HTEC Groupa consulting, software engineering and digital product development company based in San Francisco, California, has acquired Mistral Technologies, a software development company based in Sarajevo, Bosnia and Herzegovina.
The amount of the transaction was not disclosed.
With the acquisition, the HTEC Group will provide an expanded service offering to its customers, additional product design and technology capabilities, and provide long-term stability and growth for customers and employees.
Led by CEO Mersed Camdzic, Mistral Technologies is a software development company working on more than 30 long-term global projects with partners in the United States and Western Europe. Mistral’s team of more than 300 professionals provides software to companies ranging from Fortune 500 companies to startups in a variety of industries, including entertainment, telecommunications, healthcare, fintech, banking, retail retail, transportation, energy and insurance.
Led by CEO Aleksandar Cabrilo, HTEC Group is a consulting, software engineering and digital product development company that provides enterprises, startups, corporations and Fortune 500 companies with digital product development, strategy and conceptualization to digital product design and large-scale agile engineering. HTEC provides digital products and platforms in areas such as Healthcare, Retail, Transportation & Mobility, Logistics, FinTech, Green Energy, Media and Deep Tech. Globally, the company’s team numbers more than 2,000 employees, with development centers across South East Europe – where the company operates in six countries – with creative offices and consulting firms located in Silicon Valley, London, New York, Minneapolis, Amsterdam, Stockholm and Gothenburg. Strength of the recent $140 million investment from Brighton Park CapitalHTEC continues to expand and expand its capabilities through a combination of strategic acquisitions and organic growth.