IT Kontrakt
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IT Kontrakt - overview
Established
2004
Location
Wroclaw, -, Poland
Primary Industry
Outsourcing
About
IT Kontrakt, based in Wroclaw, Poland, specializes in providing IT services, including software development and IT consulting, effectively addressing the technological needs of businesses across various sectors. IT Kontrakt is a technology services provider focusing on IT solutions. The company was founded in 2004 in Wroclaw, Poland. It has successfully engaged in 2 deals, with its most recent transaction occurring on December 15, 2023, during a SECONDARY BUYOUT round that raised PLN 146.
90 mn from Cornerstone Investment Management, Griffin Capital Partners, and Oaktree Capital Management, bringing the total amount raised to PLN 146. 90 mn. IT Kontrakt offers a comprehensive range of technology solutions, including custom software development, IT consulting, and staffing services. Their custom software development caters to specific operational requirements, while IT consulting provides expert guidance to enhance business processes.
These services are utilized across diverse sectors, including finance, healthcare, and telecommunications, serving large enterprises aiming to improve efficiency and operational performance. The company operates on a business-to-business (B2B) revenue model, primarily through contracts with clients for software development and consulting services. Revenue is generated from fixed-price contracts and time-and-materials agreements, complemented by ongoing service agreements. This approach ensures a steady inflow of revenue, primarily through sustained client relationships and repeat projects.
Looking ahead, IT Kontrakt plans to expand its service offerings and enter new markets. The company is currently focused on developing innovative software products to enhance client engagements and efficiency. Recent funding will be strategically utilized to support these product launches and facilitate expansion into new regions, aiming for growth in European and North American markets by 2024. Additionally, in December 2023, KKCG agreed to acquire Avenga Germany GmbH from Oaktree Capital Management and Cornerstone Partners, a strategic move intended to bolster their market position.
Current Investors
Oaktree Capital Management, Cornerstone Investment Management
Primary Industry
Outsourcing
Sub Industries
Recruitment/Executive Search, Human Resources Services, Offshore IT Services/IT Outsourcing
Website
www.itkontrakt.pl
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
IT Kontrakt - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | IT Kontrakt | - | ||||||||
| Add-on, Trade Sale | Completed | Sevenval Technologies GmbH | - | ||||||||
| Add-on, Trade Sale | Completed | Core Value Inc. | - | ||||||||
| Add-on | Completed | Solidbrain Sp. z o.o. | - | ||||||||
| Secondary Buyout | Completed | IT Kontrakt | - |
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IT Kontrakt - employee data
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