- With the acquisition of the company, knowmad mood lands in Germany and expands its international business with high-potential markets
- knowmad mood generated revenues of 168.1 million euros in 2023, an increase of 30% compared to the previous year
knowmad mood, a leading technology consultancy firm in digital transformation solutions, announces the acquisition of German software developer and consultancy firm ASERVO Software GmbH specializing in software development infrastructures. With this purchase, the Spanish firm lands in Germany, a market with high potential, and strengthens its position in the German market ALM and DevOps. In addition, with this new milestone it is making progress in its international expansion process, which is part of its 2021-2024 strategic plan, initiated in recent years with the opening of offices hubs outside Spain and the acquisition of the British technology consultancy firm New Verve Consulting in 2022.
“With the acquisition of ASERVO Software, we are strengthening our global capabilities in the ALM and DevOps world and fulfilling our strategic goal of entering the German market, and from there Switzerland and Austria, with a company with 14.3 million in revenues in the last year, with whom we expect to achieve very important all-around synergies from the very first minute. We are also confident that the cultural fit between the two companies will be excellent, enabling us to quickly generate business synergies for both companies. For all these reasons, we are delighted to welcome all the professionals that make up ASERVO Software to our company. From today we are part of the same team. Willkommen an Bord!” says José Manuel Rufino Fernández, president and CEO of knowmad mood.
About ASERVO Software
ASERVO Software GmbH, based in Munich, with a turnover of 14.3 million in 2023, has more than ten years of experience in enterprise software development and is a partner of leading manufacturers Atlassian, Gitlab and Sonatype. Its team specializes in process migrations, installations and operations, especially in CI, CD and DevOps, and offers expert technical support and additional end-to-end services such as consulting and training. Since its foundation in 2004, ASERVO has been working with more than 150 customers, mainly in Germany, Austria and Switzerland .
“The entire team is excited to represent knowmad mood in the DACH region” says Rainer Heinold, ASERVO Software’s newly appointed CEO. “The interaction and access with our new colleagues and the existing solutions of knowmad mood based on 30-years of history will allow us to grow ASERVO Software into a key player in all German speaking countries for all aspects of DevSecOps. Our customers and prospects will have access to additional knowledge for growing their business and benefit significantly from this decision”.
“I’m convinced that ASERVO Software has a great future ahead” says Richard Mayr, founder, and former CEO of ASERVO Software. “The past 20 years have been a great experience, and I’m excited we found the right partner with knowmad mood for the opportunities ahead”.
Our 2023 results
knowmad mood ended the financial year 2023 with a turnover of 168.1 million euros, which represents a growth of 30% compared to last year. These positive financial results are the result of the company’s 2021-2024 strategy, aimed not only at national and international expansion, but also at positioning itself as a top company in the sector and a leader in the creation of professional opportunities for technological talent, as well as maximizing the portfolio of services it offers to all its customers around the world.
In addition, the company has started the year with another milestone with its plans for national expansion with the recent acquisition of the technology consultancy Interwor, experts in IT infrastructure, communications and security services.
