Total Specific Solutions acquires a majority share of Sygnity SA in Poland

Warsaw, 16 May 2022

Total Specific Solutions (‘TSS’) has successfully acquired a controlling stake of Sygnity SA shares in the previously announced tender offer. TSS has now strengthened its position in Poland following the acquisition of Simple SA in 2021. Sygnity is a well-established vertical market solutions provider in Poland, focusing on the financial services sector, energy, utilities, industry, as well as local and central administration.
TSS has acquired a controlling stake in the business and controls the company through the Supervisory Board, where TSS direct representatives fill 4 of the 7 available positions. Sygnity SA is listed on the Warsaw Stock Exchange, and TSS intends to keep the company public in the future as well. The current management board will continue to run Sygnity on a daily basis, supported by Maciej Rozycki, Portfolio Manager at TSS, who will join the management board as CEO.
Sygnity is a leading software company in Poland with an extensive product range, offering mission-critical solutions for multiple verticals in the market. Sygnity led the technological transformation of the Polish central administrations and has expanded organically and through acquisitions in other verticals. The company has several ministries and governmental departments as customers. In addition, Sygnity is well represented in the finance and banking sector with a broad range of products for commercial and state banking systems and brokerage houses. It also serves its customers in the energy and utility verticals, with dedicated solutions supporting the domain-specific processes.
Ramon Zanders, Group CEO TSS: “We are very proud to welcome Sygnity to TSS. With this acquisition, we now have Sygnity as the platform to build a leading group of Vertical Market Software companies in Poland, using the company’s already established presence.”
Maciej Rozycki: “Poland is a country with a well-developed IT sector and a high technology standard. We have gotten more familiar with the local market after the acquisition of Simple a year ago. Sygnity is also a customer-driven company, organized into separate businesses, which is a good match with us. Sygnity will remain an independent and publicly listed platform which is expected to drive further growth in Poland. I look forward to working with Mariusz and Inga on this exciting journey.”
Mariusz Jurak, Vice President of the Management Board (COO) of Sygnity: „Partnering with an established and reputable software group, was a logical option for advancing the development of Sygnity. It will help us with our next steps as a company. We are looking forward to being part of an international group, exchanging knowledge and best practices through many types of internal programs, applying our insights to Sygnity and expanding on the Polish market. You can only achieve this in a large group with the right mindset, so we are very happy that we found the right company in TSS.“
Sygnity SA
Sygnity is one of the oldest software companies in Poland, with more than 30 years of experience in transforming and digitalizing the Polish State. Sygnity ranks among the leading IT providers. Since its inception the most prominent state and private entities have trusted Sygnity to support and maintain their mission-critical activity. Sygnity has an extensive portfolio of critical IT systems that comprehensively support the management of various industries. Their headquarters are located in Warsaw, and the company has several offices across Poland.
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