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International expansion of Atlassian offering: EverIT becomes part of catworkx and TIMETOACT GROUP

Cologne/Budapest, 4 November 2024 – catworkx (part of TIMETOACT GROUP), a leading partner for Enterprise integration based on the Atlassian platform, is acquiring EverIT, a specialized Hungarian based Atlassian Partner. Together, the companies will build on their long-standing relationship and expand catworkx’s leading market position into Central Eastern Europe and strengthen catworkx’s global offering. The parties agreed not to disclose the details of the transaction.

TIMETOACT GROUP, headquartered in Cologne, comprises specialized IT companies across 28 locations in Germany, Austria and Switzerland, as well as in Latvia, Malaysia, Singapore, Spain, Ukraine and the USA. With over 1,300 employees and a comprehensive portfolio of software and consulting services, the digitization expert primarily concentrates on enterprise and Fortune 1,000 companies, as well as public institutions.

catworkx, part of TIMETOACT GROUP, is a leading partner for Enterprise Integration on the Atlassian platform, Atlassian Marketplace app vendor, and training provider across the EMEA region. Following its integration into TIMETOACT GROUP in May 2022, catworkx has further strengthened its capabilities through mergers with Atlassian partners brainbits, STAGIL, and Zuara. Today, the catworkx group boasts over 200 highly qualified employees in six countries - Germany, Austria, Switzerland, Spain, Ukraine, and the USA. Its expert team provides tailored, industry-specific solutions, leveraging synergies within TIMETOACT GROUP to offer customers innovative, scalable, and standards-driven services.

EverIT, founded in 2008, is a Budapest based specialized Atlassian Partner focused on providing high-quality software solutions and IT services within the Atlassian ecosystem. The company leverages innovative technologies to address clients' specific business needs, with a strong emphasis on simplicity and thorough business analysis. EverIT is dedicated to helping organizations maximize the potential of Atlassian products through tailored solutions, working in an agile and collaborative manner to ensure seamless alignment with client goals.

catworkx and EverIT have a long-standing and successful partnership carrying out multiple joint projects over time. This merger represents the next strategic step in this partnership providing the ideal expansion into Central Eastern Europe for catworkx and access to the global Atlassian ecosystem for EverIT. EverIT will become catworkx Hungary and support global projects as well as the expansion of catworkx in the CEE region.

The takeover of EverIT is the ninth successful acquisition for TIMETOACT GROUP since funds advised by Equistone Partners Europe acquired a majority stake in the business in June 2021.

I am particularly pleased that EverIT and catworkx are now coming together and joining forces in Hungary and Eastern Europe. EverIT ideally complements the capabilities of catworkx and now also offers completely new opportunities for tenders in Europe. This consolidates catworkx's position as the leading Atlassian partner in the DACH region and in Europe.

Michael Lüer CEO of catworkx

The fact that the long-standing partnership between catworkx and EverIT has now given rise to catworkx Hungary shows that we offer IT service providers an attractive home and exciting prospects for their future business development. We look forward to our market development in CEE and many joint global projects.

Frank Fuchs Co-managing director of TIMETOACT GROUP

Ferenc Molnár, Founder of EverIT, adds: “We have enjoyed collaborating with the catworkx team and recognize them as a forward-thinking, 21st-century company. With their global reach and innovative approach, catworkx is set to become a leading global Atlassian provider. The EverIT team is excited to contribute to this journey. With the resources and network of both catworkx and TIMETOACT GROUP, we will not only create value for our customers more efficiently and on a larger scale, but also offer excellent career opportunities for our team members.”

The merger remains subject to approval by the relevant competition authorities.

Frank Fuchs, Christian Koch, and Christian Reifenhäuser are responsible for the transaction on the part of TIMETOACT GROUP. TIMETOACT GROUP was advised on the transaction by bnt attorney in CEE (Legal), Impact Advisory (Financial & Tax), and McDermott Will & Emery Rechtsanwälte Steuerberater (Legal, Antitrust Law). The EverIT shareholders were advised on the transaction by Dr. Schadt Kata (Legal).

TIMETOACT GROUP

TIMETOACT GROUP modernizes and integrates IT applications for enterprise and Fortune 1,000 customers as well as the public sector in order to increase their agility, efficiency and transparency. TIMETOACT GROUP also designs and implements digital business models for innovative customers and opens up new market opportunities for them. The services include consulting, cloud transformation, data, software and system engineering in the field of employee experience, business applications and customer experience. TIMETOACT GROUP networks its own expertise with partners and leading manufacturers in order to develop tailor-made solutions for customers – including software selection, consulting and licensing. TIMETOACT GROUP includes the IT companies ARS, brainbits, catworkx, CLOUDPILOTS, IPG, novaCapta, PKS, synaigy, TIMETOACT, Walldorf Consulting and X-INTEGRATE. Together they employ over 1,300 people at 28 locations in Germany, Austria and Switzerland, in Latvia, Malaysia, Singapore, Spain, Ukraine and in the USA.

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catworkx

catworkx, part of the TIMETOACT GROUP, is a leading partner for Enterprise Integration on the Atlassian platform. Since 2002, catworkx has been a leading service provider, Atlassian partner, marketplace app vendor, and training provider across the EMEA region. With an expanding presence in the US, catworkx delivers complex, cross-border solutions with simplicity and efficiency. The service portfolio covers the full range of Atlassian products, offering process consulting, agile transformation, custom and marketplace app development, platform operations, licensing services, and official Atlassian training. catworkx also holds Atlassian specializations in Agile at Scale, Cloud Migration, and ITSM, and is an active member in different Atlassian Vendor Partner Councils. Following its integration into the TIMETOACT GROUP in May 2022, catworkx has further strengthened its capabilities through mergers with Atlassian partners brainbits, STAGIL, and Zuara. Today, the catworkx group boasts over 200 highly qualified employees in six countries—Germany, Austria, Switzerland, Spain, Ukraine, and the USA. Their expert team provides tailored, industry-specific solutions, leveraging synergies within the TIMETOACT GROUP to offer customers innovative, scalable, and standards-driven services.

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EverIT

Founded in 2008, EverIT is a specialized Atlassian Partner focused on providing high-quality software solutions and IT services within the Atlassian ecosystem. The company leverages innovative technologies to address clients' specific business needs, with a strong emphasis on simplicity and thorough business analysis. EverIT is dedicated to helping organizations maximize the potential of Atlassian products through tailored solutions, working in an agile and collaborative manner to ensure seamless alignment with client goals. Recognizing the need for efficient project tracking, EverIT developed "Timetracker" as a supplement to Jira for internal use, which later expanded into a successful solution available on the Atlassian Marketplace. EverIT continues its commitment to Atlassian products, offering consulting, training, and tool development to enhance business process management and team productivity.

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