A significant player in the field of IT specialist outsourcing is growing on the Czech-Slovak market. Titans freelancers, a Slovak leader in this field, buys a majority in the successful Czech company Bridgewater focused on finding and recommending IT specialists. “Our common vision is to build a leader in IT outsourcing in the Central European region,” says Titans co-owner Róbert Dusík.
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The cumulative sales of Titans freelancers and Bridgewater should exceed half a billion crowns this year.
Titans freelancers buy a majority in Bridgewater from Topelex, whose majority owner Milan Procházka built Bridgewater with Jakub Konečný from the very beginning. Konecny in the company remains in the role of co-owner, he will continue to manage the Czech entity and participate in further expansion.
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“The merger of Bridgewater and Titans freelancers creates an international player that will offer clients and candidates a complete service not only in one country, but soon throughout Europe,” says Konečný. “Bridgewater is a fast-growing company that has managed to build its position as one of the most stable IT outsourcing companies on the Czech market in less than four years,” adds Dusík.
Titans freelancers are aiming for rapid growth, so in April they attracted an investor, the Slovak fund Sandberg Capital, which acquired a minority stake in the company. “Bridgewater was the number one priority in planning for future expansion. Both companies have a similar culture and vision and together we have identified a number of synergies, “said Matej Klenovský, Investment Manager of the Sandberg Capital Fund.
Titans freelancers was founded in 2013 and has become a Slovak leader in its industry. Its customers include companies with their own IT team, which need to temporarily strengthen their capacity to implement IT projects. Founded in 2017, Bridgewater employs thirty recruitment experts.
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