Events and Summits are one of the means to bring people together and share insights. Take, for example, the TSS Summit in Malaga; our new companies meet colleagues from different countries and verticals, experience the open character of TSS, and the overall willingness to share knowledge and help each other.
Another event in 2022 was the TSS M&A training in Warsaw where dozens of TSS investment professionals from across Europe joined for the multi-day event organized by our colleagues from Sygnity S.A. and TSS. We had experienced TSS colleagues, members of the leadership team and colleagues from Constellation Software Inc. present keynote & break-out presentations.
We are very excited that we have 28 new software companies from 13 countries joining TSS over the past year in Europe. We strengthened our positions in the Netherlands, Poland, Finland, Spain, Denmark, Italy, and Germany. Plus, we acquired our second business in Poland, where Sygnity joined us. Sygnity SA is one of Poland's largest software companies, with 900 employees. It was founded more than 30 years ago and has since successfully evolved into a mission-critical system supplier to Public and Private verticals. Sygnity has been listed on the Warsaw Stock Exchange for more than 26 years. TSS acquired a controlling stake in the company in Q2 2022, while a significant minority remains publicly traded. In the future, Sygnity will be the main platform for further organic and M&A-driven expansion in the region under its own banner.
During the summer of 2022, we acquired our first three businesses in Portugal: Algardata, Edubox, and Lusoinfo. Edubox and Lusoinfo have a strong position in the education and (local) government software market. Algardata is a leading software provider of dedicated business solutions and services to multiple verticals such as hospitality, retail, logistics, and agriculture. The acquisition of these businesses has given us a solid foundation to continue our journey in Portugal, as more than 130 people have joined the TSS family through these acquisitions. 2022 Acquistions
- United Kingdom
TSS operates a decentralized business model, meaning that the different companies retain a high level of business autonomy while benefitting from certain centralized services and expertise, such as finance and M&A. Our 'Software for Life' philosophy entails that we support the management of the businesses through best practices allowing them to ensure the relevance of their software solutions for their end markets. Our best practices assist them in developing and improving their software continuously, implementing the necessary changes to comply with the new market or legislative requirements, and ensuring that the needed technological advancements are based on customer-driven needs. Furthermore, within TSS, we are focused extensively on talent development and organizational improvement. We aim to provide all our employees with a challenging working environment and ample career opportunities for our highly skilled specialists.
TSS is continuously seeking new opportunities to add value to our existing vertical markets and geographies and is equally excited to explore new verticals and geographies when great opportunities present themselves. We work with high levels of confidentiality and discretion.