinction and certification as an innovative SME by the Republic of Cyprus since 2019. Additionally, as a recognition eBOS’ passion for innovation at European level, the European Commission has acknowledged and distinguished the company in 2022 as a true innovator as analysed by the European Commission’s Innovation Radar.

The projects in which eBOS participates cover diverse application areas that can transform, simplify and improve the life of European citizens and the productivity of businesses in the near digital future, such as FinTech, RegTech and Governance, beyond 5G and 6G mobile technologies, edge and cloud computing, digital security, cybersecurity and IoT security, border security, transport and logistics, freight, smart cities, Internet of Everything, biodiversity, smart agriculture, clean energy, smart healthcare, connected mobility, smart media, virtual reality, and defence.

One of the key outcomes from eBOS participation in EU funded R&D&I projects is the creation of numerous new inventions for which their patents are pending and some of them have already being granted.

More about eBOS

eBOS has a long history since 2003 of engaging with international research and technology organizations, industrial leaders, renowned universities, SMEs and startups to drive collaborative technological innovation and bring best-of-breed technologies to its customers and the wider community.

From the business perspective, eBOS has been established as the main RegTech and FinTech service provider for hundreds of highly satisfied enterprise customers, both at national and international levels. eBOS core offering, the WiseBOS Suite, is a state-of-the-art comprehensive suite of web-based flexible and customizable e-business software solutions empowered by AI/ML, specifically designed to effectively adapt to the ever-changing business needs of companies of all sizes, unleashing the real potential of fully integrated and business-aligned solutions. Such solutions include Governance, Risk & Compliance, KYC & AML risk management and compliance, electronic customer verification, transaction monitoring/screening, customer screening, DAC6, corporate legal, case management, which cover the needs of the enterprises of the economic sector and beyond, such as banking organisations, insurance companies, audit and legal firms, electronic money institutions, forex, etc.

The respected clientele of eBOS includes forward-thinking enterprises in a wide range of industries where comprehensive, cost-effective and avantgarde solutions are key to continued success in the new digital era. eBOS is committed to innovation and heavily investing in beyond the state-of-the-art technologies, thereby accelerating future digital innovation.

By focusing on future-oriented technologies, eBOS provides revolutionary and efficient services based on high security standards that ensure confidentiality, integrity and availability of the information. As a result of its continuous efforts, the company has been certified in 2022 with the international standard of information security and protection, ISO 27001:2013, which has at its core the secure management of information and company resources and is primarily based on the assessment, training and development of staff as the key growth pillar.

The strong dedication to its clients and its passion for research is what makes eBOS uniquely able to deliver best-of-breed innovation in all of its products that deliver real business value and a competitive advantage in the most challenging corporate environments. The efficient company structure and processes, the 60 full-time personnel’s high-expertise, skills, rich academic qualifications, professionalism, vast experience and excellent after sales service make eBOS Technologies the software solutions provider of choice for hundreds of satisfied enterprises worldwide.

As a result of the undisputed innovation brought to our society by eBOS, the company has been nominated by the InBusiness awards for the Business Innovation award for 2022. The company would greatly appreciate everybody’s help and contribution by their voting in favor of eBOS in www.inbawards.com/voting

 For more information, please visit the company’s website at www.ebos.com.cy