Sevenval joins the IT Services Competence Platform
The IT Services Competence Platform, a global capital group being assembled by Oaktree Capital Management and Cornerstone Partners, is welcoming a new member: Sevenval Technologies, a leading German frontend expert for digital transformation.
Warsaw, June 17th 2019 – The IT Services Competence Platform is expanding to include Sevenval Technologies, a leading German consultancy for digital transformation with a strong digital user experience and technology background. The acquisition will strengthen the presence on the DACH (Germany, Austria, Switzerland) market of the global IT outsourcing platform being assembled by Oaktree Capital Management and Cornerstone Partners.
The IT Services Competence Platform was launched in June 2017 with the acquisition of IT Kontrakt, a leading outsourcing IT and managed services provider originating from Poland. Sevenval is the third company to join the IT Services Competence Platform, following the acquisition of Solidbrain (Poland) and CoreValue (US, Ukraine, Poland). In addition to dynamic growth of its constituent companies the Platform envisages further acquisitions, focusing on Western Europe & Scandinavia as the next target markets. The goal of the Platform is to become a global provider of end-to-end IT outsourcing services for clients in Western Europe, Scandinavia and the US, through delivery centers located in Central Eastern Europe and Asia.
“Sevenval joining the Platform is transformative for the Group, as we are entering the German market with a strong partner having over 20 years of experience in digital consulting,” said Tomasz Pyrak, Global CEO of the IT Services Competence Platform. “We envisage significant synergies from leveraging Sevenval’s invaluable expertise and access to large multinational accounts with the Platform’s pool of high quality engineers and complementary service offering.”
Sevenval is a uniquely positioned and highly valued frontend expert with deep technology expertise to drive clients’ digital transformation by implementing customer-centric solutions in all layers of the company, from frontend to backend. The company handles digital transformation holistically and serves as a one-stop shop, combining the creativity and innovation of a digital agency with the precision and pragmatism of an experienced technology service provider.
Sevenval’s team of almost 200 employees comprises experienced managers and engineers, highly qualified experts as well as specialists in UX/UI and Development Operations. The acquisition will bring employment in the Group to almost 2,700 highly qualified engineers, and the Platform will gain a new scale in its ability to deliver technological solutions supporting clients’ business.
The IT Services Competence Platform plans to carry out another two or three mergers by the end of 2020, with the goal of growing the organization to 5,000-6,000 engineers and implementation of global projects for clients from the banking & finance, insurance, healthcare & pharma, real estate and automotive industries.
Note for editors:
The IT Services Competence Platform is a global-reach capital group with almost 2,700 qualified professionals. The Platform’s development is based on an M&A program and intensive, organic growth of constituent companies, with a focus on delivery of premium software services and solutions worldwide. The M&A strategy focuses on acquiring companies in Western Europe, the Nordics and the U.S., thus granting access to multinational clients and offering them competences, expertise and software solutions. The IT Services Competence Platform has software delivery centers in Poland, Ukraine and Malaysia, and will soon expand to other countries with cost-effective, high-quality engineering.
Sevenval Technologies is a uniquely positioned and highly valued frontend expert with deep technology expertise to drive clients’ digital transformation by implementing customer-centric solutions in all layers of the company, from frontend to backend. The company handles digital transformation holistically and serves as a one-stop shop, combining the creativity and innovation of a digital agency with the precision and pragmatism of an experienced technology service provider. Established in 1999, Sevenval employs 200 people with offices in Cologne and Berlin. More information can be found at: sevenval.com.
Established in 2004, IT Kontrakt implements IT solutions and services for business, and offers comprehensive support in building IT systems. It is a leader in the field of outsourcing IT services such as managed services and IT outsourcing. IT Kontrakt’s clients come from industries including pharmacy, automotive, finance, IT and telecommunications. More information can be found at: itkontrakt.com.
Solidbrain supplies highly specialized teams of software engineers to large multinational companies, as well as delivering software management and development project services to their clients. Established in 2014, the company is based in Kraków and employs more than 200 people. More information can be found at: solidbrain.com.
CoreValue is a global software and technology services company, providing cloud-based implementation services, Salesforce platform development and integration services, data services and machine learning powered solutions, and mobile & web application design and development services to industries such as finance, pharmatech, and healthcare. CoreValue maintains quality software and consultancy services to funded startups, investors, mid-sized enterprises and Fortune 50 through 500 companies. More information can be found at: corevalue.net.
Oaktree Capital Management is a leader among global investment managers specializing in alternative investments, with $124 billion in assets under management as of September 30, 2018. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 900 employees and offices in 18 cities worldwide. More information at: oaktreecapital.com.
Cornerstone Partners is a private equity investment firm operating since 2001. The mutual track record of Cornerstone’s partners is proved by more than 60 company exits with an average IRR of above 35 per cent. Cornerstone invests in private equity transactions in Poland and CEE, with a focus on backing strong management teams to grow and transform their businesses. More information at: cornerstone.com.
PR Director at IT Services Competence Platform
Tel.: +48 500 741 987