FIS announces sale of Polish subsidiary
FIS has sold its nearshore development subsidiary, FIS-SST (Poland), to German-based management and IT consultancy Q_PERIOR AG. The nearshore development company, provide an out-sourced software development house with core expertise in Java, Microsoft and ABAP technologies.
In 2008, FIS acquired a majority shareholding in the Polish software development company. At the time of acquisition FIS-SST had a workforce of some 20 employees. During the 14 years of partnership with FIS the organisation has grown and now employs more than 100 consultants, software developers and project managers.
FIS-SST worked as a nearshore partner for several major European IT development projects including expertise in software migration, transitions and business portals across a wide range of industries from healthcare, recruitment services, retail and the automotive sector.
With the sale, FIS strengthens its focus on the SAP core business. FIS focuses on SAP projects and the development of efficiency solutions, promoting digitisation of processes within enterprises.
Q_PERIOR are one of Germany’s leading management consultancies, supporting enterprises in the areas of business and IT.
Q_PERIOR has acquired 100% of the shares in FIS-SST as of 9th March 2022.