Sciant

Sciant

Sciant is a startup product company working on providing suite for QA automation.

HQ location
Sofia, Bulgaria
Website
Launch date
Employees
Company register number
203943638
Recent deals
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DateInvestorsAmountRound
investor

€0.0

round
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N/A

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Growth Equity VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
EUR201620172018201920202021
Revenues000000000000000000000000
% growth-96 %88 %50 %(6 %)59 %
EBITDA000000000000000000000000
% EBITDA margin16 %10 %10 %10 %3 %17 %
Profit000000000000000000000000
% profit margin14 %6 %8 %7 %(1 %)13 %
EV000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget000000000000000000000000

Source: Company filings or news article

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More about Sciant
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Sciant is an IT solutions provider established in 2016 by co-founders Angel Mitev and Nikola Toshev. The company is headquartered in Sofia, Bulgaria, with additional offices in other Bulgarian cities and Tirana, Albania. Angel Mitev, an entrepreneur with over two decades of experience in IT and logistics, has a background that includes several successful business exits to companies like VMWare, Uber, and Sirma Group.

The firm specializes in developing and integrating IT solutions for specific industries, primarily focusing on Travel and Hospitality, Transportation and Logistics, and Fintech and Banking. Its client base is diverse, ranging from large global enterprises to fast-growing startups. Sciant's business model is centered on providing custom software development and IT services. This includes building solutions that leverage big data, business intelligence, machine learning, and blockchain technologies. A significant part of their work involves creating robust integrations for both modern digital platforms and existing legacy systems. The company's offerings span custom application development using technologies like Java and Python, web development, database design, API integrations, and quality assurance testing.

A key milestone in Sciant's history was its acquisition by Sirma Group Holding. The process began in November 2021 with Sirma acquiring a majority stake and was finalized in April 2023 when Sirma purchased the remaining shares, making Sciant a fully-owned subsidiary. This acquisition was a strategic move for Sirma Group to enter new vertical markets, particularly in transportation, logistics, and hospitality, where Sciant has a strong reputation and a portfolio of international clients. Following the acquisition, Sciant continues to operate as an independent entity, maintaining its management team and focus while benefiting from the larger group's resources. The firm has also pursued its own growth, such as acquiring the Albanian IT company ReSolutions in October 2022 to expand its team and service capabilities.

Keywords: IT solutions, software development, system integration, travel technology, hospitality IT, logistics technology, fintech solutions, banking IT, big data analytics, business intelligence, machine learning services, blockchain development, legacy system integration, API development, custom software, Sirma Group, Angel Mitev, transportation management software, hotel technology solutions, financial services IT

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Investments by Sciant

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ReSolutions
ACQUISITION by Sciant Oct 2022