Munich, 24th August 2022 – Cloudflight, a leading full-service provider for digital transformation, and mobile agreements GmbH (“mogree”), a specialist for digital end to end solutions, are joining forces. mogree’s team consists of more than 60 experienced digitalization experts as well as AI and UX developers.
mogree utilizes a comprehensive consulting approach for the development of digital strategies and is characterized by excellent design skills and AI expertise paired with an outstanding service and support concept.
With this acquisition, Cloudflight expands its portfolio with mogree’s thorough approach for digitalization and AI-powered solutions. In particular, clients will benefit from mogree’s comprehensive service offering – from designing a successful strategy to developing innovative business models as well as from its know-how in UX design. Their AI expertise also enables innovative approaches to ensure clear competitive advantages.
“The merger with mogree not only strengthens our digitalization expertise, but also our position in the DACH market, in which we plan to make further targeted investments”, said Dr. Roger Kehl, CEO of Cloudflight, “Expanding our portfolio also opens up further career prospects for our highly qualified employees. mogree shares our ’employee first’ approach and will contribute valuable new impulses to our business. With the acquisition, we are also strengthening our recruiting by increasing our presence and reach in Austria with a new, strategically advantageous site in Graz – also to attract new talents.”
Markus Helmle, Director M&A at Cloudflight, added: “With the merger, we continue our systematic M&A approach. mogree helps us expand our expertise in UX design, mobile app development and AI. With award-winning design solutions, technological and strategic digital consulting, and a highly trained machine learning team, we will be able to provide our clients with even more comprehensive support for their digital transformation in the future. Culturally, mogree is also an ideal fit for Cloudflight and we are very much looking forward to joint projects.”
Sulejman Ganibegovic, CEO of mogree, agrees: “This merger with a former competitor opens up new perspectives for both companies to offer digital solutions for the complex challenges of future-oriented companies in the entire DACH market. Our know-how is an ideal fit for Cloudflight’s ambition to become the leading provider of AI solutions and a partner for digital transformation in the industrial sector.”
The merger increases Cloudflight’s staff to around 1.000 employees and expands its presence in Austria. The transaction is expected to close before the end of Q3 2022.
About Cloudflight
Cloudflight is one of the leading full-service providers for industrial digital transformation in Europe. Around 1000 visionary IT strategists, consultants, data scientists, cloud specialists, and excellent software architects help enterprises to take their digitalization to the next level. Cloudflight’s expertise includes artificial intelligence, cloud applications and operations, embedded software development, human-machine interface design, cognitive systems as well as global e-commerce solutions for B2B and B2C customers. Cloudflight delivers scalable, flexible custom software, to be implemented quickly and seamlessly by qualified IT specialists. Customers benefit from a fast return on investment, a future-proof technology stack and a significant gain in operational efficiency. For more information, please visit www.cloudflight.io.