HTEC Group, a San Francisco, CA-based consulting, software engineering and digital product development company, acquired Mistral Technologies, a Sarajevo, Bosnia and Herzegovina-based software development company.
The amount of the deal was not disclosed.
With the acquisition, HTEC Group will provide an extended service offering to their clients, additional technology and product design capabilities, and will in the long-term secure stability and growth for both clients and employees.
Led by CEO Mersed Camdzic, Mistral Technologies is a software development company working on over 30 global, long-term projects with partners from the United States and Western Europe. Mistral’s 300+ professional team provides software to companies ranging from Fortune 500 enterprises to startups in a variety of industries, including entertainment, telecommunications, healthcare, fintech, banking, retail, transportation, energy, and insurance.
Led by CEO Aleksandar Cabrilo, HTEC Group is a consulting, software engineering and digital product development company that provides companies, startups, corporations, and Fortune 500 enterprises with digital product development, from strategy and conceptualization to digital product design and agile engineering on scale. HTEC delivers digital products and platforms across domains including Healthcare, Retail, Transportation and Mobility, Logistics, FinTech, Green Energy, Media and Deep Technology. Globally, the company team has grown to more than 2,000 employees, with development centers across Southeast Europe — where the company operates in six countries — with creative and consulting offices located in the Silicon Valley, London, New York, Minneapolis, Amsterdam, Stockholm and Gothenburg. Bolstered by the recent $140M investment from Brighton Park Capital, HTEC continues to further scale and expand its capacities through a mix of strategic acquisitions and organic growth.
FinSMEs
06/09/2022
