Qvest Group Acquires Majority of tarent AG
- 24 February, 2021
GER: The Qvest Group, a leading global systems architect and integrator for media, information and communications technology, continues to expand its formation as a digital partner. With effect from February 10, 2021, the company has acquired the majority stake on tarent AG to build a strategic partnership. tarent AG is a technology partner specializing in digital consulting and software development and supports companies in the realization of digital and technology solutions.
By acquiring the majority of tarent, the Qvest Group is taking the next step in expanding its leading role as a systems architect and as a technology and digital partner in the media sector. It also enables the Qvest Group to position itself more strongly in target markets such as the corporate and the public sector. With more than 300 employees in Germany and Romania, tarent has excellent expertise in the design of scalable and flexible IT solutions such as platforms, cloud computing, microservices, loT and artificial intelligence, and is highly specialized in individual software development. tarent furthermore supports companies with business and requirements analysis, the establishment and expansion of agile workflows, and business optimization accomplished by IT audits, coaching, and prototyping.
"We are currently looking at an increasingly accelerated paradigm shift in the media world. Streaming and cloud platforms, artificial intelligence, and the growing replacement of proprietary hardware with standard IT and software components are just a few indications of the change in the technology design of media infrastructures and the associated adjustments in work processes towards more digitality and automation," said Peter Nöthen, CEO of the Qvest Group GmbH. "In the course of their digitization strategy, companies and the public sector need strong partners in innovation, change and organizational management who advise on technology-driven transformation processes and specialize in implementing customized digital solutions. This is exactly where tarent strengthens us with their dynamic teams, which stand for high innovative power, agility and software expertise. We are very pleased that the company is now part of the Qvest Group," continued Nöthen.
Boris Esser, one of the four board members of tarent AG, is convinced: "By gaining Qvest as a partner, we can strengthen our positive development and further expand it in the course of our growth strategy beyond the existing industries and customers. The combination of our joint innovative portfolios in the fields of technology and digitalization creates an extremely appealing partner for the media sector. Companies will benefit from the fact that we know the challenges of the industry and cover solutions from consulting to implementation and support. We are looking forward to the next steps together and to presenting this potential to the market.”
The management of tarent AG - Dr. Stefan Barth, Kai Ebenrett, Boris Esser and Alexander Steeg - will continue to run the business. Together with the Qvest management, they will leverage their activities in the media, corporate and public sector and roll out tarent services across the Qvest Group's worldwide locations.