Latvia's Digmatix acquires Estonian technology company BCS Itera

Latvian company Digmatix (formerly Digital Mind) has signed an agreement with Estonian technology company BCS Itera to acquire 100% of its shares. The deal will bring together two regional Microsoft solutions partners, helping to increase Digmatix's competitiveness in the region, as well as expand its solution offerings in the manufacturing, retail, financial and human resources sectors.

According to Digmatix CEO Rinalds Sluckis, after the merger, the Digmatix Group will employ more than 400 people, with a projected turnover of more than 40 million euros in 2025.

The investment transaction is subject to approval by the Estonian Competition Council and is expected to close in May 2025.

Founded in Riga in 2005, Digmatix (formerly Digital Mind) is a leading provider of Microsoft business applications and IT solutions across Central and Eastern Europe (CEE), serving clients in more than 40 countries worldwide. Operating in Latvia, Estonia, Lithuania, and Poland, Digmatix offers a full Microsoft cloud services portfolio, proprietary innovations, and customized IT solutions for businesses of all sizes.

BCS Itera is a leading Estonian Microsoft Dynamics consulting company specializing in ERP, HRM, CRM, and Business Intelligence solutions. BCS Itera serves clients across the Baltics and Europe, with a team of approximately 100 professionals supporting over 750 companies across retail, manufacturing, utilities, and professional services sectors. BCS Itera is a certified Microsoft Solutions Partner in Business Applications, Data & AI, and Digital & App Innovation. The company was founded in 2000.