Announced
Financials
Tags
Majority
Private Equity
technology consulting
Acquisition
Friendly
Private
Poland
IT Services: Other
Pending
Single Bidder
Cross Border
Synopsis
Aquiline Capital Partners, a private equity firm, agreed to acquire VirtusLab, a software development company. Financial terms were not disclosed. "VirtusLab's ambition is to become the best, leading software technology company operating globally with development centers in Poland and other European countries. Our platforms and proprietary software represent leading innovations in our space and the investment from Aquiline leaves us well poised for growth amidst accelerating customer demand. Their support also comes at a crucial time when competition for talent has reached an all-time high," Rafal Pokrywka, VirtusLab Founder and CEO.
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