Timetoact Group, a provider of IT services and backed by Equistone Partners Europe, has acquired PKS Software, a provider of software transformation services.
Timetoact comprises eight specialized company brands across sixteen locations in Germany, Austria and Switzerland. The firm is a digitization expert concentrating on medium-sized and large companies within industry, finance and service sectors.
PKS provides customer-specific development of business-critical software. The firm uses field-tested methods to prepare analyses of existing systems to design transformation concepts and further implement them for its customers.
“The PKS acquisition enhances our portfolio by adding an essential digital transformation component for our customers,” added Frank Fuchs, co-director of Timetoact Group. “We were impressed not only by the company’s outstanding expertise in the analysis, modernization and migration of complex software, but also in particular by the entrepreneurial management team, the corresponding corporate culture and the shared perspective in respect of future growth.”