Vilnius, 2025 08 05 Altumas Group is pleased to announce that it has acquired BZN START media portal, No. 1 knowledge center for growing businesses. The acquisition marks a strategic expansion of Altumas Group’s media and information services portfolio, reinforcing its commitment to fostering high-quality business journalism and supporting Lithuania’s entrepreneurial ecosystem.
About the Transaction
The seller of BZN START is Živilė Glaveckaitė, who has led the brand since its founding. The terms of the deal are not publicly disclosed.
With this acquisition, Altumas Group gains ownership of BZN START’s brand, platform, events, and journalistic operations in the business news space.
Strategic Rationale & Vision
Altumas Group’s acquisition of BZN START is rooted in several strategic and value-creation objectives:
- Strengthening business media presence
BZN START is well recognized in Lithuania for its coverage of finance, markets, corporate developments, and entrepreneurial news. By bringing it into its portfolio, Altumas Group positions itself as a more significant player in media and information services for business audiences. - Synergies with existing assets and networks
As a diversified investment group, Altumas Group can leverage its relationships, financial expertise, and network to support BZN START’s growth, content quality, monetization, and reach. - Integrating BZN START into owned company Baltijos Antreprenerystės Aljansas
Company organizes events, conferences (https://Moterspinigai.lt, https://Pardavimuateitis.lt, https://Kriptovaliutuateitis.lt, BZN Network Party https://www.businessnetwork.lt/) and does online education with bigest online seminars website in Lithuania (https://WEBseminarai.lt) - Supporting Lithuania’s business ecosystem
Through enhanced business reporting, analysis, and insight, the acquisition aligns with Altumas Group’s broader mission to encourage transparency, innovation, and entrepreneurial success in the Baltic region.
What Will Change — and What Will Remain
Altumas Group is committed to ensuring continuity and stability for BZN START’s editorial team, audience, and partners. The announced approach includes:
- Maintaining and supporting the existing editorial staff, infrastructure, and content domains
- Upholding the journalistic standards, independence, and mission that readers expect
- Investing in digital modernization, new formats (e.g. data journalism, podcasts, video)
- Exploring new monetization and partnership models (subscriptions, events, sponsored content, collaboration with corporate / institutional clients)
- Leveraging WEBseminarai.lt network to broaden BZN START’s reach within Lithuania
Statements
“We are excited to welcome BZN START into the Altumas Group family. We see great potential in strengthening its role as a trusted business news source for Lithuania and beyond.”
– (Ernestas Kuprinskas, Founder, Altumas Group)
“Passing BZN START into the hands of Altumas Group gives the brand fresh momentum and resources. I believe this is a strong future for the portal.”
– Živilė Glaveckaitė, seller of BZN START, founder of BIELINI
About Altumas Group
ALTUMAS GROUP is consulting, project management, holding & investment company.
About BZN START
BZN START (https://bznstart.lt is a Lithuanian business news portal covering finance, markets, corporate developments, entrepreneurship, startup ecosystem, crypto and economic trends. It is recognized for timely reporting, analytical depth, and engagement with Lithuania’s business community.