The German specialist for business process management, GBTEC Software + Consulting AG, and imatia Innovation, Spanish provider of business software, establish a joint subsidiary. On January 17, Gregor Greinke, CEO at GBTEC, and his counterpart at imatia, Prof. Dr. Fernando Vazquez, signed the founding papers of GBTEC Software, S.L. The joint venture enhances an existing cooperation that serves the development of business process and risk management software.
For GBTEC, a software vendor with over 130 employees at its offices in Bochum and Munich, Germany, the new company GBTEC Software, S.L means a further step into internationalization. The joint venture, at which GBTEC holds a controlling share, will coordinate the activities in Spanish speaking countries. By opening its software portfolio to these markets, the company plans with a steady growth of international sales. Additionally, GBTEC Software, S.L will give new incentives for the constant development of BIC Cloud Workflow and BIC Cloud GRC, a specialist software for governance, risk, and compliance. At the beginning of its operations, the joint venture already opens its offices in two Spanish locations: at the headquarter of imatia in La Coruna and in Vigo.
With the BPM suite BIC Cloud, GBTEC offers a market leading software for business process management in Germany. BIC Cloud supports companies with the software-assisted optimization of business processes and thus serves as accelerator for digital transformation. As a leading provider of digitalization solutions in the Spanish speaking markets, imatia also holds many years of experience in BPM. The Galician company with more than 150 employees in Spain and Brazil has an experienced development team.
Greinke says that the joint venture is a logical consequence of this cooperation. He highlights: ”imatia enjoys an outstanding reputation in the area of business process automation and is, for many years now, a highly trustworthy partner of GBTEC. I am convinced that we made the right decision to the combine our knowledge and competencies. With the founding of a transnational joint venture, we are on the course for steady growth in the international market. Especially the worldwide growth in Spanish speaking countries will be accelerated."
Vázquez believes that this collaboration will also help imatia in its internationalization process, commenting: "GBTEC Software, S.L offers us the opportunity to combine the synergies of both companies, in the development of software as well as in the commercialization of products. This provides multiple opportunities for the joint future development of GBTEC and imatia."