Draft:VASS (company)

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VASS is a digital solutions company headquartered in Madrid, Spain. Established in 1999, it has a presence in 26 countries in Europe, the Americas, and Asia.[1] Since 2020, VASS is majority owned by the US-based One Equity Partners (ONE).  The founder and Chairman of the company is Francisco Javier Latasa.[2]

Services[edit]

The company activity covers areas such as customer experience, cloud computing, data and artificial intelligence, cybersecurity, software engineering and banking, among others.[3]

History[edit]

VASS company was founded in 1999 by Franciso Javier Latasa, a 27-year-old Spanish economist. After working for IBM and Andersen Consulting, he founded VASS in his family home in Alcobendas with an initial capital of 500,000 pesetas (3,000 euros).[4] The company began by installing SAP systems that allowed companies to manage their human resources, financial accounting, production and logistics. The first invoice VASS issued was to Daimler Chrysler, its first client. In 2006 it opened an office in Barcelona and in 2007 in London.  From 2010 it expanded internationally to the United States, Mexico, Colombia, Chile and Peru adapting to the local market and culture of each country.[4] In 2019, it opened the Amsterdam office for business in the Netherlands.[5]

At the end of 2020, the American company One Equity Partners (OEP) took a majority stake in the company, and from then on an expansion began, acquiring technology companies and creating new ones.[6]

VASS ecosystem[edit]

The group consists of several companies specialising in different digital sectors. Serbatic, an ICT services company, was created in 2006.[7] In 2008, NATEEVO, a digital marketing company (previously Montejava and VASS Digital).[8][9] In 2011, new business lines were created: business mobility and global digital strategy, and ISO 20000 and ISO IEC 27001 certifications were obtained.[5]

In 2016 the company moved to Parque Empresarial La Moraleja (Alcobendas, Madrid).[10] In 2018 VASS created vdSHOP, a fullcommerce company.[11]

At the end of 2020, the American private equity firm One Equity Partners (OEP), specialised in mid-market, made a majority investment in the Spanish company.[12]

In 2021, the Group embarked on a period of international acquisitions: CRI Group, specialised in cybersecurity, based in Luxembourg,[13] Ecenta AG (German SAP technology and customer strategy company),[14] and Comunitek (systems and products for wholesale banking and capital markets),[15] as well as the creation of T4S Advanced Solutions (SAP consultancy).[13] In 2022, VASS Group acquires One Inside (Swiss Adobe technology company),[16] Movetia (Spanish company providing digital services to the automotive and financial sectors),[17] Hexagon Data (Mexican digital marketing automation company),[18] Zington (Swedish digital technology consultancy),[19] and Intelygenz (Spanish artificial intelligence company).[20] In 2023, VASS acquires Copilot (US software consultancy),[21] PSKinetic (UK AI integration company for the financial sector),[1] and Pia Relations (Swedish CRM and cloud services consultancy).[22]

Company details[edit]

Name of VASS[edit]

VASS means 'Value Added Services and Solutions'.[8] The abbreviation is taken from the name of the founder's grandfather, the Cádiz-born sculptor Juan Luis Vassallo, and the company logo is the first part of the artist's signature.[23] In 2020, the brand image was redesigned with the addition of the slogan 'Complex Made Simple'.

Evolution of employment[edit]

The company had 100 employees in 2002, grew to 500 in 2011, 1,000 in 2014, 2,186 in 2020,[5]  3,410 in 2022,[24] and 4.600 professionals in 2023.[1]The company was part of the ranking of the 100 best companies to work for in Spain in 2005,[5]  and has continued to do so until 2023.[24]

Turnover evolution[edit]

  • 2016 - 82,1 million euros.[10]
  • 2018 - 110 million euros.[23]
  • 2019- 135 million  euros.[6]
  • 2020- 142 million euros.[24]
  • 2022- 272,6 milion euros.[25]

References[edit]

