Landmark transaction is one of the largest digital product engineering acquisitions to date in Central and Eastern Europe
SAN FRANCISCO, Nov. 21, 2022 -- Cerca Trova Advisors is pleased to announce that it served as financial advisor to Fortech in its pending acquisition by GlobalLogic. This is the largest acquisition to date of a digital product engineering company in Romania and marks another successful transaction for Cerca Trova Advisors, which has advised on three of the largest software engineering deals in the country over the past three years.
Founded in Cluj-Napoca in 2003, Fortech has grown to become one of Romania’s leading software engineering companies, with a team of over 1,100 professionals in four locations. The company provides a full range of digital product engineering services to clients across a variety of industries, including automotive, technology, healthcare, and financial services. Read the full announcement from GlobalLogic here.
“We are thrilled to have worked with Cerca Trova Advisors on this landmark transaction,” said Calin Vaduva, CEO of Fortech. “Their deep expertise and strategic guidance were critical in helping us navigate the complexities of the deal and securing a successful outcome for all parties involved. Cerca Trova was a true partner throughout the entire process, offering invaluable support and guidance at every stage. We are very grateful for their support.”
“Fortech is a true gem in the Romanian tech ecosystem,” said Gerard Wiener, Managing Director at Cerca Trova Advisors. “Their talented team and innovative approach to software engineering have positioned them as a leader in their field, and we are excited to see what the future holds for them as part of the GlobalLogic family. We are proud to have played a part in this exciting transaction.”
“Fortech is a truly exceptional company with a strong culture and a clear vision for the future,” added Martin Wierzbicki, Managing Director at Cerca Trova Advisors. “We are delighted to have been able to support them in this acquisition, and we look forward to seeing them continue to grow and thrive in the years ahead.”
Cerca Trova Advisors is a leading M&A advisory firm specializing in technology and software services. The firm is a leader in the digital engineering market and has advised on numerous high-profile transactions in recent years, including the acquisition of Tremend by Publicis Sapient and Gemini Solutions by ThoughtWorks.