Serbia, A new milestone in the IT sector

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Quantox Technology and Sandberg Capital have signed a partnership that will ensure further growth of the company, taking it to the next level! The investment of €20 million aims to create a significant step forward for the future sustainable development of Quantox, enable the gathering of talents in IT, as well as the strategic global expansion of the company.

Sandberg Capital is a Slovak private equity company founded in 2014. Focused on investments in small and medium-sized enterprises in the Slovak Republic and the region of Central and Eastern Europe. Currently, it manages capital of 340 million euros, and its capital partners include institutional investors such as the European Investment Fund.

This partnership represents one of the 5 largest investments signed with companies from Serbia!
With the support of Sandberg, Quantox plans to ensure successful expansion into new markets, building even stronger customer relationships with greater freedom and creativity in creating new software solutions.

“By entering into this partnership, we want to improve our expertise and further strengthen the position of the leading IT employer in the region.” Also, this investment will enable us to have a greater presence on the European and American markets, and this will especially mean to our clients through an increase in the range of services, the delivery of top digital solutions and the provision of comprehensive IT support,” says Vuk Popović, founder of Quantox Technology.

The company’s focus remains the same – discovering new perspectives and empowering the Q team. Partnership is an additional way that will further contribute to sustainable long-term growth and stability.

“Considering Sanberg’s multiple investments in IT so far, we see an increasingly strong pressure on digitization throughout the economy.” At the same time, we see a serious lack of IT experts, which can partly affect the strategic growth and development of companies. The investment in Quantox reflects our long-term strategy of partnering with ambitious companies that directly or indirectly help the digital transformation of the economy,” said Michal Rybovič, Partner at Sanberg Capital.

Matej Klenovsky of Sandberg Capital believes that Quantox and Sandberg share a similar mindset on values ​​and further growth, while having the same ambitions and perspective for future achievements.

“Quantox, in addition to employing a large number of IT professionals and having a great ability to attract clients from various industries, is truly committed to the development of the local IT community.” We believe that this company is more than ready for the next step and we are here to accompany them on that journey – supporting us with our experience, knowledge and capital.”

In the future, both partners will focus on improving Quantox’s business – strengthening the local presence, expanding the range of services to meet the increased demands of clients from all over the world, and improving internal processes and organizational structure.

“We are extremely grateful for the trust and support of our new partners – this is a kind of confirmation of everything we have achieved, as well as an opportunity to be even better and grow together.” Following a common vision, we strive for global expansion and adoption of new knowledge, skills and experiences, while preserving the values ​​and culture of the company itself,” concludes Vuk Popović.

With 16 years of experience in the IT market, Quantox is recognized as a reliable partner in the world of digital technologies. After three successful acquisitions in the last year, this is an important step and a kind of “tailwind” that will bring us even closer to our vision, which is to grow in expertise, nurture people as our greatest value and become one of the most reliable and efficient partner in the digital world.

Legal assistance and consultations in this process were provided to Quantox by Grubišič & Partners as financial advisors and Four Legal as legal advisors, while Sandberg was supported by ESFA (financial advisors), EY (finance and taxes), and BDK Advokat (legal advisors).

A new digital era is upon us. Supporting the development of clients worldwide and developing IT potential in our region – we continue to make new ideas and visions possible, Danas writes.

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