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Quest Holdings: Participation in Intelli Solutions

Friday 23rd July 2021. Quest Holdings announces the participation in Intelli Solutions, through its subsidiary Uni Systems S.M.S.A.

In the context of the agreement Uni Systems acquires 60% of Intelli Solutions to further support the current management’s business plan. The transaction amount is €3.800.000 for the 60% of the company, consisting of both share buyout and capital raise. The total investment may reach €5.200.000 during the next two years, due to provisions for extra reimbursement of the old shareholders.

The current investment is estimated to contribute near €3.500.000 extra revenues to Quest Group, on an annual basis, at an EBITDA margin of near 30%.

Intelli Solutions is an innovative software services company, with a more than 15 years successful history in the market, many successes and a footprint on both Greece and SE Europe. It is specialized in digital transformation services, emphasizing on Customer Engagement, Customer Onboarding and Retention and Revenue Assurance. The company has a broad clientele in Telecom, Banking and Insurance sectors, Utilities and Online Betting. Intelli invests systematically in R&D and develops products and services leveraging state of the art technologies such as AI and machine learning. In Customer Onboarding specifically, it holds a leading position in the market, offering services through a Software as a Service business model (SaaS).

“With Intelli Solutions, we share the same philosophy, focus in quality and vision for the successful digital transformation of our customers. Our cooperation until today in crucial projects has already created significant value” said Giannis Loumakis, President and CEO of Uni Systems, adding that “Our participation in Intelli, will facilitate further synergies between our teams, advance our technical knowhow and broaden our offering to the Greek and European market, addressing the new challenges. We are happy to welcome the near 80 new colleagues to Quest Group, under the management of Panos Gialelis and Pavlos Tziorkas who will continue to lead the company. Our common goal is to expand in both Greece and abroad.”

Mr. Panos Gialelis, cofounder, sharehoder and CEO of Intelli Solutions, commented: “All of us in Intelli aim to add value to our customers in Greece and abroad, for more than 16 years now, based on quality and innovation. We are proud for what we have succeeded so far and for a series of distinctions we have received at a European level, which are an important reward for all our efforts through all these years. Looking forward, we will continue to invest in the development of technological products leveraging scientific personnel in Greece. I am confident that the strategic collaboration with Quest Group and Uni Systems participation - a top IT integrator in Greece – will create new opportunities for our people, our products and our company’s expansion in the Greek and European market in general.”

Sigma Catalyst Partners acted as the financial advisor of Intelli Solution in the context of the transactions and Grant Thorton and KG Law Firm as the financial and legal consultants of Uni Systems.

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