Berlin, December 16, 2019 - Beta Systems Software AG has acquired a majority stake (80%) in infinIT Codelab Poland via a subsidiary. With this acquisition Beta Systems significantly expands its software development capacities and expands its portfolio in high-growth market segments in the non-mainframe area.
Beta Systems receives valuable additional development resources in times of an increasing shortage of skilled workers. infinIT Codelab is a software development service provider with around 200 employees in the competence centers Szczecin and Wroclaw. With their extensive experience and professional competence, the highly qualified employees can support and accelerate the expansion and further development of the existing Beta Systems product portfolio in the areas of network, cloud, artificial intelligence/machine learning.
With this future-oriented investment, Beta Systems has acquired state-of-the-art technology know-how in areas that are gaining importance in the digital economy. The technological competence lies in the development of embedded software systems, IoT solutions, connectivity and web portals for companies in the automotive, telecommunications, eCommerce and medical technology industries.
The infinIT Codelab is characterized by many years of expertise in the development of software solutions for the automotive industry. The company is one of the world's leading automotive suppliers. The 2019 study "Automotive software and electronics 2030" by strategy consulting firm McKinsey predicts dynamic growth for automotive software of 9% CAGR by 2030.
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About Beta Systems Software AG
Beta Systems Software Aktiengesellschaft (BSS, ISIN DE000A2BPP88) has been supporting companies with complex IT system landscapes and sophisticated IT processes in the areas of financial services, manufacturing, trade and IT services for more than 35 years. Rising transaction volumes, data volumes, compliance standards and the increasing complexity of IT networks place the highest demands on throughput, availability, traceability and security of the software products and solutions used. Beta Systems' portfolio is used here for the automation, documentation, analysis and monitoring of IT processes in data centers, access control, monitoring of IT infrastructure and security as well as the control of IT services.
Beta Systems was founded in 1983, is listed in the Scale segment of Deutsche Börse and employs around 660 people throughout the Group. The company is headquartered in Berlin - other important development locations can be found in Cologne, Munich and Neustadt (Weinstrasse). Beta Systems is active nationally and internationally with more than 20 of its own group companies and numerous partner companies. More than 1,000 companies worldwide use products and solutions from the Beta Systems Group, one of the leading medium-sized and independent software providers in Europe.
Beta Systems Software AG
Thomas gr. Osterhues
Old Moabit 90d
Phone: +49 (0)30 726 118-0
Fax: +49 (0)30 726 118-850