“This strategic investment confirms the value we bring to clients through our business and technology expertise, hard work, skills and dedication of our team,” said Mihai Tataran, CEO and founder of Avaelgo (photo).
“Avaelgo has demonstrated a remarkable ability to innovate and a profound commitment to delivering exceptional IT solutions. We believe that by joining forces we will be able to deliver even greater value to customers across multiple regions,” Juergen Cziesla, CEO of IPS, said of the transaction.
Florin Cerna (BrinkThink), strategic M&A consultant, Alexandru Lefter (Legal Proof), legal counsel, and Alina Stavaru (Radu Taracila Padurari Retevoescu SCA), partner, were involved in the transaction.
Avaelgo was founded by entrepreneur Mihai Tataran and posted revenue of RON22 million in 2022.
(English version by Loredana Fratila-Cristescu)