Investment with Netguru
In 2022, the Polish International Development Fund CEF provided financing to Netguru to acquire a stake in San Francisco-based company Pilot 44, which provides innovative IT consulting services - a complementary activity to the company's current business.
Company profile
Netguru is a Polish company that specializes in consulting, software development, and digital product design. It is one of the fastest-growing technology companies in Europe, awarded, among others, by the Financial Times, Deloitte, and Forbes. Netguru was founded in 2008 and has already completed more than 1,000 projects. The team consists of more than 900 people from various countries around the world.
Motivations of the company to expand abroad
Netguru works for clients in Europe, North America, and Asia. The company’s strategic goal is to build a complete range of consulting and digital services for customers around the world, which will translate into higher margins. The company is focusing on growth on promising markets, particularly the US, and expanding the range of services offered.
Choice of expansion destination
According to market analysis, the United States dominates the global IT consulting market with a revenue share of more than 31% in 2020. What's more, forecasts indicate that the market will continue to grow at a steady pace through 2028, with a high influx of investment earmarked for R&D in the area of new technologies evident in the region. Market analysts expect the increased focus on the Internet of Things (IoT) and big data technologies to boost demand for IT and software solutions. In addition, the acceleration of digital transformation is leading to increased demand for software consulting and innovation development.
Choice of expansion destination
Germany is one of European countries which are actively implementing an environmentally-friendly transport policy. What can be observed as a result is a strong focus on rail and intermodal transport, which makes it possible to shift the carriage potential to more environmentally-friendly means of transport. Moreover, Germany is one of the biggest commercial partners of Poland. About 8 million trucks travel between our countries. Laude Smart Intermodal sees the above conditions as an opportunity to develop its business activities.
Benefits of expansion
With its investment in Pilot 44, Netguru is able to offer a comprehensive range of strategic consulting services, including the implementation of innovation and digital infrastructure, to clients around the world.