Dortmund/Sofia (Bulgaria), October 28, 2024. Dataciders Group acquires Bulgaria-based IT service provider ROITI. ROITI offers end-to-end consulting services in the field of Data and Artificial Intelligence (Data & AI) with a special focus on Energy Trading & Risk Management (ETRM) systems.
The acquisition will help Dataciders to further expand its customer base in the energy & utilities market in the DACH region and strengthen its position in ETRM. ROITI brings an experienced team of more than 90 consultants and developers, mainly serving large customers in Europe, especially in Germany and Switzerland. Through its in-depth expertise with the two ETRM platforms Endur and Molecule, ROITI also expands Dataciders' existing technology portfolio, particularly in the area of ETRM.
"ROITI's impressive development from a small team with deep domain expertise to a leading service provider in the energy trading sector demonstrates not only the company's successful growth, but also the increasing demand for innovative data & AI solutions in the energy sector. The acquisition underscores our commitment to meeting the changing needs of the market and providing customized solutions that help our customers increase their efficiency and remain competitive. At the same time, this growth path strengthens our position as a leading provider in the field of Data & AI in an increasingly data-driven environment," says Dr. Gero Presser, CEO of the Dataciders Group.
Buy-and-build strategy from Rivean Capital
Matthias Wilcken, Senior Partner at Rivean Capital, explains: "The acquisition of ROITI is a further logical step in the buy-and-build strategy for Dataciders. This acquisition strengthens Dataciders' end-customer diversification and further drives the internationalization strategy by expanding the customer base, especially in Switzerland. We look forward to capitalizing on further growth opportunities in this dynamic market."
Strengthening market presence
With the acquisition of ROITI, Dataciders is expanding its presence in the energy & utilities sector, a market characterized by significant growth and increasing demands on energy trading systems. ROITI's strong network, especially in Germany and Switzerland, complements Dataciders' international growth strategy in the DACH region. ROITI is headquartered in the Bulgarian capital Sofia, also home to Dataciders Catenate BG.
Ventsislav Topuzov, Managing Partner of ROITI, emphasizes: "The merger with Dataciders offers us three key opportunities: access to new and larger clients, access to new competencies and more opportunities to scale our business. We can realize these goals in the company of like-minded people with different backgrounds and experiences, which allows us to challenge each other and become better together."
-
Media contact Dataciders:
Carmen Radeck
Corporate Communications
E-Mail: carmen.radeck@dataciders.com
Phone: +49 231 533 831 169
