In May 2025, the sale of 100% of the shares of Revolution Software Kft., a leading player in the Hungarian ERP market to Seyfor, a.s. was completed.
Revolution Software Kft., headquartered in Budapest, was founded in 1992 and specializes in delivering high-quality ERP systems for mid-sized businesses. Its core products include its proprietary deep.erp solution as well as the implementation of Microsoft Dynamics 365 Business Central. The company is known for its commitment to quality and innovation, serving over 3,000 customers. The company employs approximately 70 professionals and generated revenues of 6.3 million euros in 2024.
Seyfor, a.s. is a leading European provider of ICT solutions. With a team of over 1,900 professionals, the company serves clients in 38 countries across Europe. Seyfor ranks among the fastest-growing IT companies in the region and is the largest developer of accounting, ERP, payroll, and HR systems in the Czech Republic, with an expanding footprint in international markets. The company’s sustained growth is supported by a consistent acquisition strategy, having completed numerous transactions across Europe to enhance its portfolio and strengthen its competitive position both domestically and abroad. Seyfor is jointly owned by the Slovak investment firm Sandberg Capital and Czech entrepreneur Martin Cígler. The company was founded in the Czech Republic in 1990 as Cígler Software and operated under the Solitea brand between 2017 and 2022.
Concorde MB Partners acted as exclusive transaction advisor to the Seller.