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.

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Categories: IT
Companies: Sopra Steria
Countries: Germany
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