Digging the Latest Small Business News

TeamSystem boosts presence in Türkiye with two acquisitions in the Mediterranean region

Italian tech and AI company TeamSystem is expanding its presence in Türkiye with the acquisition of two new companies through its subsidiary Mikrogrup. The Group, which specializes in developing digital platforms for business management, has acquired 100% of Bizim Hesap and a minority stake in Nef Solution, further strengthening its offerings for businesses and professionals in the areas of digital accounting and risk management.

Bizim Hesap, a cloud-based pre-accounting and business management platform for SMEs, was founded in Istanbul in 2013 and currently serves over 40,000 clients. The company offers a suite of integrated services, including e-invoicing, warehouse management, e-commerce, virtual POS, and fuel management, making it a leader in the Turkish market. Founders Mehmet Çelik and Barış İnalpolat will continue to lead the company, ensuring continuity in product development and operations.

Nef Solution, founded in 2021, specializes in AI-driven solutions for financial risk management and compliance for financial institutions and SMEs. The company has a strong client base in the banking sector and has collaborated with TeamSystem’s subsidiary modefinance on joint development projects. With this investment, TeamSystem aims to further expand its offerings in the fintech and compliance domains.

These transactions, following TeamSystem’s acquisition of Mikrogrup in July 2023, demonstrate the Group’s commitment to strengthening its international footprint. Türkiye, with its dynamic business ecosystem and strategic location between Europe and Asia, is a key market for TeamSystem’s growth in the Mediterranean region. The country will serve as a strategic hub for the Group’s expansion, as it aims to become a European leader in digital transformation for businesses and professionals.

Federico Leproux, CEO of TeamSystem, stated, “These two acquisitions mark another step forward in our international growth strategy, further consolidating our presence in the Mediterranean area. Türkiye has great potential for development, and we are confident that our synergies with other TeamSystem platforms and companies such as modefinance will drive long-term value creation for our clients.”

Göktekin Dinçerler, Head of TeamSystem Türkiye, commented, “We are proud to be part of TeamSystem’s growth in the Turkish market. These transactions will allow us to expand our customer base and services for SMEs, as well as opening up new development opportunities in the fintech and compliance domains. TeamSystem’s commitment to Türkiye as a strategic hub is evident, and we look forward to contributing to the country’s digital development.”

Mehmet Çelik and Barış İnalpolat, Co-Founders of Bizim Hesap, expressed their excitement about joining TeamSystem, stating, “Becoming part of an international group like TeamSystem represents an extraordinary opportunity for us. We look forward to contributing to the growth of SMEs and advancing the country’s digital development.”

Derya Sarikayalar, Founder of Nef Solution, added, “TeamSystem’s investment in our company marks an important milestone in our growth journey. We are confident that working with an international group and companies such as modefinance will enable us to grow, innovate, and solidify our position as a leading partner for banks and SMEs in risk management and compliance.”

TeamSystem was advised by PWC for Tax, Financial and Labour due diligence in the Bizim Hesap acquisition and by EY for the Nef Solution investment. Esin Attorney Partnership acted as legal advisor to TeamSystem for both transactions. Bizim Hesap was advised by Baseak for legal matters and by Core Finance as the sell-side advisor.

TeamSystem, which closed 2024 with revenues of EUR 1 billion and a team of over 5,000 employees, is committed to delivering innovative technologies to enhance the competitiveness of businesses and professionals. The Group operates in Italy and abroad, serving around 2.5 million customers through its proprietary cloud-based digital platforms.

Share this article
0
Share
Shareable URL
Prev Post

“Starling enhances business banking services in preparation for HMRC’s ‘Making Tax Digital’ implementation”

Next Post

“Dartmoor Zoo Welcomes Arrival of Critically Endangered Amur Leopard Cub, Born to Rare Breeding Pair Freddo and Lena”

Read next
0
Share