2020
Innova Capital will support STX Next in its mission to digitize the economy
STX Next, Europe's largest software house specialising in Python software development, which supports international clients in their digital transformation, has acquired a strong investor - a private equity fund advised by Innova Capital. The parties have not revealed the transaction value.
Gaining an investor will contribute to the acceleration of the Polish company’s development, which, thanks to its innovative approach and the high quality of provided services, has found wide recognition from clients on the highly competitive Western European and US markets. The current CEO and Founder of STX Next, Maciej Dziergwa, will remain with the company, both as a shareholder and CEO. For Innova Capital the transaction means an additional investment in the technology sector, this time in the field of latest generation IT services. This segment of the IT market is one of the main beneficiaries of global digital transformation processes, faced by most companies from a growing number of industries.
The company has built a strong market position through its experience in implementing high technology projects for the financial services and technologies, marketing and media, retail and consumer products, healthcare and real estate segments. With more than 15 years of operations, it has completed over 350 projects for approximately 130 clients. In addition to its core software services business, STX Next has in recent years expanded its competences in specialized services including DevOps, Machine Learning, Data Engineering and Product Design.
"We have formidable know-how and experience, as well as an appetite to develop the company with our partner, Innova Capital, at an even faster pace. I am looking forward to our cooperation, because it is undoubtedly one of the most interesting and promising IT investment projects in Poland over the last few years" said Maciej Dziergwa, Chairman, STX Next.
“The global market for new generation IT services is large, and its growth is driven by the increasing number and complexity of customers' needs associated with their digital transformation. In such an ecosystem, success on a bigger scale can be achieved by businesses and teams that are able to differentiate themselves, and then best identify and meet those needs. STX Next, thanks to its scale and experienced team, is one of the best platforms in the region, capable of further dynamic development and expansion of services. The company's growth trajectory is impressive, and I believe that Innova Capital's commitment will contribute to new spectacular wins for STX Next" stated Michał Wojdyła, Managing Director at Innova Capital.
STX Next’s key goal for the coming years is to continue growth in markets such as the UK and the US, by strengthening relations with existing customers and acquiring new orders in sectors where the company has accumulated experience. Additionally, the company wants to increase headcount severalfold, develop new specialized services, and expand into new foreign markets, including through mergers and acquisitions.
STX Next is one of the highest-rated companies providing Python language solutions in the world (according to Clutch) and also features in the rankings of the fastest-growing businesses in Europe – "Financial Times 1000" and Deloitte Fast 50. The company has received awards in prestigious Polish employer branding contests, including the "Employer Branding Excellence Awards".
About STX NEXT
STX NEXT is the largest software house in Europe specialising in designing and creating digital solutions in the Python programming language. The company has been operating since 2005 and cooperates with over 330 people through 5 offices in Poland. STX's clients include leading international corporations, small and medium enterprises as well as the most innovative start-ups from around the world.
