The company plans to boost the share of international revenue in the total from last year’s 24%.
“Totalsoft needed a strategic investor. We will invest more in international expansion, in [our] product,” Liviu Dragan, Totalsoft founder and chief executive officer, told ZF. He will remain CEO after the deal.
“Totalsoft is the only company in Central Europe to have developed an ERP (enterprise resource planning i.e.) software that is currently implemented in more than 35 countries. A powerful partner is welcome.”
One of the changes Totalsoft will make following the acquisition by Logo Software will be to develop the business through partners.
“The acquisition was made because of the synergy potential. We need to learn to have partners. Logo has 700 partners and tens of thousands of clients. We have a complex B2B product and are successful in the West.”
(English version by Loredana Fratila-Cristescu)