TIMETOACT GROUP has acquired Trustbit, enhancing its digital consulting capabilities in Austria, and consolidating its position as a leading player in the IT services sector.
Information on the Target
Trustbit, operating under SWP Softwarepark GmbH, is a prominent IT consulting firm based in Vienna, Austria, founded in 2007. The company has established a workforce of approximately 50 skilled employees, focusing on delivering customer-centric software solutions, machine learning, data science projects, and comprehensive IT consulting services. Trustbit prides itself on its commitment to quality, flexibility, and trust, which drives its mission and distinguishes it in the competitive landscape.
Over the years, Trustbit has successfully collaborated with various sectors, extending its expertise in digital transformation and the development of digital business models. Its diverse team, composed of specialists from across Europe, enhances the company's ability to address complex client needs effectively and drives its vision of fostering innovation and digital advancement.
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Industry Overview in Austria
The IT consulting industry in Austria has experienced significant growth, propelled by an increasing demand for digital transformation across businesses of all sizes. As organizations strive to adapt to evolving market conditions a
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in 2024
in a Buyout deal