BrazilXebia closes largest acquisition in 20-year history: PGS Software
Xebia has closed its largest acquisition in history, with the purchase of PGS Software – a Polish software house and cloud expert with more than 800 professionals.
Founded in 2005, PGS Software is one of the largest Polish-origin largest IT companies (revenue: €35+ million), with further offices in Germany and the United Kingdom. Since its inception, the company has delivered over 2,800 projects for clients like Trust Payments, Giacom and Omio.
The addition of PGS Software complements Xebia’s technology suite, with a focus on cloud services – the Wroclaw-headquartered firm is a certified partner of AWS, Microsoft and Google. According to Wojtek Gurgul, the CEO of PGS Software, over nine out of ten of its projects in its current portfolio are cloud-related.
The bolt-on also adds a nearshoring business model to Xebia’s portfolio. Anand Sahay, CEO at Xebia: “Xebia aims to become an authority across all digital domains. With PGS Software’s many years of experience, know-how, and extensive network, we can now provide our clients with nearshore offerings in Poland and mixed shore models.”
Following closing, Xebia will have 3,100 employees across fourteen countries, and its group revenue will near the €200 million barrier. "We are pleased to partner with PGS Software to enhance our reach and ability to serve our customers globally,” said Sahay. Andrew de la Haije, CEO at Xebia, added: “This is a transformational step for Xebia.”
PGS Software will continue to operate under its own brand (the tagline ‘Proudly part of Xebia’ will be added to its logo), with CEO Gurgul to become a member of Xebia’s global leadership team.
Netherlands-headquartered Xebia, which this year celebrates its 20-year anniversary, works for clients such as Disney, Ahold Delhaize, Tesco, Philips and ING bank. The firm is an end-to-end player in the digital transformation realm, serving clients with high-end consulting services through to technology development and managed services.
The deal is Xebia’s fifth this year. Earlier deals included the acquisitions of G-company (70 employees) and Oblivion (40 experts) in the Netherlands, Appcino (150 professionals) in India, and CoMakeIT (250 professionals) internationally.
