December 7 (SeeNews) - Bulgarian-based IT company Bulpros said on Monday it has acquired a majority stake in local IT consulting firm InteQrity in a bid to expand its technological competence.
With the acquisition of a majority share in InteQrity, Bulpros is expanding its technology portfolio with competence in Oracle-related software products, the company said in a press release.
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"Last year, InteQrity proved to be a reliable partner for many international companies as well as one of the valued gold Oracle partners in Bulgaria. This fits well into the strategic development of Bulpros," Bulpros CEO Ivaylo Slavov said.
Information on the value of the deal and the exact size of the transacted stake was not disclosed.
"Our partnership with Bulpros is an important strategic decision for us as well. Our main goal is to become a major player in the area of enterprise integration on the Bulgarian and foreign markets," InteQrity CEO Radoslav Bratanov said.
Bulpros is a global IT services and solutions company with focus on software development, cloud services and technology consulting.
InteQrity offers services in the area of enterprise integration and architecture. The company also provides IT services and solutions to leading companies in telecommunications, finance, insurance and other industries.