German IT services provider Dataciders said it has acquired Bulgarian IT services provider ROITI, which offers end-to-end consulting services in the field of data and Artificial Intelligence (AI).

The deal is expected to strengthen Dataciders’ end-customer diversification and to further expand the company’s customer base.

“The acquisition will help Dataciders to further expand its customer base in the energy & utilities market in the DACH region and strengthen its position in ETRM. ROITI brings an experienced team of more than 90 consultants and developers, mainly serving large customers in Europe, especially in Germany and Switzerland. Through its in-depth expertise with the two ETRM platforms Endur and Molecule, ROITI also expands Dataciders' existing technology portfolio, particularly in the area of ETRM,” Dataciders said in a press release on its website.

“The merger with Dataciders offers us three key opportunities: access to new and larger clients, access to new competencies and more opportunities to scale our business. We can realize these goals in the company of like-minded people with different backgrounds and experiences, which allows us to challenge each other and become better together,” ROITI’s managing partner Ventsislav Topuzov noted in the press release.

ROITI’s client portfolio includes mainly large European clients, focusing on Germany and Switzerland.