0
IT

Sopra Steria to purchase Germany's IT-economics

Tuesday 15 May 2018 | 12:17 CET | News
IT services group Sopra Steria announced plans to acquire German IT consulting firm IT-economics. The transaction should strengthen Sopra Steria’s position in the German market by increasing its end-to-end consulting and software development capacities and strengthening its relations with the group’s key accounts, it said. The acquisition remains subject to customary closing conditions, while Sopra Steria said it could consolidate IT-economics in the second half of 2018 if the transaction is completed successfully.

IT-economics was founded in 2003 and generated revenues of EUR 20 million and double-digit growth in 2017, said Sopra Steria. IT-economics specializes in digital transformation, agile development, cloud services and the management of large-scale enterprise IT projects for clients in the banking, insurance and utilities industries.



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT
Companies: Sopra Steria
Countries: Germany
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Sopra Steria posts 3.8% organic revenue growth in Q1

Published 26 Apr 2018 11:24 CET | World
IT services group Sopra Steria reported revenues of EUR 991.8 million for the three months to March, representing a year-on-year ...

Sopra Steria wins contract to take over Oslo city council IT

Published 22 Mar 2018 14:45 CET | Norway
IT services group Sopra Steria said it has won a contract from Oslo city council to modernise the its IT operations platform.The ...

Sopra Steria's revenues up 5.3% organically in Q4

Published 19 Feb 2018 10:18 CET | World
IT services group Sopra Steria reported revenues of EUR 1.05 billion for the three months to December, up 5.3 percent organically ...

Steria looks to cut 220 UK public sector IT jobs - report

Published 16 Jan 2018 09:43 CET | United Kingdom
French IT services company Sopra Steria is looking to cut 220 jobs from its UK government business as part of a strategic review, ...

Sopra Steria to acquire German IT services rival Bluecarat

Published 09 Jan 2018 09:00 CET | Germany
French IT services group Sopra Steria announced plans to acquire Bluecarat, a German-based IT services firm focusing on IT ...

Sopra Steria teams up with IOTA on blockchain project

Published 10 Nov 2017 11:01 CET | World
German non-profit foundation IOTA will provide its knowledge of blockchain to Sopra Steria, as part of a collaboration aiming to ...

Sopra Steria expands in banking sector with Galitt takeover

Published 01 Sep 2017 11:03 CET | France
French IT services provider Sopra Steria announced an agreement to acquire Galitt, a specialist in payment systems. Sopra Steria ...

Sopra Steria finalises acquisition of Swedish consultancy Kentor

Published 31 Aug 2017 14:34 CET | Sweden
French IT services group Sopra Steria confirmed it acquired 100 percent of the share capital of Kentor from Norwegian group ...

Sopra Steria Q2 sales drop 1.7% on UK currency weakness

Published 28 Jul 2017 11:08 CET | France
IT services group Sopra Steria reported a 1.7 percent decline in sales to EUR 949.5 million in the second quarter from a year ...

Sopra Steria plans to buy Swedish consultancy firm Kentor

Published 27 Jun 2017 09:44 CET | Sweden
French IT services group Sopra Steria plans to acquire 100 percent of the share capital of Kentor, a Swedish company specialising ...

Sopra Steria offers Expert System's text analytics software

Published 08 Jun 2017 11:14 CET | World
Sopra Steria has signed a partnership with Expert System, an Artificial Intelligence (AI) specialist which offers semantic ...

Sopra Banking Software, Axway work on Open Banking platform

Published 10 May 2017 17:58 CET | World
Sopra Steria's subsidiary Sopra Banking Software and Axway, in which Sopra Steria has a minority stake, have teamed up to create ...

Sopra Steria reports 4.8% organic revenue growth in Q1

Published 27 Apr 2017 11:30 CET | World
French IT services group Sopra Steria reported revenue of EUR 954 million in the first quarter, representing an organic growth ...





+2.3%
Free adds customers
France  |  2017 Q4