Izertis grows in Blockchain with the integration of the company Wealize
Our firm has acquired this Thursday the Cordoba-based technology company Wealize, specialised in cutting-edge technologies such as Blockchain, Artificial Intelligence (AI) and conversational agents, with the intention of reinforcing our leadership in one of our main specialities.
This is the first integration of a company of Andalusian origin, doubling the number of staff in this Autonomous Community after the opening of our offices in Seville in 2020, and with which we intend to continue to gradually increase the number of employees and operational capacity in the region over the coming years.
This incorporation stands out for its technical nature as Wealize brings to our firm extensive experience in projects based on Blockchain, Self-managed Digital Identity, Smart Contracts, Cryptoassets and Tokenisation. Likewise, within the field of Artificial Intelligence, Wealize has extensive know-how in natural language processing, artificial vision and machine learning.
The integration of Wealize reinforces our commitment to Blockchain and Artificial Intelligence, two technologies that are increasingly in demand in the market
In this line, Wealize has a portfolio of solutions distributed among customers in Europe, America, Africa and Asia-Pacific, to which it provides its own products, including Coloq.io, Factalite, Sabina and Identify.
Pablo Martín, our President and CEO, has explained that "the integration of Wealize reinforces our commitment to Blockchain and Artificial Intelligence, two technologies that are increasingly in demand in the market and which are an important part of our strategy for the coming years".
"Izertis' ambitious growth plan for the coming years opens up new business development possibilities for us. We want to contribute our experience and generate new synergies to establish ourselves as a benchmark provider", has commented Miguel Calero, CEO of Wealize.
This operation is the third acquisition carried out by our consultancy firm in barely a month, and the fourth in the global computation of 2022, following the accessions of Duonet, Okode and Sidertia Solutions. The merger takes place after a last financial year in which our technology company has announced a 28.2% growth in turnover and a 38.0% growth in normalised EBITDA, with a forecast to exceed 125 million euros in turnover and a normalised EBITDA of 12.5 million euros in 2023.
Our company has been awarded by the European Union itself as 'Company of the Year' in 2020, recognising it as the best performing and most stable company out of 36 growing stock markets in Europe. In the last two financial years we have been included in the Financial Times ranking of the 1000 fastest organically growing companies among the 36 European countries.