Neos, a company specialized in technologically advanced IT solutions, and SV Group, a company specialized in software development and implementation, are strengthening their joint market position through a stronger corporate alliance, as stated in a press release. They have introduced an IT group with more than 130 employees, mostly highly educated software engineers, with revenue last year amounting to 114 million kuna and 20 million kuna in EBITDA.
– Consolidation in the Croatian IT industry is, according to our strategic assessments, inevitable, especially for companies like Neos that have the ambition to become key players in the broader region. I am confident that the joint performance of Neos and SV Group will have a synergistic effect, where our expertise in software engineering, data analytics, machine learning, and especially the rapidly growing area of cloud infrastructure will be consolidated and strengthened. At this moment, we are considering possible options for acquisitions, even beyond the borders of Croatia, specifically in Slovenia – said Davorin Capan, member of the Management Board and CEO of Neos.
The synergy of Neos’s status as a leading Oracle partner in the region and SV Group as the first IBM Platinum Business Partner in Croatia, along with their combined expertise and competencies, brings stability and profit to clients from the financial sector, insurance, telecommunications, and the public sector.
– By consolidating offerings and integrating services, we will become an important factor in the regional cloud services market. Firmly anchored in two global platforms, Oracle and IBM, we will become an indispensable player in the cloud ecosystem and enable a smooth and efficient cloud journey for companies in the regional market and beyond – concluded Davorin Capan.
