Timetoact Group, a Cologne, Germany-based provider of IT services for medium-sized businesses, corporations and public institutions, is acquiring Trustbit, an Austrian consulting firm focused on digital transformation and the development of digital business models.
The amount of the deal was not disclosed. The merger of Trustbit with Timetoact Austria – together with the other companies of Timetoact Group – will create a digitalisation player in Austria. Jörg Egretzberger, Trustbit’s CEO, will become the Co-Managing Director of Timetoact Group Austria and a shareholder in Timetoact Group. Timetoact Group comprises specialised IT companies across 17 locations in Germany, Austria and Switzerland, as well as in Latvia, Malaysia, Singapore and the USA. With over 1,250 employees and a comprehensive portfolio of software and consulting services, the digitalisation expert primarily concentrates on medium-sized and large companies from the industrial, financial and service sectors, as well as public institutions.SWP Softwarepark is present on the market under the Trustbit brand. Founded in 2007, Trustbit is a Vienna-headquartered IT consulting company with around 50 employees. The company supports clients from a variety of sectors with customer-driven software solutions, machine learning & data science, as well as IT consulting. 22/02/2024
