CRIDO Corporate Finance advised iteo S.A. in acquiring a majority stake in Qarbon IT, a rapidly growing software house. This merger marks another step in the ongoing consolidation trend within the IT industry.
iteo S.A., founded in 2011 and headquartered in Katowice, is a software development company offering advanced IT services and digital solutions that support clients in their digital transformation journeys. Today, iteo operates across 8 offices in 3 countries and has a team of over two hundred developers and consultants. The company has completed over 280 projects for industry leaders, including InPost Group.
Qarbon IT sp. z o.o. is a fast-growing software development company that provides a significant portion of its services to international markets. Its robust growth momentum, international activity, and development potential were key factors that attracted the attention of iteo.
The majority stake acquisition aligns with iteo’s development strategy focused on growth through M&A transactions. The integration with Qarbon IT not only opens up new markets for iteo but also strengthens its technological competencies. Jakub Jodłowski, CEO of Qarbon IT, will continue to lead the company, now with the support of a larger industry partner.
“We are closely observing the ongoing consolidation in the IT sector, and our acquisition of Qarbon IT is a perfect example of executing our growth strategy through acquisitions. Qarbon IT is a well-managed company with significant potential, and we see many opportunities for collaboration and mutual support. Under the leadership of founder Jakub Jodłowski, the company will continue to grow and benefit from by having a strong partner on board. This is a key milestone in realizing our ambitious growth plans and strengthening iteo’s position in the IT market,” said Jerzy Kufel, CEO and founder of iteo S.A.
The CRIDO Corporate Finance team supported iteo S.A. throughout the entire transaction process, acting as the exclusive financial advisor. Managing Partner Artur Marszałkiewicz and his team (Monika Olak – Senior Associate, Mateusz Szyszkowski – Associate, Aleksandra Małolepsza - Associate Director) advised from the beginning of the process, including securing acquisition financing.
“We are very pleased to have supported our client in a transaction that marks an important step in their development strategy. IT market consolidation is a growing trend, and the acquisition of Qarbon IT will strengthen iteo’s market position. We see great value in this partnership and are confident it will deliver long-term benefits for both sides. This is a strong move in the right direction that will reinforce our Client’s standing in the sector,” summarized Artur Marszałkiewicz, Managing Partner of CRIDO Corporate Finance.
About CRIDO:
Founded in 2005, CRIDO is a leading Polish advisory firm. With a team of over 430 professionals, CRIDO strategically supports Polish and international entrepreneurs in developing and managing their businesses. CRIDO has provided “360-degree” advisory services in legal, tax, business, digital, and M&A transactions. The firm also helps secure funding for innovative business development through public and other available funding sources.