Euvic and 3S Data Center are investing in itWORKS S.A.
19 January 2017
Euvic (part of the Euvic Group) purchased 100% shares in itWORKS and later on resold 50% of them to 3S Data Center, a company of the 3S Group. This purchase is a key element of the growth strategy of both capital groups. The new owners plan to take advantage of synergies to the benefit of all of their organizations.
The new investors intend to continue the existing projects carried out by itWORKS and to launch new ones as well as to develop all of the company’s business areas: IT outsourcing, data centre & cloud, business continuity and business process management.
itWORKS is a perfect complement to the business of Euvic and the 3S Group and their cooperation will open up access to new customers and business relationships in Poland, the European Union countries as well as in the USA.
The new owners appointed the Management Board composed of: Wojciech Wolny – President of the Board (President and founder of the Euvic Group), Bartosz Ćwikliński – Vice-President of the Board (former President of the Management Board at itWORKS), Zbigniew Ciukaj – Vice-President of the Board (holds the same position as before), Marek Faszczewski – Member of the Board (representative of the 3S Group).
3S Data Centre S.A., a company of the 3S Group, manages a cluster of 5 data centres located in three cities in Poland (Katowice, Warsaw, Krakow) with a total area of more than 4,000 m2. The purchase of shares in itWORKS follows the acquisition of a data centre in the Katowice Euro-Centrum (2016) and the establishment of 3S BOX S.A. in Warsaw (2016), another investment in business development based on the data centres in the 3S Group. itWORKS has been a customer and a business partner of the 3S Group since 2015.
“This transaction is yet another stage of our cooperation with itWORKS,“- said Zbigniew Szkaradnik, President of the Management Board at 3S Data Centre S.A. – “The 3S Group gains new integration competencies and access to a pool of corporate customers, whereas itWORKS gains resources in the form of data centre and telecommunications infrastructure. Closer cooperation will result in synergies benefitting both companies. At the same time itWORKS joins a dynamically growing capital group with a big investment potential and a stable financial standing which gives the company additional opportunities,” he added.
The purchase of shares of itWORKS is the result of the Euvic Group’s strategy, consistently pursued for years, to build the largest federation of IT companies in Central Europe.
back“I think that taking the helm of itWORKS is one of the most important challenges in my career. I also look forward to working with 3S, and – in particular – close contact with the founders of the company who proved in the past that they know perfectly well how to grow their business,” said Wojciech Wolny, President of Euvic and new President of itWORKS. It is worth noting that the responsibilities of different investors are clearly delineated. While 3S will provide value added services in the data centre area, Euvic is a natural partner in the field of outsourcing as well as development and maintenance of the product Atmosfera ITSM.“I can see a lot of areas where Euvic may learn and benefit from the experience of this company. On the other hand, we want to add more dynamism to its development through changes in the way we do things in key business areas,” added Wojciech Wolny.