Buyer for proprietary software development company in Europe

• Revenue: 2- 20 million EUR
• Employees: Not a decisive factor
• Location of the target: Europe
• Reason for acquisition: The company is an international technology services provider. It has a strategy for growing its operations in Europe via acquisitions, therefore the management is open to speaking to interested sellers
• #CFIE ITB238

The buyer is a large technology group active in providing a wide range of IT services such as custom software development, IT outsourcing, and BI solutions. The management is always looking to grow the group’s operations. Now, it is interested in making a strategic acquisition of a proprietary software development company in Europe. The location of the target could be all across Europe with a preference for regions such as the UK or Eastern Europe. The type of services and range of activities required include software development, SaaS, IT services, or IT hotline support. Knowledge and or experience in Microsoft technology including ASP.Net, C#, and SQL Server is required. Likewise, Team for IT and software development is mandatory. In addition, the buyer is looking for hotline support, and help desk businesses to support users in key or major local European languages. Above all, if the IT business has an established support team with local language support, it would be a plus. The target number of employees should be ideally over 100 people and the revenue target should be more than 2 million euros. Possible synergies to bring to the target company could be the experienced business team with an excellent reputation in multiple sectors. These include automotive, construction, agriculture, finance, credit, and many others. The buyer has started the acquisition process and is looking for the right candidate company.

The buyer employs more than 800 IT experts that have been servicing customers for more than 30 years. They offer support services such as project management, data quality audits, help desk, service management, and consulting. The group has business offices in the US, India, and Europe. A special focus is on the automotive and finance industry. The management team has significant experience in sales and acquisitions due to the M&A deals concluded in the past. Most importantly, the company always allocates enough funds from its own resources for acquiring suitable targets in industries such as IT, software development, and related support and hotline services. In addition, the buyer is looking for a company operating in hotline support and or help desk businesses able to support users in key and or major local European languages. If the IT business has an established support team with local language support, it would be a huge plus.

The buyer delivers top-class technological solutions in the fields of business management, network management, credit management, and business improvement. Moreover, the related services are customized to the client’s needs and offer numerous cost-saving advantages. The system solutions incorporate features, functionalities, and tools that make businesses more competitive and efficient. Further, the company’s data analysts offer complex system algorithms that enhance data quality. Most importantly, the AI capabilities provided by the team allow the creation of innovative solutions that bring greater productivity to firms from various industries.

The buyer is looking to acquire a company that operates in the software sector and provides services such as:

• Proprietary  software development
• SaaS
• IT services
• IT hotline support
• Help desk
• Business management and intelligence reporting
• Data analysis
• IT consultancy

• This buyer is an international group with operations in the USA, Europe, and Asia
• The group offers technological solutions and related services that improve business efficiency
• The buyer has decided to expand its operations in Europe and wants to acquire a proprietary software development company