04 Oct SOFTONE Group of Companies acquires 61.73% of cosmoONE’s shares, held by OTE Group
The SOFTONE Group of Companies acquired today 61.73% of the shares of cosmoONE, a leading company in Greece in B2B eCommerce (eProcurement solutions and services), which was owned by the OTE Group.
With strong know-how and 20+ years of activity in the eProcurement market, cosmoONE has developed and has a wide range of specialized solutions, connected to SOFTONE Group solutions, that can cover all stages of the procurement cycle, from applications for tenders and auctions to ordering, receiving and archiving, and invoicing via the ERP systems.
cosmoONE’s clientele includes large private companies in all sectors of the economy, such as telecommunications, banking, insurance, industry and commerce, as well as a significant number of public sector entities.
According to the CEO of cosmoONE, the first in Greece and today’s largest B2B eProcurement company, Thanasis Petmezas: “The acquisition of the company’s majority stake by the SOFTONE Group of Companies marks a new era for us. Huge prospects for the spread of e-procurement are opening up through the Group’s ecosystem of solutions, which are tailored for businesses of all sizes, and support business operations through ERP, CRM and e-invoicing cloud solutions for the financial management of the business, its customers and its invoices. At the same time, cosmoONE is scaling to accelerate its business plan, powered by the upcoming synergies in application development with the SOFTONE Group of Companies. cosmoONE will continue to deliver, develop, improve and support all its existing applications with the same quality, care and respect for its customers, driven by adding measurable value to their procurement operations.”.
SOFTONE Group of Companies CEO, Panos Martinis, said: “This new agreement is a continuation of our strategic investments in leading technology schemes. cosmoONE has created and continues to develop a series of recognized B2B solutions around the supply chain. Combined with the acquisition of IMPACT, the union of the cosmoONE, IMPACT and SoftOne solutions creates direct synergies and further strengthens our vision for the largest platform for connecting Greek businesses in the cloud. At the same time, the dynamics of our Group’s penetration into the segment of medium and large enterprises is further expanded, with specialized best-of-breed solutions, which will lead them to the next level of digitization of all their B2B processes.”.
The SOFTONE Group is one of the largest technology groups in Greece and Southeast Europe. Its companies are active in the development of business software systems, innovative cloud services and enterprise mobility solutions, having received numerous awards and distinctions for innovation and their decisive contribution to the realization of the digital transformation of businesses. Offering a complete portfolio of solutions through its expanded network of 600+ specialized partners, the SOFTONE Group today has a strong clientele that exceeds 60,000 businesses in the Greek as well as selected international markets (Cyprus, Romania, Bulgaria).