Eunoia CEO Stefan Farrugia wins EY Rising Star Entrepreneur of the Year Award

Eunoia, a leading data and AI solutions company, is proud to announce that its CEO, Stefan Farrugia, has been awarded the prestigious EY Rising Star Entrepreneur of the Year award. This recognition highlights Stefan’s visionary leadership and Eunoia’s transformative impact on industries across Malta and beyond.

Founded in 2017, Eunoia has grown from a local startup into an internationally recognised tech company with offices in Malta and Cyprus, employing over 40 talented professionals. The company’s mission is to help businesses turn data into a competitive advantage by delivering innovative solutions in business intelligence, artificial intelligence, and data governance.

Reflecting on the award, Mr Farrugia shared: “The EY Rising Star Award came as a huge surprise to me as all nominees deserved commendation. An entrepreneur is nothing without the team behind him that executes the dreams – those who have been there from the start and those who joined later.”

Under Mr Farrugia’s leadership, Eunoia has delivered groundbreaking projects that have reshaped industries such as finance, retail, iGaming, maritime, and insurance.
• Modernising Data Infrastructure: Eunoia has helped businesses transition from legacy systems to scalable cloud-based solutions, improving efficiency and unlocking new opportunities.
• AI Adoption: By building accelerators for AI implementation, Eunoia has enabled clients to enhance their decision-making processes through advanced analytics and automation.
• Compliance Innovation: The launch of CFOUR compliance software has empowered businesses to meet EU regulations while demonstrating their commitment to sustainable practices.

Eunoia’s approach combines industry-specific expertise with a commitment to long-term partnerships. Through initiatives like its annual hackathons and collaboration with global platforms such as Microsoft Fabric and Databricks, the company continues to deliver tailored solutions that address real-world challenges.

At the heart of Eunoia’s success is its people-first philosophy. The company has cultivated a culture of continuous learning, which has delivered over 800 hours of training to employees. With an impressive 85 per cent employee retention rate over three years, Eunoia’s team is united by a shared passion for innovation and excellence.

Looking ahead to 2025 and beyond, Stefan Farrugia is focused on expanding Eunoia’s impact. Building on its success in Cyprus, Eunoia is entering new markets in East Europe and the Gulf region with resources already onboarded in Dubai.

The company is also developing ESG analytics tools to help businesses align with EU climate goals while driving sustainable growth.

Meanwhile, through mentorship programmes and structured professional development initiatives, Eunoia is investing in future-ready talent for Malta’s growing tech ecosystem.

“This award isn’t just about me,” Mr Farrugia emphasised during his acceptance speech. “It belongs to everyone who believed in our vision – our incredible team at Eunoia who bring ideas to life every day, our clients who trust us as partners in their digital transformation journeys, and my family who support my dreams.”