Apr 03, 2025
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Bulgaria
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Bulgaria
Total Specific Solutions ("TSS") has acquired SelMatic Ltd., a provider of ERP-class business management software in Bulgaria. This is the second company in Bulgaria to join TSS, following AS Systems.
The SelMatic ERP offers a high level of customization and scalability to all types of organizations, ranging from large enterprises to SMEs. The platform supports all commercial activities, including real-time stock receiving, customs and duty, and smart inventory management (WMS), complete financial & accounting management, and a multi-step sales solution including e-commerce, customer satisfaction, and POS. The platform also features a MES module for resource planning and order management, a PIM (Product Information Management) module, BI analytics, and various other functionalities to help clients run their businesses efficiently. The ERP platform can also be used on a tablet of from mobile devices.
Radil Stefovski, Portfolio Manager at TSS: "We are pleased that we can welcome our second company to TSS in Bulgaria. It is a country with many interesting software companies and a rich IT background. We have been in contact with Dimitar Selenski, the owner, founder, and managing director, for several years and have built a strong relationship. During this time, the company has continued its solid growth path, and Dimitar thought it would be beneficial to join our group to support the continuation of its impressive journey. TSS is building a diverse and strong portfolio of software companies in the CEE region, and SelMatic is a great addition.
We have extensive experience in the retail industry and in ERP software. It will be interesting to exchange best practices in this area. General Manager Ivo van den Heuvel and I look forward to helping Dimitar and the Selmatic team familiarize themselves with the TSS way of working and exploring our best practices.
Dimitar Selenski, former owner and current Managing Director of SelMatic: "When we first met TSS, our company has been developing and growing according to plan. We were not looking for an owner, nor did we want to sell our company. Over the years, we have stayed in touch. I began to see the benefits of joining a large software holding company. Especially the fact that TSS is a perpetual owner, meaning it buys once and holds forever. This provides a company with a solid foundation on which to continue building its future. TSS also believes in small, nimble business units that stay close to their customers and can quickly respond to market changes as needed. Yet, at the same time, you get the benefits of belonging to a large group with a lot of experience in running successful software companies. They share their best practices, providing a smaller company like ours with new insights and inspiration that we can apply to serve our customers even more effectively.
I look forward to working with Radil Stefovski, Ivo van den Heuvel, and the TSS team and taking the next step in the journey of SelMatic as an independent company within the TSS group in the CEE region.”
SelMatic
SelMatic is a Bulgarian software and consulting company specializing in the development, implementation, and support of ERP-class business software. The solutions offer a high degree of adaptability to customer requirements, as each business has its own unique organizational structure and specific processes. SelMatic values and maintains its relationships with clients by keeping them up to date on new products and IT technology developments and organizing seminars and partnership events. SelMatic has clients primarily in the telco, retail, trading, and manufacturing verticals. Its offices are located in Plovdiv, Bulgaria.
If you are an owner of a Vertical Market Software company in Bulgaria or another CEE country and would like to know more about joining TSS, please contact:
Aleksey Mihaylov
M&A TSS
Phone: +359 877 081 071
Email: a.mihaylov@tss-vms.com
selmatic.com
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The SelMatic ERP offers a high level of customization and scalability to all types of organizations, ranging from large enterprises to SMEs. The platform supports all commercial activities, including real-time stock receiving, customs and duty, and smart inventory management (WMS), complete financial & accounting management, and a multi-step sales solution including e-commerce, customer satisfaction, and POS. The platform also features a MES module for resource planning and order management, a PIM (Product Information Management) module, BI analytics, and various other functionalities to help clients run their businesses efficiently. The ERP platform can also be used on a tablet of from mobile devices.
Radil Stefovski, Portfolio Manager at TSS: "We are pleased that we can welcome our second company to TSS in Bulgaria. It is a country with many interesting software companies and a rich IT background. We have been in contact with Dimitar Selenski, the owner, founder, and managing director, for several years and have built a strong relationship. During this time, the company has continued its solid growth path, and Dimitar thought it would be beneficial to join our group to support the continuation of its impressive journey. TSS is building a diverse and strong portfolio of software companies in the CEE region, and SelMatic is a great addition.
We have extensive experience in the retail industry and in ERP software. It will be interesting to exchange best practices in this area. General Manager Ivo van den Heuvel and I look forward to helping Dimitar and the Selmatic team familiarize themselves with the TSS way of working and exploring our best practices.
Dimitar Selenski, former owner and current Managing Director of SelMatic: "When we first met TSS, our company has been developing and growing according to plan. We were not looking for an owner, nor did we want to sell our company. Over the years, we have stayed in touch. I began to see the benefits of joining a large software holding company. Especially the fact that TSS is a perpetual owner, meaning it buys once and holds forever. This provides a company with a solid foundation on which to continue building its future. TSS also believes in small, nimble business units that stay close to their customers and can quickly respond to market changes as needed. Yet, at the same time, you get the benefits of belonging to a large group with a lot of experience in running successful software companies. They share their best practices, providing a smaller company like ours with new insights and inspiration that we can apply to serve our customers even more effectively.
I look forward to working with Radil Stefovski, Ivo van den Heuvel, and the TSS team and taking the next step in the journey of SelMatic as an independent company within the TSS group in the CEE region.”
SelMatic
SelMatic is a Bulgarian software and consulting company specializing in the development, implementation, and support of ERP-class business software. The solutions offer a high degree of adaptability to customer requirements, as each business has its own unique organizational structure and specific processes. SelMatic values and maintains its relationships with clients by keeping them up to date on new products and IT technology developments and organizing seminars and partnership events. SelMatic has clients primarily in the telco, retail, trading, and manufacturing verticals. Its offices are located in Plovdiv, Bulgaria.
If you are an owner of a Vertical Market Software company in Bulgaria or another CEE country and would like to know more about joining TSS, please contact:
Aleksey Mihaylov
M&A TSS
Phone: +359 877 081 071
Email: a.mihaylov@tss-vms.com
selmatic.com
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