IT Service firms are providers of computer and internet-related consulting, design and programming services, while BPO (Business Process Outsourcing) firms sometimes provide the domain knowledge and people resources to take over non-core business processes (finance and accounting, human resources), vertical processes (mortgage processing, media animation), and knowledge-based activities (analytics, market intelligence) for their customers that prefer to not do the tasks in house.
Ness Technologies acquires Logos
Logos a.s., a Czech-based leading IT services and consulting company
Logos’ strong presence in the financial and telecom industries will complement Ness’ position in the utilities, manufacturing and public sectors.
“We are delighted to join Ness Technologies and to become the major leader in the Czech IT services market,” said Pavel Štovícek, chairman of the board of directors of Logos. “Together, we will continue in an approach based on very deep understanding of customers’ needs. Our highly skilled team of consulting and IT professionals will join Ness Czech specialists, creating large multi-disciplinary teams that will provide best-of-breed services based on our combined experience in business and technology.”
By combining offerings, the merged Ness Czech will be able to provide its clients with an even broader range of services – within the Czech IT services market itself as well as across the Central and Eastern European IT services market.
Announcement Date: October 20, 2008
Deal Value: Undisclosed
Other IT Services Transactions
Additional Corum Transactions
"We are happy. Based on their proven methodology, many years of experience, first class contacts and - last not least - their dedicated and highly professional representative, Corum identified the right partner for IQproducts and helped us in many ways to close the deal. Without Corum, I am convinced, we would never have sold our company at the valuation we finally achieved."
Founder of IT Services company IQproducts GmbH, sold to Systematics AG in a Corum Group transaction