Aquila Software Completes Acquisition of Croatian Software Services Provider, IN2 Group

Miami, FL – January 5, 2018 – Aquila Software (“Aquila”) announced today the completed acquisition of the IN2 Group (“IN2”), headquartered in Zagreb, Croatia. IN2 is a leading software solution in the Government, Finance, Insurance, Healthcare, Corporate, and various other vertical industries in the Adriatic region.

“The acquisition of IN2 provides a continued step in our commitment to the IT solutions within the region. We are excited about the quality of IN2’s team members and clients. What IN2 has accomplished over the past 25 years is tremendous and we hope to build upon their accomplishments within the territory,” remarked Mike Byrne, Chief Executive Officer of Aquila Software.

Ante Mandić, Founder and Chairman of the IN2 Board, said, “IN2 is one of the first major Croatian software-only companies. Our growth has contributed to the creation of the IT market, as well as trends within the industry. In the past 25 years, we have made a mark with our solutions in both the private and public sectors. My wish is that IN2 becomes a truly global company in the coming years. I believe our new owner and strategic partner, Aquila Software, is the right choice for this new significant phase in the company’s lifecycle. Finally, and just as important, clients in the Croatian market and region remain IN2’s focus.”

About Aquila Software:
Aquila has focused on providing great solutions to Housing & Real Estate, Finance & Banking, and Travel throughout North America and Europe. Aquila’s businesses focus on long term relationships where our solutions evolve with our client’s business needs. Further information about Aquila may be obtained through their website at www.aquilasw.com

About IN2 Group:
IN2 Group was established in 1992 in Zagreb, Croatia. Today it is one of the largest software companies in Central and Eastern Europe. The company specializes in the development, implementation, and support of customized software solutions, as well as IN2 proprietary products and standard software solutions – both in the public and private sector. IN2 is based in 7 different countries in the region and employs more than 650 employees in 13 companies. For more information regarding the IN2 Group, visit their website at www.in2.hr/en


Contact:

Steve Richards
Chief Financial Officer
Aquila Software
srichards@aquilasw.com

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