In August 2021, the buy-out transaction of the minority stake in Jaystack Services Zrt. was successfully completed, during which the management acquired the minority stakes of two institutional investors and two private individuals.
Jaystack has been delivering customised, complex enterprise software systems using an agile software development methodology since 2011. With virtual agile teams, it supports its customers with serverless, cloud-based and platform-independent development solutions for their digital transformation, integration and migration projects.
Jaystack’s success lies in its outstanding customer service. It supports its customers with teams of highly skilled software developers and professionals who earn their customers’ trust through quality work and dedicated support.
Jaystack was founded by five IT professionals whose contributions were key to the company’s success and growth during its early days. In its first year of operation the company raised GBP 500,000 in capital investment from financial investors.
They now have a staff of 50+ members and a further 15 sub-contractors serving their clients from their London headquarters and from Hungary, working closely with DCSL GuideSmiths on sales and implementation.
In the process, management bought out two financial investors and acquired minority stakes in the company from two private individuals, giving them a majority shareholding.
Concorde MB Partners acted as exclusive transaction advisor to the buyers.
