Business Transformation and IT service provider Conclusion has reached an agreement with Novabase to acquire the leading Portuguese IT talent and service provider company Neotalent. The organisation currently has more than 800 specialized professionals in sought after technology areas such as software development- and data analytics, as well as engineering capabilities. Neotalent has grown steadily, offering tailored near- and onshore solutions to renown corporates in Portugal and Spain. As part of Conclusion, Neotalent will be in a perfect position to reinforce customer teams in the Netherlands, help meeting the high demand for qualified multidisciplinary teams. The purchase and sale will take place in the coming months, subject to the verification of some conditions precedent which are usual in similar transactions, including the non-opposition of the Portuguese Competition Authority.
Engbert Verkoren, CEO at Conclusion, comments: “This is truly a big step for Conclusion. By welcoming Neotalent to our ecosystem, we will reach the necessary critical mass for an effective nearshore capability. They have proven to be very successful at finding the “right person for the job” compared to peers in the crowded Portuguese market. Moreover, the leadership at Neotalent is capable of retaining both employees and customers, investing in talent development and a culture of ownership and collaboration. We are committed to support the further development of Neotalent into a full-service IT provider, both in Portugal and Spain as well as abroad.”
Álvaro José Ferreira, Executive Holding Board Member at Novabase, says: “This agreement accelerates Novabase’s growth strategy, by focusing all our resources and energies on the international expansion of the Next-Gen business, particularly in the areas of Cognitive and Analytics. At the same time, by integrating into the Conclusion ecosystem, we believe Neotalent will continue to operate autonomously, maintaining its identity and fast-tracking its development as a best-in-class nearshore player, leveraging its leadership team and large team of skilled professionals.”
Célia Vieira, director of Neotalent, refers: “This is an important moment for Neotalent. Being part of an International Group such as Conclusion will allow us to reach new markets and answer to new business challenges, leveraging on the group’s expanded, best-in-class services and solutions portfolio. We see a great opportunity to match our ambition to grow, with Conclusion’s decision to have a strong nearshore capability, and a step forward in our vision to become a European player of reference in our sector. We are happy to join the Conclusion ecosystem where certainly there will be new growth opportunities for all of us, enhancing the attractiveness of our company.”
Conclusion is an IT service provider that operates as a bridge builder between strategy, business and technology, with 2.800 employees and a turnover of € 441 million in 2022. The company has its origin in the Netherlands and is distinguished by its ecosystem of over 25 expert companies in the field of business transformation and IT services. Each of these companies is an authority in its own field. Together they accompany companies and governments ranging from mid-sized to large on their respective digital journeys to tomorrow. Conclusion takes on responsibility for mission-critical company processes and systems as well as company processes and systems that are vital to society, in the heart of society. Further information can be found at: www.conclusiongroup.com/en.