March 22 (SeeNews) - Bulgarian software company Bulpros said on Monday that it has entered into a merger agreement with Germany's ec4u, as private equity firm Silverfleet Capital is set to acquire a majority stake in the merged company.
The combined platform will have more than 1,400 employees across 25 offices in 11 countries, Bulpros said in a statement.
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The two companies have been partnering in digital cloud solutions since 2018. The founders and existing management teams of both companies will remain with the merged company as large shareholders.
The merger is subject to regulatory approval.
Bulpros has over 1,000 employees across 20 offices located in Europe and North America, while ec4u has 400 employees based in Europe.