British investment in Georgian IT company, Centigen Soft Becomes Largest Shareholder of Apollo 11
In early December 2020, Georgian software company Apollo 11 and British consulting company Centigen Soft signed a significant agreement, according to which Centigen Soft became the largest shareholder of Apollo 11.
A leading IT consulting company based in Britain, Centigen Soft assists medium and large corporations in the international market in digital transformation. The company focuses on the development and implementation of business automation using artificial intelligence (AI), IoT, and Machine Learning.
As noted in Centigen Soft, investing in a Georgian company is also an important milestone for the British company.
“We are delighted to announce that in December 2020, Centigen Soft acquired a majority shareholding in a leading Georgian software company, Apollo 11.
After several years of cooperation with the Apollo 11 team and a number of successful projects, we have decided to make Centigen Soft the largest shareholder in Apollo 11. The Apollo 11 team has the knowledge, experience, and quality of management that fully meets international standards. Through this investment, Centigen will be able to expand its capacity to deliver digital transformations projects for corporations across a number of international markets. ” - says Berdia Qamarauli, CEO and Founder of Centigen Soft.
This investment is the first of its kind between a UK consultancy business and a Georgian software development company. The founders of Apollo 11 believe that this step will have a positive impact on the development of the Georgian IT sector and will export Georgian intellectual resources to the international market on an even larger scale.
“Centigen Soft’s vast IT experience on the one hand and Apollo 11’s highly specialized IT team on the other represents an ideal synthesis that creates a unique opportunity for us to establish ourselves as one of the most competitive players in the international market,” says Irakli Svanidze, Managing Partner of Apollo 11.
As noted in Apollo 11, after many years of cooperation, Centigen Soft offered them the opportunity to take a successful partnership to the next level. They strongly believe that this step will yield future success for both companies. Most importantly, this milestone will have a positive impact on the development of the Georgian IT sector and will promote the introduction of Georgian intellectual resources to the international market.
Together with Apollo 11, Centigen Soft plans to reinforce its position in the international market. The company is planning to launch its own SaaS and Open Source products, which will be available in the international market in 2021.