Munich \u2014 The TIMETOACT GROUP (\u201cTIMETOACT\u201d), a leading provi\u00adder of IT services for the upper midmar\u00adket, corpo\u00adra\u00adti\u00adons and public insti\u00adtu\u00adti\u00adons and a port\u00adfo\u00adlio company of the funds advi\u00adsed by Equis\u00adtone Part\u00adners Europe, has acqui\u00adred SWP Soft\u00adware\u00adpark GmbH, which opera\u00adtes under the Trust\u00adbit brand. The former Trust\u00adbit Mana\u00adging Direc\u00adtor J\u00f6rg Egretz\u00adber\u00adger will become Co-Mana\u00adging Direc\u00adtor of the TIMETOACT GROUP Austria as part of the merger and will become a share\u00adhol\u00adder in the TIMETOACT Group. The parties have agreed not to disc\u00adlose details of the tran\u00adsac\u00adtion. POELLATH advi\u00adsed TIMETOACT on the legal aspects of the acquisition.<\/p>\n
Trust\u00adbit, based in Vienna (Austria), is an IT consul\u00adting company for digi\u00adtal trans\u00adfor\u00adma\u00adtion and the deve\u00adlo\u00adp\u00adment of digi\u00adtal busi\u00adness models. The company supports its cross-indus\u00adtry custo\u00admer base in the busi\u00adness areas of custo\u00admer-speci\u00adfic deve\u00adlo\u00adp\u00adment of custo\u00admi\u00adzed soft\u00adware, machine lear\u00adning & data science and IT consul\u00adting. Trust\u00adbit employs around 50 people at 3 Austrian locations.<\/p>\n
TIMETOACT is a leading provi\u00adder of IT services, prima\u00adrily for medium-sized and large compa\u00adnies in the indus\u00adtrial, finan\u00adcial and service sectors as well as public sector orga\u00adniza\u00adti\u00adons. The company compri\u00adses seve\u00adral specia\u00adli\u00adzed IT compa\u00adnies at 17 loca\u00adti\u00adons in Germany, Austria and Switz\u00ader\u00adland as well as in Latvia, Malay\u00adsia, Singa\u00adpore and the USA. TIMETOACT employs over 1,250 people and has a compre\u00adhen\u00adsive port\u00adfo\u00adlio of soft\u00adware and consul\u00adting services. The acqui\u00adsi\u00adtion of Trust\u00adbit is the eighth successful acqui\u00adsi\u00adtion since the funds advi\u00adsed by Equis\u00adtone Part\u00adners Europe acqui\u00adred a majo\u00adrity stake in June 2021 and marks another important growth step for TIMETOACT.<\/p>\n
POELLATH<\/strong> advi\u00adsed TIMETOACT<\/strong> on the acqui\u00adsi\u00adtion with the follo\u00adwing Munich-based team: Munich \u2014 The TIMETOACT GROUP (\u201cTIMETOACT\u201d), a leading provi\u00adder of IT services for the upper midmar\u00adket, corpo\u00adra\u00adti\u00adons and public insti\u00adtu\u00adti\u00adons and a port\u00adfo\u00adlio company of the funds advi\u00adsed by Equis\u00adtone Part\u00adners Europe, has acqui\u00adred SWP Soft\u00adware\u00adpark GmbH, which opera\u00adtes under the Trust\u00adbit brand. The former Trust\u00adbit Mana\u00adging Direc\u00adtor J\u00f6rg Egretz\u00adber\u00adger will become Co-Mana\u00ad\u00adging Direc\u00adtor of [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":51328,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1368,1372,1377],"tags":[],"class_list":["post-51330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-consultant","category-corporate-finance-ma"],"yoast_head":"\n
\nDr. Bene\u00addikt Hohaus<\/strong>, Photo \u00a9 Poellath (Part\u00adner, Manage\u00adment Participations)
\nNemanja Burgi\u0107, LL.M. (Coun\u00adsel, Lead Part\u00adner, M&A\/Private Equity)
\nDr. Verena Sten\u00adzel (Coun\u00adsel, M&A\/Private Equity)
\nJan Lukas Jung\u00adclaus, LL.M. (Stel\u00adlen\u00adbosch) (Asso\u00adciate, Manage\u00adment Participations)<\/p>\n","protected":false},"excerpt":{"rendered":"