Servicing existing customers and new geographies with broader services portfolio, including SAP and Microsoft consulting
San Diego-based Objectiva Software Solutions, Inc. joins Munich-based international technology group Allgeier SE. Today, Allgeier SE and Objectiva Software Solutions signed a definitive agreement in which Allgeier acquires 100 percent of the shares of Objectiva.
Objectiva will continue to be run independently but will collaborate closely with the Allgeier Group companies to expand its presence in Europe and to extend its software services and solutions portfolio. With this acquisition, Allgeier will strengthen its international software development business segment with a large footprint in China and will continue to expand its presence and network in the US market.
“This acquisition will benefit our existing customers who want to expand their relationship with us in Europe and other markets. With Allgeier we have found a strong global partner for the further strategic development of Objectiva. Allgeier’s global reach provides us with very promising opportunities for expansion and rapid growth,” said Nasser Barghouti, founder and CEO of Objectiva Software Solutions. “Together, we will have a much wider geographical coverage, excellent market and customer access, a broader and deeper skill set, and a much larger reference base. We will also be able to offer additional services to our clients, including consulting and specialized knowledge in SAP and Microsoft platforms.”
“We are very pleased to have won Objectiva as an outstanding partner to drive the joint growth of our software solutions business. We are convinced that both parties will benefit sustainably from this step,” added Carl Georg Dürschmidt, CEO of Allgeier SE. “Objectiva’s expertise strengthens our competence, agility and scalability in software development as well as in cross-platform technology implementation for large customers.”
The purchase agreement is expected to be executed before the end of this month.