The first stage of the acquisition took place in December 2016, when PitechPlus acquired 51% of MindMagnet.
PitechPlus estimates a turnover of EUR9.5 million this year, up 20% on the year. In 2017, the company’s turnover grew 18% and PitechPlus targets 20% growth for 2019.
In the upcoming period, the tech company plans to consolidate and increase its teams in Romania and is looking into expanding locally and internationally via partnerships. It seeks to raise the number of employees in Targu-Mures and Cluj-Napoca. It currently has 270 employees in its offices in Targu-Mures and Cluj-Napoca, of which 20 were transferred following the acquisition of MindMagnet.
Founded in 2006, PitechPlus offers integrated software solutions and digital transformation consultancy for 36 clients in eight countries and has sales teams in Belgium, Germany, France, Switzerland, UK and USA.