EPSILON NET acquired the 80% of the share capital of OROSIMO SOFTWARE S.A.
EPSILON NET Group, consistently implementing its development plan and strengthening the model of strategic cooperation moves, announces the acquisition of 80% of OROSIMO SOFTWARE S.A. (www.orosimosoftware.gr) which specializes in:
implementation of complex IT projects and installation of ERP, CRM, Supply Chain Management in medium & large enterprises with emphasis on activities in the field of industry, Logistics, transport in Greece & abroad, and
- the development of special software & systems solutions that meet the specific needs of its customers.
EPSILON NET acquired the 80% of the share capital of OROSIMO SOFTWARE S.A. from the founders of the company Mr. Theodoros Argyriadis and Mr. Dimitrios Argyriadis, who will retain the remaining 20% of the share capital and will continue to exercise in the same way as today, their administrative duties, contributing with their many years of experience to the new growth cycle of the company. The total amount of the investment rose to € 1,360,000, while an earn out bonus of € 240,000 is foreseen and will be paid to the old shareholders depending on the financial performance of the company in 2024 and 2025.
OROSIMO SOFTWARE S.A. was founded in 1992 in Thessaloniki and has activity both in Greece and in the Balkans (with emphasis on the Romanian market, where it also owns a subsidiary). The main focus of the company is the undertaking and implementation of complex ERP, CRM, Supply Chain Management (SCM) projects. The specialized personnel of the company, which has extensive experience in particularly demanding installations, is mostly employed in the development of software applications and the provision of information systems application services to the company's customers. Indicatively, is worth mentioning that in the clientele of the company are a lot of excellent Greek companies with activity in Greece and abroad, such as Alumil Group S.A, A. Hatzopoulos S.A, Agrino (E.G.E. Pitsiolas S.A) among others.