Next step towards competence expansion and internationalization:
28 October 2024
Dortmund/Sofia (Bulgaria). With the acquisition of the Bulgaria-based full-service consultancy ROITI, Dataciders further expands its position as a leading provider of Data & AI solutions in the DACH region. ROITI offers end-to-end Data & AI consulting services with a specialized focus on energy trading and risk management (ETRM) systems and adjacent fields.
The acquisition supports Dataciders (i) to further expand its customer base within the energy & utility market in the DACH region and beyond, and (ii) to strengthen its position in the ETRM field.
ROITI brings an experienced team of more than 90 consultants and engineers, primarily serving enterprise customers in Europe, with a focus on Germany and Switzerland. Through its deep expertise with the Endur and Molecule platforms, ROITI also expands Dataciders’ existing technology stack, especially in the field of ETRM.
“The impressive development of ROITI from a small team with deep domain expertise to a leading services provider in energy trading not only demonstrates the company’s successful growth but also reflects the increasing demand for innovative Data & AI solutions in the energy sector. This acquisition underscores our commitment to meet the evolving market requirements and provide tailored solutions that help our clients to enhance their efficiency and remain competitive. At the same time, this growth strategy strengthens our position as a leading provider of Data & AI in an increasingly data-driven environment,” says Dr. Gero Presser, CEO of Dataciders.
Rivean Capital’s buy-and-build strategy
Matthias Wilcken, Senior Partner at Rivean Capital, explains: “The acquisition of ROITI is another consistent step in the buy-and-build strategy for Dataciders. This acquisition strengthens Dataciders’ vertical diversification and further drives the internationalization roadmap through customer base expansion, esp. in Switzerland. We look forward to leveraging further advancing growth opportunities in this dynamic market.”
Strengthening of the market presence
With the acquisition of ROITI, Dataciders expands its presence in the energy & utility sector, a market characterized by significant growth and increasing requirement for energy trading systems. ROITI’s strong customer network, particularly in Germany and Switzerland, complements Dataciders’ international growth strategy in the DACH region. ROITI is headquartered in Sofia, the capital of Bulgaria, which is also home to Dataciders Catenate BG.
Ventsislav Topuzov, Managing Partner of ROITI, emphasizes: “The merger with Dataciders offers us three key opportunities: access to new and larger clients, access to new competencies, and more possibilities for scaling our business. We can achieve these goals alongside like-minded individuals with diverse backgrounds and experiences, allowing us to challenge each other and improve together.”
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About Rivean Capital
Rivean Capital is a leading European private equity investor for mid-market transactions, active in the DACH region, the Benelux countries, and Italy. Funds advised by Rivean Capital manage over EUR 5 billion in assets. Since its inception in 1982, Rivean has supported more than 250 companies in realizing their growth ambitions and has a strong track record of supporting and scaling successful high-tech businesses with cross-border growth agendas, including footprint expansions and operational excellence trajectories. Headquartered in Amsterdam, Netherlands, Rivean Capital also has offices in Brussels, Frankfurt/Main, Milan, and Zug, enabling a strong local presence across key European markets.