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20/05/2022
Digital Mind, business process digitalization specialist for large and mid-sized organizations in Baltic states is taking over Alna Business group, leading ERP solution provider in Lithuania and Poland, allowing Digital Mind to significantly extend its content and process automation product portfolio by adding software solutions for ERP and Financial Management, thus becoming a one-stop-shop provider of critical business applications for clients in private and public sectors in 3 Baltic countries and Poland.
Alna Business group has been implementing and maintaining ERP solutions for more than two decades. Today the company prides itself in being renowned as Microsoft Dynamics and SAP experts with a dedicated team of more than 100 certified world-class professionals with over 700 ERP projects delivered to clients in 20 countries.
The acquisition is an asset for both parties, Darius Bužinskas, CEO of Alna Business group, "This is a big move for the Alna Business group of companies in terms of market reach and new possibilities, but it is also a rather comfortable shift for our team which will get new tools and capabilities while carrying-on with our usual core business operations. Our ERP experience clicks finely into the set of highly professional services provided by Digital Mind, and we are looking forward to moving in sync and building upon each other. Moreover, the deal brings us additional potential for further expansion in Poland and other countries in Central Europe”.
Rinalds Sluckis, CEO of Digital Mind commented: “We believe that due to increasing labor shortage and market disruptions, organizations in our region would intensify implementation of intelligent technology solutions to support their sustainable business practices and resilience to rapidly changing environment. Our strategy is to offer integrated products and services that support all of the organization’s critical business functions, and strong ERP competence was missing in our portfolio. We are truly impressed by the competence, customer loyalty and service quality Alna Business group's team has formed in more than 20 years of their operations, and we strongly believe that similarities in both companies’ values and growth ambitions will form a solid foundation for becoming a Baltic champion in enterprise business application solutions”.
The acquisition was financed with credit provided by BPM Capital and Digital Mind’s own cash.
BIC Securities acted as an exclusive financial adviser to Digital Mind during the entire acquisition and capital raising process.
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