Aricoma acquires Luxembourg developer Neofacto, continuing westward expansion

PRAGUE and LUXEMBOURG, Sept. 6, 2024 (GLOBE NEWSWIRE) — Aricoma, a Czech leader in enterprise IT and part of the KKCG investment group, has acquired Luxembourg-based Neofacto. The company develops software for the European Investment Bank (EIB) and financial institutions in Luxembourg.

Neofacto was founded in Luxembourg in 2000. It employs around eighty people. It offers a range of software development services for financial institutions in Europe, in particular for the European Investment Bank. These include API programming and integration between applications, web design (front- and back-end, dB management), mobile application development and testing, DevOps (technical tools and training), business analysis, testing, and blockchain and AI services.

“The acquisition of Neofacto is a logical step for us. It strengthens our work for the EU institutions, including the supranational EU bodies based in Luxembourg. And of course we are pleased to welcome dozens of experienced industry professionals among us. Together we can significantly strengthen our offering to EU institutions, authorities and other clients in the Benelux and DACH region.” said Milan Sameš, CEO of Aricoma.

“As we recently announced, Aricoma has the ambition to expand into the Benelux and German-speaking markets. The acquisition of Neofacto is one of the first steps on our path to becoming a leading provider of comprehensive IT services in Western Europe” added Michal Tománek, Investment Director and Deputy Investment Director at KKCG.

“We have entered a new phase in our more than 20-year history. Not only are we becoming part of a strong European IT company, but our activities fit well into the work and strategy of the international Aricoma team based in Brussels and Luxembourg” added Ludovic Compere, CEO of Neofacto, who will continue in his role at the company.

In addition to EIB, Neofacto’s clients include Luxembourg banks ING and Spuerkeess, Luxembourg insurance company Foyer and the Luxembourg Stock Exchange. In 2023, the company generated revenues of EUR 10.3 million.

Aricoma’s international team is based in Brussels and provides services to, among others, the European Commission, FRONTEX and Europol.

About Aricoma
Aricoma offers services in the areas of IT infrastructure, cloud, enterprise applications, cybersecurity, public sector digitalization and system integration, and its portfolio also includes large projects for the European Union institutions in Brussels and Luxembourg. Sabris Consulting, Consulting 4U, KCT Data and software developers SYSCOM Software from the Czech Republic and Neofacto from Luxembourg are also part of Aricoma. Aricoma is part of the technology pillar of the KKCG investment group, employs more than 1,600 professionals and has revenues of EUR 400 million. For more information, visit www.aricoma.com.

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Contact:
Michal Malysa
Head of Brand and Communications
Aricoma
[email protected]
+420 775 70 80 86