Solitea completes acquisition of the company Techniserv IT
- 2 Mar 2022
3 minutes to read
3 minutes to read
Brno, 2 March 2022 – Solitea has acquired a 100% share in the company Techniserv IT, spol. s r.o. For Solitea, it is another acquisition of a supplier of robust software packages and customised solutions for the state administration and major corporate customers. At the same time, the company is expanding its competences and portfolio with systems designed for working with ordinary electronic documents and authenticated electronic documents in accordance with eIDAS.
The company continues to strengthen its position as a leading supplier of robust software packages for the state administration and major corporate customers.
“The acquisition of Techniserv IT is very important for us, not only for increasing our market share, but mainly because of mutual synergies in the field of solutions for the state administration,” says Martin Cígler, chairman of Solitea’s Board of Directors. “Techniserv IT has similar customers to Solitea, and this acquisition will therefore significantly increase our capacities in numerous respects. On top of that, Techniserv IT can also supply software packages, which until now Solitea has had to supply through a subcontractor. We also see great potential for transactions in the area of synergy, because we will be able to supply more comprehensive solutions and services to existing customers. The acquisition also provides us with numerous qualified professionals, and I for one am already looking forward to working with them,” Cígler concludes.
In Central and Eastern Europe, Solitea is one of the largest suppliers of accounting and business information systems (ERP) designed for the commercial sector, as well as for government and non-profit organisations. In the Czech Republic, the company is a leader on the cash register systems market, and hundreds of thousands of customers use its cloud services for small businesses, such as iDoklad (iDocument). Solitea also offers complete turnkey payroll outsourcing. Furthermore, it is an important supplier of solutions for the state administration. Our Czech neighbours, for example, provide the eRecept (ePrescription) system, while an example of a foreign project is implementation of a system for the Finnish customs administration TULLI.
“We have been developing TECHNISERV IT as part of the TECHNISERV Group for precisely 20 years. In the environment of an excellent team and corporate culture, we have gradually managed to orient ourselves towards software and enterprise infrastructure, creating a harmony between needs arising from business and satisfaction of these needs with robust ICT solutions. In the segment of eIDAS software solutions and the field of ORACLE technologies, we have even established ourselves among market leaders,” says Luděk Telecký, CEO of Techniserv IT.
“In the top management, we came to the conclusion that we have reached a certain limit, where the affiliation with Solitea is a strategically correct step forward in the development of our company,” Telecký adds. “At the same time, I’m glad that the whole, relatively complex transaction was made in a mutually positive spirit and, in addition to new synergy as part of Solitea, we will also continue our established business cooperation with the TECHNISERV Group. I believe that the connection with Solitea will present a new challenge in the careers of many of our employees, and will significantly enrich our existing range of services and products for our customers.”
The current executive management will continue to run Techniserv IT. Existing partnerships and business or client relationships and agreements will not be affected by the acquisition. The price of the acquisition will not be made public, and the transaction is subject to approval by the Office for Protection of Competition (ÚOHS).
About Techniserv IT
Techniserv IT, spol. s r.o. is a leading Czech software company that supplies large, custom-made software packages to large organisations and the state administration. It focuses primarily on systems designed for working with ordinary electronic documents and authenticated electronic documents in accordance with eIDAS. Major customers of the company include the Czech Railways Group, the General Directorate of Customs, the Ministry of Regional Development and the Brno Municipal Authorities. TECHNISERV IT is involved in the administration of basic registers and the public registers information system, and provides professional services for large system integrators.
The software ELDAx, developed by TECHNISERV IT, is used by hundreds of customers from a range of health facilities and private or state-owned companies, and is also part of large software solutions such as the project eSbírka a eLegislativa (eCollection [of laws] and eLegislation) for the Ministry of the Interior.
In the financial year 2022, the company expects a turnover in excess of CZK 500 million. More at www.techniserv-it.cz.
Solitea, a.s. is a major European supplier of ICT solutions. The company employs over 1,400 people in 7 countries, and serves more than 260,000 customers in 35 countries worldwide. This year, Solitea expects consolidated revenues in excess of €130 million and has long been one of the fastest growing IT companies in the region. In recent years Solitea, has made dozens of significant acquisitions of IT companies in the Czech Republic and Slovakia (such as Altus software, Aquasoft, Axiom, BI Experts, CDL SYSTEM, Cígler software, Clever Decision, D3Soft, Dotykačka, Dynamica, GEMMA Systems, J.K.R., Mainstream, Smart software, Techniserv IT, Vema and WBI) and in the Balkans (Billans, MIT Informatika and SAOP). Solitea has long been strengthening its position as a major European supplier of information technologies for commercial entities and the state administration. The majority owners of the company are Slovak private equity company Sandberg Capital and Martin Cígler. More at www.solitea.com.
For more information please contact: