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RITS merges with Euvic Group!

We are pleased to announce that last week RITS Professional Services had completed its merger with Euvic Group – one of the five largest IT companies in the CEE region. This merger strengthens our position on the global IT market and, in addition to access to more projects and shared resources, gives us the know-how that will allow both the company and all our clients  to continue stable growth.

Euvic takes a minority stake in RITS, which means that the management and supervisory board of RITS remain in full control of the current owners. Thanks to the merger we gain financial resources, 100% of which will be used for capital increase, i.e. financing the company’s growth – foreign expansion, new IT and HR tools, building new departments, as well as back office, business units and regional delivery centres in neighbouring countries. All this will enable us to offer our customers an even more comprehensive and competitive service.

“We have been operating in the IT services market for over 10 years. Years of international practice and experience in many areas allow us to feel confident in our role as a recognised expert, and the working methodology developed during this time makes us effective at what we do. Joining the Euvic Group is another challenge for us, especially at such a demanding time for the IT market.” – comments Adam M. Cudny, Chairman of the Supervisory Board of RITS Professional Services.

Euvic Group is a leading Polish provider of IT services, which gives its clients access to over 5000 highly qualified and cost-effective programmers who specialize in a wide range of technologies. It provides its services to a diverse group of clients who represent many industries and sectors of the economy – from startups and small businesses to multinational corporations.

The merger with RITS is Euvic’s biggest merger since the beginning of 2020. In 2021, our company recorded 100 percent year-on-year growth, while the overall industry grew by only 7 percent. Recently, the Euvic Group has also been joined by: Edge One Solutions (Body/Team Leasing), eduLAB (Innovations), Aden (Software Development), Sirocco Mobile (Software Development), Stermedia (Software Development), Clickad (Performance), FFW Communications (Performance), eoNetworks (IT Infrastructure) and Unity Group (Commerce Transformation).

“Analysis of the data contained in the lists of the largest Polish IT companies from the last 10 years clearly shows that the market segment in which RITS operates is the most dynamically developing branch of services. So far, we have not managed to properly develop this space. With this step we are making up for the lost time. RITS with its experience in the global market and its previous effectiveness in reaching and acquiring high-class IT specialists will support us not only in activities related to staff expansion, but also in HR processes”. – comments Wojciech Wolny, CEO of Euvic.

Euvic, together with existing RITS shareholders, has formed Euvic Professional Services, which will raise the capital of RITS and ultimately take control of Edge One Solutions. In the upcoming months, the Group will focus on processes and activities to integrate, grow the US sales team and build strong competitive advantages.

About RITS Professional Services

RITS has been operating in Poland and abroad since 2004 and is one of the most dynamically developing consulting companies, providing outsourcing and IT services and optimizing enterprise operations. It is one of the leaders providing comprehensive solutions in the field of Staff Augmentation, Managed Capacity, Managed IT Services and creating dedicated software on request.

Warsaw, 30 November 2021, RITS Press Office

RITS Warszawa, Polska

ul. Wołoska 9
Platinium Building I
02-583 Warszawa, Polska

RITS Wrocław, Polska

ul. Powstańców Śląskich 7A
GTC Globis, 1 piętro
53-332 Wrocław, Polska

RITS Hanoi, Wietnam

107 Nguyen Phong Sac Street
Detech 2 Building, 9 piętro
Cau Giay District
Hanoi, Wietnam

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