Entersoft S.A. acquires Cardisoft S.A. and enters IT Public Sector Projects
Entersoft S.A. announced the complete acquisition of Cardisoft S.A.’s shares, in implementation of its BoD approval of December 10, 2012.
Cardisoft S.A. specializes in information systems for Educational Institutions, Contact Centers and Voice Portals with great success and participates in IT projects for the private and public sector.
Its clientele include the largest Educational Institutions of Greece such as Aristotle University, Athens University of Economics, Democritus University, Pantion University, the Universities of Crete, Ioannina, Piraeus, Aegean, Peloponnese, Thessaly and a large number of Technical Educational Institutions of the country. Furthermore, Cardisoft currently implements projects at the Universities of Albania and Belarus and has strong potential to expand in more countries and educational institutions in the region. Moreover, Cardisoft has implemented significant Call Center and Voice Portal projects, for Piraeus Bank, ATE Bank, Emporiki Bank a Credit Agricole group member, Diethniki Asset Management a National Bank of Greece group member, Hellenic Statistical Authority, Shell and more.
This acquisition empowers Entersoft to enter the IT Public Sector market and participate dynamically in the NSRF projects, providing additional growth potential for the company in the coming years. Additionally, enhances the ability to expand in the specialized market of Educational Institutions in Central and Eastern Europe, leveraging Entersoft’s investments in these markets. The acquisition will not really affect the company’s revenues for 2012 however it will substantially improve the Group’s results in 2013.
Mr. Antonis Kotzamanidis, CEO at Entersoft S.A., stated: “We welcome Cardisoft and its people at the constantly expanding Entersoft Group. The Group’s farsighted policy all these years, allows Entersoft to exploit opportunities for continued growth in new segments both in Greece and abroad. Cardisoft’s products and its experts will expand our business spectrum in the public sector market as well as in the Educational Institutions vertical in Central and Eastern Europe. Moreover, Voice Portals and Contact Centers applications will create important synergies with our current products for customers in the private sector as well. We are excited about the perspectives of this investment which we believe will contribute improved group results in 2013.”
