Luxembourg, October 8, 2021 - INTRASOFT International, is announcing that as of today it is joining forces with Denmark-based Netcompany to create one of Europe’s leading IT companies. Netcompany and INTRASOFT are embarking together on a growth journey poised to lead the digital transition across Europe.
The emerging European IT leader is expected to rival some of the global tech giants, with its presence across the continent and beyond, with a total employee count of over 6,000 and with a very broad and proven portfolio of platforms and services. The Group will now be targeting markets and sectors across the region, taking advantage of the unique digitalization opportunities that are emerging throughout the area. The combination of Netcompany as a frontrunner in Northern Europe with Luxembourg-based INTRASOFT and its strong position in Greece and South Europe is creating an unparalleled European IT trailblazer, fully complementary in its offering and its service proposition.
The complementarities between INTRASOFT and Netcompany are giving rise to a new strong player with combined expertise across the EU Institutions, the public sector and large market verticals such as utilities, banking and telcos. The timing of this strategic move underlines the importance of digitalization across European governments and the private sector, which also constitutes as a target 20% of the EU’s Recovery and Resilience Facility. INTRASOFT’s product suite in the areas of Taxation, Customs and Social Security in combination with Netcompany’s Govtech platform, tried and tested in some of the most advanced digital markets in Europe, are creating synergies that go far beyond the sum of the two and will be leveraged in emerging opportunities across Europe.
For Netcompany this signals its biggest acquisition in the company’s history, and for INTRASOFT, until recently member of the GR-based INTRACOM Holdings group, the transaction signifies a recognition of its strengths, growth, and future potential. Furthermore, the investment is expected to raise eyebrows across Europe as one of the largest in the IT sector in 2021, and certainly a positive nod to Greece’s high tech sector.
Mr. Alexandros Manos, Managing Director of INTRASOFT International commented: “This is a historical moment for INTRASOFT and it comes as a culmination of our already four year old collaboration with Netcompany for the modernization of the Danish Customs and Tax Collection Service. Our common dedication to high quality, the newest opensource technologies, agile methodology and above all, our common belief in the critical role of IT for a stronger Europe, forged between us bonds of trust and a common vision. We are now in a unique position to take advantage of the opportunities presented by the digitalization agenda in Europe, bolstered by the EU’s recovery plans in Greece and across Member States. As the synergies unfold and the potential is realized, it will become apparent that this move signals a new era of unparalleled growth. The benefits to our people and our stakeholders are the guarantee of our joint success and we look forward to jointly take this journey with them.”
About INTRASOFT International:
INTRASOFT International is a leading European IT solutions and services group with a strong international presence, offering innovative and added-value solutions of the highest quality to a wide range of international and national public and private organisations. The company employs more than 2,200 highly skilled professionals, representing over 50 different nationalities and mastering more than 30 languages. With headquarters in Luxembourg, INTRASOFT International operates through its operational branches, subsidiaries and offices in 13 countries: Belgium, Bulgaria, Cyprus, Denmark, Greece, Jordan, Kenya, Luxembourg, Romania, RSA, UK, UAE and USA. More than 500 organisations in over 70 countries worldwide (Institutions and Agencies of the European Union, National Government Organizations, Public Agencies, Financial Institutions, Telecommunication Organizations, and Private Enterprises) have chosen the company’s services and solutions to fulfil their business needs. www.intrasoft-intl.com
For INTRASOFT International
Tel. +352 44 10 12 2178 E-mail: email@example.com
Netcompany (NETC) is a pure play next generation IT services company, delivering mission-critical strategic IT solutions to various industries in the private and public sectors accelerating digital transformation through digital platforms, core systems and infrastructure services. Netcompany believe in agile, futureproof solutions, based on proven platform components that ensure full flexibility and opportunity for ongoing innovation. Netcompany was founded in 2000 and has its headquarters in Copenhagen, Denmark. Today, an international company with more than 3500 employees spanning 6 countries. www.netcompany.com