Zuccheti, the first Italian software company, buys Solmicro, a Spanish business management software company.
05/12/2016
Diego Gutiérrez
Zuccheti, the first Italian software company, buys Solmicro, a Spanish business management software company.
Zuccheti has taken over the 100% from Solmicro, a company from Bizkaia, in order to grow in the Latin American market. Solmicro has 22 years of experience in developing technological solutions for the company.
About Solmicro: Financial Facts
 
About Solmicro: Product

Solmicro is a Basque management software company with more than twenty years market presence. The solutions offered by Solmicro range from solutions for ERP and CRMto business intelligencecloud computing and digital marketinglThe Solmicro-eXpertis ERP-CRM vertical software tool. This tool is made up of functional modules. In addition to the functionalities common to all ERP-CRM management programs, it has clearly differentiating modules: Quality, Maintenance, Human Resources, EDI, ELM, Projects, Production Scheduling, Product Configurator, B2B and Document Management.

About Solmicro : Shareholding history

Solmicro has been supported since 2000 by Talde, which bought 27% from its founders. Talde became a shareholder through a capital increase at a premium which involved an investment of €0.6M. This investment supported Solmicro's growth plan in the national market, with the opening of branches in Madrid and Barcelona.

About Zuccheti

Zuccheti is one of the leading software companies in Europe, offering solutions for ERP, CRM, HR management, robotics, hospitality, automation, Internet of Things, M2M, access control and video surveillance systems. The Italian company currently has its own companies in France, Germany, Switzerland, Romania, the United States and Brazil and is present in 40 other countries through more than 200 partners outside Italy. Zuccheti has an annual turnover of €400M, 3,300 employees, 105,000 customers and 38 years in the market.

Why did Zuccheti buy Solmicro?

One of the reasons why Zucchetti has chosen Solmicro in its growth strategy is that Solmicro, thanks to its partners in Latin America, allows it to grow in the Hispanic-American market. So far Solmicro had a presence in this market, mainly in Argentina and this purchase will allow it to distribute some of its solutions also in Spain and Latin American countries.

In addition, Zuccheti stresses that what he values most about Solmicro is the verticalisation of its software, which has applications for the industrial, construction, food and wine sectors.

On the other hand, the fact that they share the same culture: the sale of their own solutions through a large network of qualified partners and a strong commitment to R&D, has been a determining factor in the acquisition.

On Solmicro's side, the fact that it did not have the resources to maintain its competitive position was a determining factor in the sale. "The fast-paced world of technology in which we work demands a constant and increasing level of effort in R&D&I; a fact that is not easy for Solmicro, due to its size. Although we have achieved this so far, it is becoming increasingly difficult for us to maintain a level of investment in line with the competitive position we occupy," says Justino Martínez, Solmicro's Managing Director.

"Thus, Solmicro, in such a competitive technological world, achieves greater solvency and more capacity to continue supporting its customers, while providing new solutions that the Italian group is developing in other areas," says Diego Gutiérrez, corporate finance expert at Solmicro. Abra-Invest.

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