atSistemas, a Spanish digital services consultancy, announces the acquisition of the Scottish-based New Verve Consulting, which specialises in Atlassian products. The purchase of the company doubles its UK offices, reinforces atSistemas commitment to the British market, and represents the latest step in the Spanish technological company’s international expansion programme, which in the last few years has seen offices open in the United States, United Kingdom, Italy, and Portugal, as well as a development center in Uruguay.
With this acquisition, the company seeks to continue growing, having closed 2021 with a turnover of 97.3 million euros – a 23% year-on-year increase.
“With the acquisition of New Verve Consulting we have significantly strengthened our commitment to becoming a global partner of the Atlassian ecosystem, as well as further positioning our company in the UK market, both of which are main priorities in our global strategy. This is also the first step in the inorganic growth initiative defined in our current 2021-2024 strategic plan. We are confident that the numerous synergies between New Verve Consulting and atSistemas will allow us to offer the maximum value to our customers and the greatest possibilities of joint growth for our professionals.” says José Manuel Rufino Fernández, Co-wner and CEO of atSistemas.
The objective of the acquisition is to accelerate the growth of atSistemas in the UK, the European market with the highest volume of businesses in the IT sector, followed by Germany and France. This is in parallel with the company’s organic expansion plan which focuses on taking advantage of the opportunities and emerging trends in the sector. atSistemas will incorporate New Verve’s service portfolio, expanding its offer and covering the demands from UK-based companies.
The New Verve Consulting team is a specialist in Atlassian software and is the only channel partner in Scotland. Alongside this core business focus, the company has been expanding its solution portfolio with the development of proprietary products such as Crumbs, a customer management solution for Jira. With this purchase, atSistemas increases its international presence by offering local expertise and support. This also follows its entry in the UK earlier this year with the opening of atSistemas’ first office in London.
“I would like to welcome all the great professionals that make up New Verve Consulting. With you, we will achieve a new boost in our “at family” and the positioning we have been pursuing for some time in the UK. In addition, with our union, we will reach a greater number of clients in both geographies, increasing our capabilities to lead large projects and offering better opportunities to our employees. With the acquisition of New Verve, atSistemas takes an important step in the relationship with our customers in the UK, incorporating local services from the Atlassian ecosystem.” says Miguel Ángel Sacristán Salvador, Co-Owner & CSO of atSistemas.
Nigel Rochford, Founder of New Verve Consulting, adds“It’s fantastic to see New Verve Consulting become part of the atSistemas group. Since starting the company in 2011, New Verve Consulting has evolved a huge deal and I’m immensely proud to see all of our hard work realised with this acquisition. On a personal note, I’ve loved every moment of the journey so far and am incredibly lucky to have worked with and learned from so many talented people over the years. As an entrepreneur, I’m delighted to reach this milestone with a company as successful as atSistemas acquiring the organisation that our team has worked so hard to build. The team at New Verve Consulting are its greatest asset and I can’t wait to see them prosper as part of this group.“
IPO
In line with its three-year strategic plan, atSistemas plans to tentatively join the BME Growth market by the end of 2022, with Renta 4 and Cuatrecasas as registered advisor and legal advisor respectively. Access to the capital markets through the incorporation to BME Growth is being carried out through a listing procedure, and is mainly aimed at atSistemas employees who have a discount on the share price and are given priority in the shares acquisition.
