Four IT companies merge to form digital powerhouse Avenga

29 November 2019 2 min. read

Three European IT companies have teamed up with an American counterpart to form Avenga, a 2,500 strong IT consulting and services firm with hubs in 18 locations. 

“Avenga stands for global digital leadership with its roots in Europe,” says Jan Webering, the chief executive officer of the newly formed company. Webering previously led Sevenval, a German IT professional services firm with offices in Cologne, Berlin and Vienna.

Joining Sevenval in the merger are IT Kontrakt, a Polish IT and software consultancy founded in 2004 in Wrocław; Solidbrain, another Poland-based IT services player; and CoreValue, a US-based software and technology services company.Four IT companies merge to form digital powerhouse AvengaWith a team of 2,500 professionals, of which most are located in Europe, Webering says that the firm aims to established itself as a serious alternative to the established powerhouses, and ultimately “shake up the conventional IT market.” Unpacking on the ambition, Webering says; “We combine the speed, flexibility and innovative power of a start-up with the implementation expertise and delivery processes of an experienced and large provider.”

Central to its approach is an operating model built on an agile approach. “We regard centralised corporate management as obsolete,” says Webering, adding; “Avenga acts as an agile ecosystem, creating a collaborative platform where companies can find the exact expertise they are in search of for their digitalisation projects.”

The firm’s service portfolio spans a range of IT consultancy and technology services, including building apps and software products, customer experience, solution engineering, digital transformation and managed services. Key industry sectors the Cologne-headquartered firm serves are pharma & life sciences, financial services, automotive, media and real estate.

Webering: “We support our 300+ clients along the entire digital value creation chain, from strategy and user experience to the implementation of software and IT solutions including hosting and operating services. We turn our clients into digital champions transforming their industry.” 

The deal between the quartet of firms was backed by two private equity groups – Oaktree Capital Management (which already had a stake in IT Kontrakt) and Cornerstone Partners.