M&A WATCH: EASTERN EUROPE – JULY 2021 COVERAGE
This month, we highlight 8 deals across Eastern Europe within the IT Services and Software verticals. Notably, there were several active strategic and private equity buyers, including Dept Agency and SoftwareONE. Additionally, Poland and Croatia remain hot markets in the Eastern Europe landscape with 4 of the deals highlighted below occurring in Poland. Overall, Eastern Europe remains full of high-level IT services and software companies that buyers and investors continue to show interest in given the high concentration of IT/Software talent, timezone advantage, and agile delivery methods.
Grape Up, a technology and consulting company building key IT solutions for large global enterprises in the Automotive, Insurance, Finance & Retail sectors, expands its expertise in artificial intelligence by acquiring Addepto, a Polish technology company that develops custom AI and Big Data solutions for companies operating in various fields, from the Financial and Aerospace industries to Manufacturing and Retail. #Poland #AI #BigData
Star, a global technology company connecting end-to-end strategy, design, and engineering services, announced its acquisition of Pro4People, a leading software consultancy based in Wroclaw, Poland, specializing in regulated MedTech and digital healthcare. #Poland #DigitalHealthcare #SoftwareDevelopment
EPAM Systems, Inc., a leading global provider of digital platform engineering and development services with offices in Belarus and Bulgaria, has acquired CORE SE, a professional service provider specializing in IT strategy and technology-driven transformations. #DigitalTransformation #EMEA #ITarchitecture
Dept Agency, an international digital agency headquartered in Amsterdam, has entered the Croatian market by acquiring local IT company Blazing Edge. Blazing Edge is a Croatian IT company that provides clear cut web, mobile, and IoT development. Blazing Edge has provided services to companies like Indigo Ag, Globalization Partners, and Discovery Channel. #Croatia #Java Script #IoT
SoftwareONE Holding AG, a leading global provider of end-to-end software and cloud technology solutions acquired SE16N, a leading SAP technology service provider and SAP S/4HANA specialist. SE16N provides a range of comprehensive SAP cloud services to help customers maximize the value of their SAP investments. The acquisition further strengthens SoftwareONE’s fast-growing SAP practice in Europe and globally, adding a team of skilled SAP cloud experts and significant delivery capabilities. #Poland #SAP #Cloud Solutions
Prisync, an Istanbul, Turkey-based SaaS competitor price tracking and dynamic pricing software provider, acquired Lithuania-based competitor Marguard. The acquisition of Marguard expands Prisync’s portfolio to over 600 retailers and manufacturers from over 50 countries worldwide. #Lithuania #E-commerce #Software
Appfire, a leading provider of apps that help teams solve modern challenges with digital solutions, has acquired Spartez Software, a Atlassian Platinum Marketplace Partner with nearly 9,000 installations worldwide based in Gdańsk, Poland. As part of the acquisition, Spartez’s full 35-person team will join Appfire with all four founders continuing their involvement in various roles. #Poland #Atlassian #Software
ChainSafe, a leading blockchain development and engineering solutions firm encompassing top engineering talent from around the world, has acquired Croatian blockchain partner Node Factory. Node Factory is a blockchain R&D firm based in Zagreb, Croatia. The company has created products such as ChainGuardian, a desktop application for Eth2 validators, and FilSnap, a plugin for the MetaMask browser wallet enabling users to interact with Filecoin dApps. #Croatia #Blockchain #Infrastructure
About 7 Mile Advisors
7MA provides specialized Investment Banking & Advisory Services to the professional service firms in the Consumer Products & Retail industries. We help our clients determine the right strategic partners for their businesses, transition ownership, raise capital, grow through acquisitions, and evaluate new markets. We advise our clients on M&A and private capital transactions, and provide unique market insights. Our team brings experience and energy to all of our engagements, with a focus on helping our clients navigate a changing marketplace.
To learn more about how 7 Mile Advisors can help you evaluate and execute on strategic M&A or private capital alternatives for your business, please visit our website www.7mileadvisors.com.
