Sirma Group Holding: A New Era of Innovation and Growth
Sofia, Bulgaria, October 8, 2024. Sirma Group Holding JSC, a leading technology provider, has successfully merged six subsidiaries into one entity. This strategic move marks a significant milestone in the company’s journey, consolidating its operations and strengthening its position in the global market.
This merger consolidates the expertise of Sciant, Sirma Solutions, Sirma Business Consulting, Sirma CI, Sirma InsurTech, and HRM Solutions. By combining these diverse teams and their strengths, the company aims to streamline operations, enhance efficiency, and foster greater collaboration across its various divisions.
Tsvetan Alexiev, CEO of Sirma Group Holding JSC, expressed his excitement about this new chapter, stating,
We now will utilize the benefits of combining our expertise and resources, allowing us to deliver even more comprehensive and impactful software solutions to our clients. We are confident that our unified strength will enable us to achieve even greater success in the coming years.
Overcoming Challenges and Leveraging Synergies
The merger presents a unique opportunity for Sirma Group to overcome key transformation challenges. By successfully integrating diverse teams and cultures, the company can create a more robust cohesive unit than the sum of its parts. Streamlining operations and reducing redundancies will also enhance efficiency and optimize resource allocation.
Sirma Group Holding will also be able to leverage synergies across its various business lines. The company can create new value propositions and drive innovation by identifying and capitalizing on opportunities for collaboration and shared resources.
One week before today’s important date, a strategic roundtable was held during the annual team-building event at Starosel Wine and Spa. Tsvetan Alexiev, the CEO of Sirma Group Holding, presented the new corporate structure and upcoming changes to the senior vice presidents, vice presidents, and sales managers. Learn more here.
To ensure a smooth transition and maximize the benefits of the merger, our CEO has outlined several goals we strive to reach in the next two years:
- Streamline operations: Optimize internal processes and seamlessly transition to the new corporate structure.
- Define and enhance processes: Establish clear guidelines and workflows for HR, sales, marketing, administrative, and delivery functions.
- Foster collaboration: Encourage knowledge sharing and teamwork across business lines and units.
- Expand market presence: Continue growing organically and through acquisitions.
- Increase profitability: Enhance financial performance and explore opportunities for expansion into new markets.
- Dual Listing: Dual listing on the Frankfurt Stock Exchange to expand investor base and access international capital markets.
By successfully achieving these milestones, Sirma Group will lay a strong foundation for long-term sustainable growth and create significant value for its shareholders, employees, and clients.
