IN2 expands to international markets with a new strategic partner
Constellation Software Inc. today announced its wholly-owned division Vela Operating Group and its subsidiary Aquila Software have acquired IN2 Group, one of the leaders of the software industry in the region.
Constellation Software is a global group based in Toronto, Canada. It was founded in 1995. Through a combination of acquisitions and organic growth, it grew into a company with more than 13.000 employees in more than 200 companies on five continents. In its acquisitions it mostly aims at companies who have a potential or already are market leaders in software for different industries.
Mike Byrne, Chief Executive Officer of Aquila Software, commented: “The acquisition of IN2 provides a continued step in our commitment to the IT solutions within the region. We are excited about the quality of the people and the clients of IN2. What IN2 has accomplished over the past 25 years is tremendous and we hope to build upon their accomplishments within the region.”
Ante Mandić, Founder and Chairman of the Board of IN2, said: "IN2 is one of the first major Croatian software only companies. Our growth has contributed to the creation of IT market and trends in the industry, and we have made a mark with our solutions in private and public sectors in these 25 years. My wish is that IN2 becomes a truly global company in the coming years, and I believe our new owner and strategic partner, Constellation Inc., is the right choice for this new big phase in the company’s lifecycle. Finally, and just as important, clients in the Croatian market and in the region remain IN2’s focus.”