2008 – VT-Soft Kft. – HU

MP Corporate Finance advised the Polish Teta SA as the exclusive transaction consultant in acquiring a 86% share in the Hungarian VT-Soft Kft.

For Teta, the Polish market leader for personal software and IT services, this acquisition constitutes the first step towards international expansion. With the acquisition, Teta will be gaining further extensive experience and competence for public sector tenders in Eastern Europe.

VT-Soft Kft. (GmbH) is a Hungarian supplier of personal data processing software. The company develops software in the area of human resource management -systems, financial management for public bodies, HR outsourcing and IT security applications.

The listed TETA was founded in 1987 and is one of the biggest corporate software developers in Poland with approximately 300 employees. The core activities of Teta comprise the development of efficient and modern process management software for companies and authorities in Central and Eastern Europe.