Qualitance signs purchase agreement with ALTEN Group

  • September 29, 2022
  • Future Banking
  • 3 min read

Qualitance, the international technology and innovation company founded in Romania, has signed an acquisition agreement with ALTEN, according to which the international technology and innovation consulting and services group, operating in 30 countries, has committed to acquire the company founded 15 years ago by Radu Constantinescu and Ioan Iacob.

Qualitance, which prides on a team of 220 tech experts, creates digital products and businesses for large organizations and startups, using experience design, rapid prototyping, behavioral psychology, product strategy and emerging technologies. Having built its own formula to accelerate and scale up the design and development of digital solutions, the company has rapidly expanded in international markets, acquiring solid proven experience in industries that prioritize digital transformation. Qualitance is present on three continents – Europe, North America, Australia and has worked with some of the largest companies in the world, such as News Corp, Virgin, IKEA, Johnson & Johnson. In the last four years, the team has leveraged across the Romanian market the experience gained in international partnerships, accelerating the digital transformation of banking services for BCR, Banca Transilvania and Raiffeisen Bank, but also in the field of insurance or utilities and energy, together with OMV Petrom.

ALTEN, a technology and innovation consultancy and services group founded in France in 1988, has an international team of over 45,000 employees, 90% of whom are engineers. The group, which develops digital transformation projects on multiple business verticals for top companies in aeronautics, defense, security, automotive, energy, financial, retail, telecommunications etc., had a consolidated turnover of 2.925 billion euros in 2021. ALTEN Group is also present in Romania through two entities – ALTEN SI-Techno Romania and ALTEN Delivery Center – with over 1.000 employees, obtaining distinctions for working conditions, programs and initiatives for their career developments.

“We are impressed by the value that qualitance is bringing to the ALTEN group, strongly proven by their deep understanding of technology and of the end-to-end development of digital solutions, experiences and businesses, by the talent and agility of the team, as well as by their consistent success in local and international digital transformation projects. Sharing a common vision with regard to the impact and evolution of technology in business and society, we are all the more confident that together we will be able to help even more organizations across Central and Eastern Europe to design and implement their digital transformation strategies fast and in a sustainable manner,” states Axel Girardetti, Central & Eastern Europe Director, ALTEN Group.

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