Izertis increases its presence in Catalonia with the integration of 3ASIDE
Our company has confirmed the integration of the consulting firm 3ASIDE, specialized in the development of turnkey technological applications. The consulting company located in Barcelona has important clients in sectors such as banking, insurance, pharmaceuticals, energy or public administration.
With this acquisition, we incorporate into our structure a sector reference company that has more than 10 years of activity and that closed the last year with a turnover of more than 4 million euros.
The Barcelona company provides a great technical team with extensive experience in software development projects, where its portfolio of specific solutions for human resources and process improvement stands out. In this way, the team in Catalonia would be divided into two production centres in Barcelona and Reus, with a figure of more than 150 employees.
This acquisition is part of the national and international expansion plan focused on reaching 125 million euros of turnover in 2023, and allows reinforcing our presence in a key community for the growth of the company, in a year in which national spending in technology it will stand at 45,000 million euros.
As Pablo Martín, president and CEO of Izertis has pointed out, "the incorporation of 3ASIDE helps to strengthen our presence in Catalonia and to continue improving our portfolio of services, in an increasingly competitive market that demands innovative high-tech solutions". He also highlights "the great specialization of 3ASIDE consultants and engineers, which will allow us to have a team with an exceptional technical level".
For Toni Oliva and Joan Sagarra, executive directors of 3ASIDE, "this integration will make possible to add our know-how to a very solid and ambitious international project, with which to develop more complex initiatives, combining synergies and knowledge about the resulting client portfolio".
This announcement is made just one day after presenting the results for 2020, in which despite the crisis generated by the COVID-19 pandemic, Izertis announced a net profit 5.4 times higher than the previous year, and an amount net of turnover of 50.7 million euros, with 5.3 million normalized EBITDA, representing increases compared to 2019 of 9.5% and 14.2%, respectively.