ScaleFocus Boosts Multi-Channel UX Portfolio with the Acquisition of Upnetix
ScaleFocus, a professional technology services, software engineering and digital transformation company has acquired 100% of the Sofia-based privately held Upnetix, one of the 50 world-wide certified Google-development agencies specialized in mobile engineering, front-end development and design-driven digital transformation.
Plamen Tsekov, CEO of ScaleFocus comments on the rationale behind the strategic fit:
“Together with the Upnetix team, ScaleFocus will strengthen its capacity and technical skills in mobile engineering and front-end, design-driven digital transformation. We are excited to welcome in the ScaleFocus family a team that shares the same values and passion for innovation, customer success and talent development. With a combined team of over 600 technology professionals, ScaleFocus will accelerate its plans to become one of the most significant EU-based digital transformation companies, providing end-to-end consultancy, effective execution and innovation for its customers, backed-up by exceptional technical talent and leadership.We see a great opportunity to enhance the value that we deliver to customers and accelerate our growth through a strong operational culture and leadership synergies.”
Radoslav Gaydarski, CEO of Upnetix, comments on how people and customers will benefit and what synergies are expected:
“We at Upnetix are proud and excited to join ScaleFocus and bring our amazing team and competences to the family. In the past years ScaleFocus and Upnetix have been closely partnering to deliver technology of highest quality. Having in mind our almost identical core values and mission, bringing Upnetix under the ScaleFocus umbrella was a logical next step for both companies. I am convinced that this is a classical scenario of win-win situation, where clients of Upnetix and ScaleFocus will benefit from our newly extended offerings in both products and services, while our teams will be able to tap in additional skillset and bring the value added to a whole new level. Being able to utilize the synergies offered by this acquisition, Upnetix will be enabled to achieve even higher growth rates, expand our client reach well ahead of even our most aggressive forecasts and remain focused on our core competencies. To put it in simple words – we are excited to be here today!”
ScaleFocus is a privately held joint-stock-company, founded 2012 in Sofia Bulgaria, with offices in London, Munich, Zurich, Washington DC, Plovdiv, Burgas and about to open one in Varna in October, specialized in advanced software engineering and secure digital transformation through automation, cloud enablement and legacy system modernization. The company services medium and large-scale enterprise customers across North America and Western Europe, with full-time staff of 500+ people as of September 2018.
Upnetix is a privately held JSC, with numerous awards from institutions like Forbes and GSA, being named as the most dynamically growing company in the software and outsourcing sector in Bulgaria for 2017 and 2018 by ICT Top 100 rank list, in 2017 Upnetix became the first and only company in SEE to become a certified Google Developer Agency. Currently having an engineering staff of 120 professionals, Upnetix already was one of the top custom software development providers in Bulgaria and the most influential native mobile and front-end design-driven transformation house.