What is Vesta Group?
The new owners of the Uruguayan firm – which also has operations in Paraguay, with a company incorporated under the same name – expressed in a statement that, as with its other 20 independent acquisitions around the world, they will focus on “strengthening” Datalogic within the market in which it competes.
This, as they anticipate, is carried out “through organic growth strategies such as new initiatives or product development, day-to-day management or through acquisitions to drive growth.”
Vesta Group is controlled by the mega holding company ConstellationSoftwarewhich invoiced around $5.1 billion last year. The company originally from Canada has more than 125,000 clients in more than 100 countries.
On the official website of the multinational Vesta, they assure that to define their acquisitions they seek, as a general guideline, technology companies that sell “an own solution highly adapted to the needs” of their markets. In turn, they anticipate that they usually operate their companies separately even though they compete with each other, “maintaining the entrepreneurial spirit”
Whether large, with a “handful of employees”, or large, the English multinational shows Interested in expanding into new market niches.
What does Datalogics do in Uruguay
The local firm is dedicated to generating solutions for enterprise resource planning, human resources and payroll management. It was founded in 1987 and, since then, it has developed different ERP, Workforce Management and Payroll Management solutions for medium and large companies in the region.
“The acquisition of Datalogic will reinforce Vesta’s mission to become the most important owner of critical software companies for vertical markets in the South American continent,” he confided. Richard ClancyCEO of the UK-based group.
Later, he added: “Datalogic brings with it an impressive legacy of delivering high-quality products for the Uruguayan and regional market, and its systems operate in large government departments and private companies.”
For its part, Gustavo Charbonnierfounder of datalogicpointed out that “Uruguay is a global leader in digital transformation and the promotion of the software sector. We are very grateful and proud of everything we have achieved in the past, and now we only think about the future of our clients and our team.”
Source: Ambito
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