Dutch ICT provider Ctac delivered growth in 2020
Business and cloud integrator, Ctac with offices in the Netherlands, Belgium, and France, increased its FY 2020 revenue compared to 2019. The provider recorded €81.8m in 2019, revenue that rose to €87.2m a year later.
Ctac is a provider focused on driving customers’ innovation through a broad solutions portfolio, including SAP and Microsoft cloud solutions, and provides services in the fields of consultancy, managed services, projects, workplace services, learning, and secondment. The Den Bosch-based provider also offers its own point of sale products, including XV Retail (commerce platform) and Omni Customer Loyalty.
Ctac’s consulting business was a significant driver for growth in Q4 of 2020, as more companies required guidance on how to navigate into the new year and further mitigate COVID-related business impacts.
Furthermore, Ctac doubled down on its M&A strategy in Q4 2019 and January 2020, with Oliver IT and Purple Square acquisitions. This led to additional growth, clients, and capabilities. With annual revenue of €6m, Oliver IT added 40 skilled employees in integration, web, and mobile solutions. Cloud migration solutions are in demand, and this is where Oliver IT’s integration, app, and mobile expertise will play a strategic role for Ctac.
The acquisition of Purple Square, which was completed in January 2020, added another 25 employees specialized in program and project management and change management. However, Ctac owns a majority stake in Purple Square for the time being, which will continue to operate under its own brand.
These acquisitions add to Ctac’s overall strategy to become a leading provider in IT modernization, connected intelligence, transformation and change management, security and trust, and business transformation. This focus is set to grow the business to achieve €100-150m revenue with the ambition to enter the Amsterdam Small-cap Index, which already contains other IT Dutch providers, including Ordina and the ICT Group.