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LJUBLJANA (Slovenia), August 8 (SeeNews) – Austrian business software developer BE-terna said it has acquired Slovenian business intelligence (BI) consulting company Adacta Services.
The transaction is subject to customary closing conditions and will most likely be completed in the fourth quarter of 2019, BE-terna said in a statement earlier this week.
"This transaction is another very important step in our strategy of becoming a global Microsoft Dynamics player. With Adacta, we now have a strong footprint in the rapidly growing Eastern European region. This transaction is increasing the size of our entire company and also brings in highly trained and motivated consultants and professionals to take us a step forward in our vision of becoming an organisation with the most talented employees," the CEO of BE-terna, Christian Kranebitter, said.
With 300 employees, Adacta Services implements and optimizes business processes on cloud-based Microsoft Dynamics 365 solutions, serving customers both in the Adriatic region and in Austria, Germany and Switzerland.
"By joining forces, we will form an unbeatable group with a broad offering of various industry solutions for our local and global clients. As numerous companies in the DACH region are already Adacta’s clients, it was natural for us to look for a strategic partner in the German-speaking countries. BE- terna Group is on a track of fast growth and is backed up by Deutsche Private Equity," the CEO of Adacta, Andrej Fajfar, said.
Adacta is also a leading independent software vendor for the insurance industry in Central and Eastern Europe (CEE) with additional 200 employees in Slovenia, Serbia, Czech Republic and Russia. The insurance software part of Adacta is not subject of the transaction and will continue to act under the existing ownership structure as Adacta Fintech.