Software distributer QBS Technology Group has completed the acquisition of Hungarian software distributor KSoft Korlátolt Felelősségű Társaság (KSKFT), marking a strategic move in its pursuit of achieving $1 billion in revenue by 2030.
Established in 1991, KSKFT claims to be one of Hungary’s oldest software businesses. Over the years, it has cultivated strong relationships with vendors such as JetBrains, ShareGate, Altova, and R Studio. KSKFT’s extensive portfolio spans a wide range of software products, making it a formidable regional force.
With the retirement of KSKFT’s founder and owner, QBS Technology Group is poised to usher in a new era.
Andrea Egrenyi, a seasoned leader with over eight years of service in the DACH region, will be the country manager for QBS Hungary. Egrenyi’s wealth of experience and existing responsibilities for the Hungarian market position lead the company into its next phase of growth.
QBS continues its strategic expansion with the acquisition of KSKFT, following the addition of 86 professionals through the acquisition of South Africa-based cybersecurity distributor Maxtec. These strategic moves are a testament to our commitment to global growth and our proactive approach in the software industry.
In June 2023, QBS completed a majority investment in Turkey-based cybersecurity distributor InfoNet, further solidifying its presence in the Middle East, Turkey, and Africa (META) markets.
QBS COO Kumar Bhamidipati said Hungary represents a high-potential market in the heart of Europe.
“Its growing IT sector, government support, skilled workforce, and robust infrastructure make it an attractive investment destination. By extending our software delivery capabilities to Hungary, backed by the full force of the Group, we aim to drive growth in Central and Eastern Europe.”
Andrea Egrenyi added: “With the QBS Software team in place, we now have Hungary’s largest dedicated software platform. I am committed to realising our ambitions and significantly expanding the business over the next decade.”
