Software development company in Eastern Europe to buy
Revenue: 2-20M EUR
Employees: 50 – 100
Location of the target: Eastern Europe
Reason for acquisition: The company is a large international group activating in software development. It has a strategy for growing its operations in Eastern Europe via acquisitions, therefore the management is open to speaking to interested sellers
Overview of the Buyer for software development company in Eastern Europe
The buyer company is a large international group activating in software development sector. The organization is a well-established global IT solutions and services provider with operations in regions such as Eastern Europe, Americas, Asia Pacific and Middle East. The company’s operations have been increasing each year with an average growth rate of 25% and it came to register revenues of more than 1B. The goal is to run an IPO for an internationally recognized stock exchange as soon as possible. For that matter, the company aims to deepen its software development and outsourcing expertise and wants to build a hub for selling the services to foreign clients. The company has a history of acquisitions deals it has made and it continues to search for IT development companies that will be helped to sell their services abroad. The company is looking for potential M&A targets in Eastern and Central Europe. The targets have to meet the following requirements: 1. specialized in testing, Java backend, Front end (Angular, etc.), .Net 2. have from 50 up to 100 staff members 3. have $3-$15M turnover 4. specialized in retail, fintech or media 5. have customers from Western Europe, US, Canada. Interested sellers are invited to contact CFIE for further details regarding this buyer.
Profile (strategy) of the Buyer for software development company in Eastern Europe
The buyer company is an international software licensing company that ensures a wide range of related IT services. The company’s main focus is on clients from emerging markets, clients that are both private and public entities and for which the company enables digital transformation with services and solutions such as software development and distribution, cyber security, IT outsourcing, cloud computing, mobility, big data, technology consulting, network management, etc. The group employs more than 2000 people that are engineers, technical specialists, account managers and solution sellers. It also develops long-term relations with more than 4000 partners from software and hardware manufacturing for which there is provided a unique marketing and sales channel in the markets where the group is operating.
The group provides solutions based on a large variety of technologies, it designs, implements, manages and protects the final product with technology services and business consulting support. In what matters software development services, the team has the necessary skills and competences to create complex websites, e-commerce solutions, mobile apps, billing systems, portals for municipal entities, electronic document management systems, solutions for business processes automation and other applications. The company is able to design and implement multifunctional information systems, configure individual and group modules and integrate them with the customer’s existing IT system. Due to the extensive and deep experience the team has what it takes to meet the highest customer demands.
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