Stratulat Albulescu advises PitechPlus in relation to the acquisition of a majority shareholding in PitechPlus by Webhelp SAS
Stratulat Albulescu Attorneys at Law has advised PitechPlus, a consulting group that offers a wide range of services that cover IT&C software development and business know-how, specialized in the design, development and deployment of custom software solutions, with clients from all over the world, in the sale of the majority stake held by its founder, Bogdan Herea-Buzatu, to Webhelp SAS.
Founded in 2006, PitechPlus offers integrated software solutions and digital transformation consulting for 36 customers across 8 countries. With over 270 employees in their offices from Cluj-Napoca and Targu Mures in Romania and customers in France, Switzerland, Germany, UK, the US and Benelux, PitechPlus ensures global presence to help grow customers’ businesses.
As a full lifecycle software development company, PitechPlus offers a wide range of software development solutions, as well as application management services and intelligent automation for its clients. Over the past 13 years of activity, PitechPlus has worked on more than one thousand software development projects with clients across a wide range of industries, including mobility, automotive, retail, entertainment, governmental, hospitality, HR and education.
With a track record of continuous growth, PitechPlus is aiming to achieve a turnover of € 11 million in 2019 at 20% growth YoY, keeping the same profitability as per 2018.
Webhelp is the European leader in their industry, with a revenue of €1,4B in 2018 and more than 50,000 experts in more than 140 locations in 36 countries. The company is owned by KKR, a global investment company, alongside its founders and management team. Webhelp is currently in the final stages of a transaction with GBL as a new investment partner, stepping in for KKR, and expects to announce the closing of that deal before the end of the year, after obtaining the regulatory authorizations required.
This acquisition of the shareholding in PitechPlus reflects the Webhelp group's strategy to strengthen its technological services to support its clients in the implementation of their digital transformation by offering them tailor-made solutions combining customer relationship management, artificial intelligence and automation.
The Stratulat Albulescu team was led by Managing Partner Silviu Stratulat together with Managing Associate Cristina Man, with the support of Senior Associate, Sandra Frunzulica.