Total Specific Solutions acquires a majority share of Simple SA in Poland
Mar 01, 2021 • Poland Back to all transactions
Warsaw, 1 March 2021. – Total Specific Solutions (‘TSS’) has successfully acquired the anticipated majority of Simple SA shares in the previously announced tender offer. TSS has now expanded into Poland. Simple SA is a well-established vertical market software platform in Poland, with a position in the public segment, especially within Universities, Hospitals, and Scientific Institutions. In addition, Simple has a position in the ERP software space for production, trade, and service enterprises.
TSS has acquired 84.13% of issued Simple shares and now controls Simple through the Supervisory Board, where TSS representatives fill 3 of the 5 available positions. Simple SA is currently listed on the Warsaw Stock Exchange, but TSS ultimately aims to delist the company in the near future. The current management board will continue to run Simple on a daily basis.
Simple SA is a leading software company in Poland with an extensive product range offering mission-critical solutions for multiple verticals in the market. Originally founded as a horizontal ERP software provider, it has expanded organically and through targeted acquisitions in several public verticals. The company is particularly strong in the Educational space, with many Polish Universities and Scientific Institutes as customers. The solution for the educational sector (Student Information System) focuses on all aspects of student services such as didactics, class planning and recruitment process. In addition, Simple SA has a subsidiary that provides Hospital Information Systems. Their Healthcare Information System (HIS) allows for managing treatment and medical records of patients, including fund settlements with the insurer. As their software range originated as an ERP solution, they service additional markets providing software for HR, finance, production, and budgeting processes.
Ramon Zanders, Group CEO at Total Specific Solutions: "We are very proud to welcome Simple to TSS. It is our first acquisition in Poland, a country with a well-developed IT sector and a high technology standard. With this acquisition, we strengthen our position in, for example, the educational vertical. This is the fifth company in the education vertical TSS acquired in the recent past and we have a nice spread within the different types of education that our companies cover. Simple is perfectly complementary to ergovia and easySoft in Germany and Ping Pong in Sweden. As a listed company, Simple has been results-driven, which fits our way of doing business. They are also customer-driven, which is a good match with us. I look forward to working with Rafa? and Daniel in becoming an independent business unit of TSS.”
Rafal Wnorowski, Managing Director of Simple: "We are looking forward to being part of a large software group that places emphasis on customers and results, basically on doing the right things right. This will help us with our next steps as a Company. Having access to all the knowledge of more than 3,000 colleagues will strengthen us as a company. Knowledge sharing through best practices and many types of internal programs is something you only can achieve in a large group with the right mindset. So, we are very happy that we found the right company in TSS for our future."
Simple is one of the oldest software companies in Poland with more than 30 years of experience in software development and knowledge and they rank among the leading IT providers. Since its inception, 3,500 companies and institutions have trusted SIMPLE. More than 25,000 users use SIMPLE software to achieve their daily business goals. Simple has an extensive portfolio of innovative IT systems that comprehensively supports management in various industries. The office is in Warsaw, Poland.