  1. ^ a b c Bignell, Francis (2023-02-22). "VASS Integrates the Team and Business of psKINETIC, the Intelligent Automation Tech Consultancy". The Fintech Times. Retrieved 2023-11-29.
  2. ^ Group, IT Digital Media (2021-01-04). "One Equity Partners compra una participación mayoritaria de la consultora VASS | Actualidad". IT User (in Spanish). Retrieved 2023-11-29.
  3. ^ "La consultora Vass busca los 1.000 millones de euros de facturación". La Vanguardia (in Spanish). 2023-10-18. Retrieved 2023-11-29.
  4. ^ a b "Miguel María Latasa Alzuri, Director Gerente de Informática El Corte Inglés". ComputerWorld (in Spanish). 1998-01-23. Retrieved 2023-11-29.
  5. ^ a b c d Redaccion (2019-09-20). "VASS celebra su 20 aniversario: una historia de éxito de 20 años y de 2.000 historias de talento". RRHH Digital (in Spanish). Retrieved 2023-11-29.
  6. ^ a b "One Equity Partners adquiere VASS Consultoría de Sistemas". Europa Press. 2020-12-31. Retrieved 2023-11-29.
  7. ^ "Inicio - Serbatic" (in European Spanish). Retrieved 2023-11-30.
  8. ^ a b "Montejava pasa a denominarse VASS Media". Computing. 2010-10-13. Retrieved 2023-11-30.
  9. ^ "VASS Digital tiene nuevo nombre: Nateevo". VASS (in European Spanish). Retrieved 2023-11-30.
  10. ^ a b "Vass factura 81,2 millones en 2016, un 10% más". Expansión.com (in Spanish). 2017-04-03. Retrieved 2023-11-30.
  11. ^ Peris, Guillermo Peris. "vdSHOP, la empresa de Fullcommerce de Grupo VASS, premiada en la II edición de los Premios ADEFAM". Diario Siglo XXI (in Spanish). Retrieved 2023-11-30.
  12. ^ TI, Redacción Byte (2020-12-31). "VASS acelera su plan estratégico VASS@400". revistabyte.es (in Spanish). Retrieved 2023-11-30.
  13. ^ a b "VASS crece casi un 60% en 2021". ComputerWorld (in Spanish). 2022-02-10. Retrieved 2023-11-30.
  14. ^ Peris, Guillermo Peris. "VASS adquiere ECENTA AG, especializada en Sales y Commerce y con una amplia implantación en EEUU". Diario Siglo XXI (in Spanish). Retrieved 2023-11-30.
  15. ^ "VASS adquiere Comunytek para liderar la transformación digital en el sector financiero". EXPANSION (in Spanish). 2021-07-29. Retrieved 2023-11-30.
  16. ^ "VASS compra la firma suiza One Inside". Computing. 2022-04-16. Retrieved 2023-11-30.
  17. ^ "Vass adquiere la empresa de servicios digitales Movetia para seguir creciendo en Cataluña". Europa Press. 2022-05-24. Retrieved 2023-11-30.
  18. ^ Jiménez, Marimar (2022-08-02). "La española VASS compra Hexagon Data para crecer en marketing digital". Cinco Días (in Spanish). Retrieved 2023-11-30.
  19. ^ Redaccion (2022-08-12). "Francisco Javier Latasa, CEO y presidente del Grupo VASS". RRHH Digital (in Spanish). Retrieved 2023-11-30.
  20. ^ "VASS signs an agreement to acquire INTELYGENZ, a Spanish company specialized in Artificial intelligence". Intelygenz. 2022-10-27. Retrieved 2023-11-30.
  21. ^ "VASS acquires Salesforce consultancy Copilot". www.consulting.us. 2023-01-20. Retrieved 2023-11-30.
  22. ^ "Vinge biträder Zington vid förvärv av Pia Relations". www.vinge.se (in Swedish). Retrieved 2023-11-30.
  23. ^ a b "Grupo VASS, un caso de éxito a imitar". Computing. 2019-10-09. Retrieved 2023-11-30.
  24. ^ a b c "Las compras disparan la facturación de la consultora VASS". Channel Partner. 2022-02-10. Retrieved 2023-11-30.
  25. ^ "VASS supera los 270 millones de euros y registra un crecimiento del 20% en 2022". ComputerWorld (in Spanish). 2023-02-09. Retrieved 2023-11-30.
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