Nagarro Holding and iQuest Group merge on the Romanian market

By Jerom Bolt
Nagarro, a global leader in digital engineering and technological solutions, owned by the German group Allgeier SE and iQuest, a company specializing in the development of software solutions, part of the same group, will join forces in Romania. The new organization will bring together more than 800 employees locally.
The merger between the iQuest group and Nagarro is part of the new strategy of Allgeier SE, a Frankfurt-listed company. The strategy aims to group all entities in the technology area of the Allgeier portfolio into a separate division that aims at independent listing, namely the creation of an innovative global leader, full-service, in the field of digital engineering and technological solutions.
“Both Nagarro and iQuest are professional services organizations with a solid culture, which have more similarities than differences, which outlines the advantages of this decision. Both companies build solutions based on a solid understanding of customer needs, with very high versatility and added value. On the other hand, the new organization will be able to access markets not approached so far by each of the two companies “, said Voicu Stoiciu, Managing Director of Nagarro Romania.
The customers served by iQuest are mainly located in geographical areas such as the USA, the United Kingdom, Switzerland and Germany, and work mainly in areas such as financial services, biotechnology, transport and logistics, utilities, telecommunications. On the other hand, Nagarro – which has been operating in the local market since 2005 – uses a global delivery model and has customers in areas such as production, transport and logistics, banking and insurance, automotive, digital, retail, telecommunications. Following this merger, the new company anticipates a consolidation of the common areas of activity, respectively an expansion in the new areas, by exploiting the potential of the new group.
In the coming months iQuest will be rebranded in Nagarro, but at the operational level, the two organizations will not change: Nagarro and iQuest specialists will have the opportunity to work on several projects and will have access to technologies, experiences and delivery models. we. Thus, project teams can now have specialists from several geographical areas, operating on a global delivery model, as well as from areas of expertise that were not available before.
Following the transaction, the two companies will have approximately 815 employees in Romania, most of them coming from the iQuest group. Nagarro has a team of 155 employees in its unique headquarters in Romania, located in Timisoara, and iQuest has more than 660 employees in the offices in Cluj-Napoca, Brasov, Bucharest, Craiova and Sibiu.
The transition stage will be governed by a team formed by the management of the two companies, transferring the current responsibilities to the new configuration, which involves repositioning the iQuest management in roles with global impact in the new organization. Voicu Stoiciu, who currently holds the position of Managing Director of Nagarro Romania, will be in charge of the operations of the new entity formed in Romania. Following the merger, the representatives of the new company expect that this year will offer growth opportunities, both in terms of existing and new projects.
“As we traverse the current situation dictated by the Covid-19 pandemic, we look forward to the next chapter in which we will operate as a single company. I am convinced that the future will be a promising one, taking into account that both Nagarro and iQuest share the same organizational culture in which customer orientation, agility, open communication and employees have priority “, concludes Voicu Stoiciu.
Nagarro, a global leader in state-of-the-art technology services for digital innovation and advanced performance, has offices in 25 countries, with the most important centers located in Romania, Austria, Germany, India, Mexico, the United Arab Emirates and the United States. Entrepreneurial company, Nagarro was founded in 1996 and taken over by the German technology group Allgeier SE in 2011. In Romania, Nagarro is based in Timisoara.
iQuest, a provider of IT solutions and services for businesses, has software development centers in Cluj-Napoca, Brașov, Craiova, Sibiu, Bucharest and Warsaw, headquarters in Frankfurt and a consulting office in Zurich. iQuest started its activity in 1998, being founded by Cornelius Brody, an entrepreneur from Cluj. Since 2018, the Allgeier group holds the majority stake in the iQuest group. IQuest Group is currently 100% owned by Nagarro., owned by the German group Allgeier SE and iQuest, a company specializing in the development of software solutions, part of the same group, will join forces in Romania. The new organization will bring together more than 800 employees locally.
The merger between the iQuest group and Nagarro is part of the new strategy of Allgeier SE, a Frankfurt-listed company. The strategy aims to group all entities in the technology area of the Allgeier portfolio into a separate division that aims at independent listing, namely the creation of an innovative global leader, full-service, in the field of digital engineering and technological solutions.
“Both Nagarro and iQuest are professional services organizations with a solid culture, which have more similarities than differences, which outlines the advantages of this decision. Both companies build solutions based on a solid understanding of customer needs, with very high versatility and added value. On the other hand, the new organization will be able to access markets not approached so far by each of the two companies “, said Voicu Stoiciu, Managing Director of Nagarro Romania.
The customers served by iQuest are mainly located in geographical areas such as the USA, the United Kingdom, Switzerland and Germany, and work mainly in areas such as financial services, biotechnology, transport and logistics, utilities, telecommunications. On the other hand, Nagarro – which has been operating in the local market since 2005 – uses a global delivery model and has customers in areas such as production, transport and logistics, banking and insurance, automotive, digital, retail, telecommunications. Following this merger, the new company anticipates a consolidation of the common areas of activity, respectively an expansion in the new areas, by exploiting the potential of the new group.
In the coming months iQuest will be rebranded in Nagarro, but at the operational level, the two organizations will not change: Nagarro and iQuest specialists will have the opportunity to work on several projects and will have access to technologies, experiences and delivery models. we. Thus, project teams can now have specialists from several geographical areas, operating on a global delivery model, as well as from areas of expertise that were not available before.
Following the transaction, the two companies will have approximately 815 employees in Romania, most of them coming from the iQuest group. Nagarro has a team of 155 employees in its unique headquarters in Romania, located in Timisoara, and iQuest has more than 660 employees in the offices in Cluj-Napoca, Brasov, Bucharest, Craiova and Sibiu.
The transition stage will be governed by a team formed by the management of the two companies, transferring the current responsibilities to the new configuration, which involves repositioning the iQuest management in roles with global impact in the new organization. Voicu Stoiciu, who currently holds the position of Managing Director of Nagarro Romania, will be in charge of the operations of the new entity formed in Romania. Following the merger, the representatives of the new company expect that this year will offer growth opportunities, both in terms of existing and new projects.
“As we traverse the current situation dictated by the Covid-19 pandemic, we look forward to the next chapter in which we will operate as a single company. I am convinced that the future will be a promising one, taking into account that both Nagarro and iQuest share the same organizational culture in which customer orientation, agility, open communication and employees have priority “, concludes Voicu Stoiciu.
Nagarro, a global leader in state-of-the-art technology services for digital innovation and advanced performance, has offices in 25 countries, with the most important centers located in Romania, Austria, Germany, India, Mexico, the United Arab Emirates and the United States. Entrepreneurial company, Nagarro was founded in 1996 and taken over by the German technology group Allgeier SE in 2011. In Romania, Nagarro is based in Timisoara.
iQuest, a provider of IT solutions and services for businesses, has software development centers in Cluj-Napoca, Brașov, Craiova, Sibiu, Bucharest and Warsaw, headquarters in Frankfurt and a consulting office in Zurich. iQuest started its activity in 1998, being founded by Cornelius Brody, an entrepreneur from Cluj. Since 2018, the Allgeier group holds the majority stake in the iQuest group. IQuest Group is currently 100% owned by Nagarro.