By Edwig Ban
Leading business software solutions provider and integrator TotalSoft, a fully owned subsidiary of Logo Yazilim A.S. (Logo), and Architected Business Solutions (ABS), a business management consultancy group based in Bucharest with solid international expertise in retail, technology and outsourcing services, have started procedures to acquire ABS and merge it with TotalSoft.
As part of its growth strategy, TotalSoft aims to establish a new business unit focused on management consulting and further strengthen the existing retail and outsourcing services by integrating ABS' team of 50 consultants and client portfolio. The combination of resources will provide added value to both local and international clients and further widen TotalSoft’s business services offering.
“The acquisition of ABS and its merger with TotalSoft brings an infusion of know-how and valuable resources for TotalSoft, further contributing to our company’s ambitious growth objectives in Romania and abroad. The vast expertise of ABS in international management consulting, as well as complementary outsourcing services, will provide an added value to our existing and future clients. At the same time, ABS’ experience in retail consultancy and membership to Ebeltoft Group, the International Retail Experts network, further strengthens our offering and exposure for the retail segment”, stated Onder Eren, CEO TotalSoft.
Upon completion of the merger procedures, it is foreseen for ABS shareholders to have a 20% shares in TotalSoft.
Additionally, following the start of the merger procedures, Gorkem Tursucu, Managing Director of ABS, will be appointed Chief Operations Officer of TotalSoft, responsible for the further growth and development of TotalSoft’s operations, as well as leading the transformation process of the organization into an innovative and agile digital partner for the clients. With more than 20 years of consulting experience, Gorkem Tursucu has been managing ABS for the past 12 years. Previously, he held executive positions in global companies such as Arthur Andersen and Ernst & Young, being responsible for numerous assurance, consulting and corporate finance projects, in many industries. Gorkem Tursucu also led projects to improve the effectiveness and efficiency of processes for public and private global companies, in regions such as CIS, CEE, India, and Middle East.
TotalSoft is one of the most important providers of business software systems (ERP, HCM, CRM, DM and BI) in Central Europe. Currently, TotalSoft has a team of 470 software specialists and projects in 46 countries on 4 continents.
PWC ranks Total Soft as one of the top Pan-European providers of leasing software solutions. Charisma Leasing was selected by several major leasing groups, such as Deutsche Leasing, Raiffeisen Leasing, BNP Paribas, and Volvo Financial Services, as a standard solution supporting multi-country operations.
TotalSoft is a fully owned subsidiary of Logo, the largest independent software provider in Turkey. With over 30 years of experience, Logo is one of the fastest growing software companies, delivering innovative solutions and services through more than 800 partners. The company is present in 45 international markets serving over 85,000 customers in Europe, Middle East, Africa and Asia. Logo is the first publicly traded IT company in Turkey, with a market cap exceeding $ 400 million.