IT services provider Cegeka has acquired a majority stake in Solver, a Swedish consulting firm specializing in data science and business intelligence.
The operation sees a team of around 25 employees join the Belgian IT services group. Cegeka already had a small presence in Sweden and is now adding offices in Stockholm, Gälve and Falun to its existing hub in Linköping.
“Solver has been an established player in the Swedish business intelligence and data engineering market for over 15 years,” said Kristel Demotte, Global Vice President Data Solutions at Cegeka.
With Solver on board, Cegeka will be able to accelerate its growth in Scandinavia, which Demotte describes as a market with “great growth potential”. He added: “Now more than ever, companies are looking for advice from experts with experience in data and artificial intelligence.”
The main reason for this booming demand: the rapid rise of data-driven work. “Data is the most valuable asset an organization can have in today’s business environment,” said Demotte. “Companies whose thoughts and actions are driven by data have an advantage over the competition – they can offer their customers a more individual and efficient service and can generate new revenues and optimize operational costs.”
Solver meets the data science needs of clients with a range of services, including the development of more advanced artificial intelligence/machine learning algorithms and models, the construction of data warehouses, the development of solutions business intelligence and the creation of dashboards. The company specializes in the Microsoft Stack and is a Microsoft Gold Partner for Data Analytics.
At the same time, Cegeka will also seek to “export” Solver’s expertise to other markets in which it is active (Cegeka has more than 5,000 employees in more than 10 European countries). Demotte: “Solver has a lot of data experience to build on.”
Denis van Nunen, CEO of Cegeka in Sweden, added that when it comes to data and artificial intelligence, Sweden is considered a forerunner in the field. “The market is mature and as a result, the Swedes are leading the pack in data science. For Cegeka, this foundation provides the perfect platform to further grow and professionalize our business line. DataSolutions.
Cegeka was founded in 1988 as an IT company for mining in Belgium. Fast forward three decades and the company ranks among Europe’s largest national IT services groups – while still being a family business (investor Gimv owns around 24% of the shares).
In November last year, Cegeka acquired Rime IT in Luxembourg and SecurIT in the Netherlands.