June 14 (SeeNews) - French agile IT services company Inetum has agreed to acquire Bulgarian digital consultancy Do IT Wise in a move to expand its capabilities in workflow automation and create a leading business in enterprise service management and digitalisation, the two companies said on Tuesday.
The financial terms of the transaction were not disclosed in the emailed statement.
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Founded in 2010, Sofia-based Do IT Wise is recognised as a leading partner of US-listed software firm ServiceNow, which has developed an eponymous cloud-based platform that enables companies to improve operational efficiency by streamlining and automating routine work tasks. The Bulgarian company's client portfolio spans the DACH region (Germany, Austria, Switzerland), the Benelux region, the UK and the Nordics.
"Do IT Wise has been the strongest ServiceNow independent partner based out of East Europe, leading transformational projects for its clients on top of the ServiceNow platform. In joining Inetum we see an amazing opportunity to expand our client base and offerings among the group's clients, and to double our growth in less than three years," Do IT Wise CEO Idan Harel said.
The transaction strengthens Inetum's long-standing partnership with ServiceNow by extending its reach to all 26 countries where the French group operates and further accelerating the development of its delivery platform by adding a new location in Bulgaria, according to Inetum chairman and CEO Vincent Rouaix.
Inetum generated revenue of 2.2 billion euro ($2.3 billion) in 2021, with about 27,000 staff.
($ = 0.9574 euro)