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Asseco Group Extends its busines to Georgia

Acquisition of a majority stake in Georgia-based IT company marks the beginning of Asseco’s expansion in the region.

Acquisition of a majority stake in Georgia-based IT company marks the beginning of Asseco’s expansion in the region.

Asseco Poland S.A. consistently pursues its development strategy which aims to build a global information technology company specializing in software development and provision of highly advanced IT services. As far as acquisition-driven expansion is concerned, the company focuses on emerging markets that are characterized by high economic growth and increasing demand for IT technologies.  This week, Asseco has successfully completed the acquisition of the Georgian company Onyx Consulting.

Onyx Consulting was founded in 2008. It is a provider of consulting and system implementation services for the banking and insurance industry companies as well as for the public administration. The company’s operations are well diversified and include competence in software development, offering of proprietary ERP and CRM systems, solutions for insurance companies, software for schools and stores, as well as consulting services and implementation of third party products. Onyx Consulting is one of the largest consulting firms in the Georgian IT market. 


“We have been convinced to make an investment in Georgia owing to its government policy, which gives priority to the development of local competencies in new technologies. The combination of over 20 years of experience and expertise of Asseco with the knowledge of local business environment provides a solid base to take a leading position in the IT market of both Georgia and the entire region,” said Adam Góral, CEO of Asseco Poland.

 

“Asseco is the first global IT company to enter the Georgian market. For our country, this means additional investments and access to innovative technologies. Our goal is to build a leading IT company to serve public and private sector clients, both in Georgia and in the region. By cooperating with Asseco Group, we will further develop our expertise in the area of IT technologies as well as in the implementation of large and complex IT projects,” commented David Bazierashvili, CEO of Asseco Georgia.


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