Food2u, Vcentral and Spec: Mergers & Acquisitions Tech Startups May

Integral service around a transaction
BY : Diego GutiérrezJune Wed, 2015
According to an International TechTalk report, the technology industry generated $84,000M in mergers and acquisitions during the first quarter of 2015. Companies want to grow at a time when there is so much competition in the market. Below we detail the M&A operations that have had Spanish companies as protagonists in May.

m&a technology sector may


JustEat buys Food2u

Just Eat has acquired the Spanish mobile food delivery app Food2U to strengthen Just Eat's position in the online food delivery market.

Food2U's operation is based on the geolocation of the user's device to offer information about the restaurants that serve in the area from which the query is made.

Since the creation of Food2u, the startup has expanded its growth throughout Spain, covering establishments in Madrid, Barcelona, Seville, Valencia, Zaragoza, Malaga and Palma.

For its part, Just Eat continues its expansion into new countries and acquisitions of companies that boost its trajectory in the market.

"The hunger for acquisitions in the $27 billion online food delivery sector remains unquenched, and this year we have already seen purchases such as those made by the German group Rocket Internet, including La Nevera Roja," says Diego Gutierrez from Abra-Invest.

 Jesús Rebollo, managing director of Just Eat in Spain, stated a few months ago that in the food delivery business it is key to generate economies of scale, as it is necessary to reach a sufficiently large volume to generate the necessary profit to survive.

SoyDigital buys Vcentral

Soydigital Networka company that offers customer services has bought the Spanish app.a Vcentral which allows you to configure virtual switchboards on a smartphone or tablet.

The agreement covers the acquisition of the app, the web version and the portfolio of active customers.

 The app that won an award at the Platinum Contact Center Awards as the best navigation solution in 2013, has more than one hundred active companies that, after the agreement, join SoyDigital's portfolio.

Spec merges with Octime

The Catalan company SPECspecialising in the development of time and attendance and access control software, has merged with the French software maker OCTIME to create a group specialising in the time and attendance and access control sector.

 The SPEC Group has more than 35 years of experience and has its own offices in Portugal and Argentina. It also has strategic partners in several countries in Europe, North Africa and the Middle East. It currently has more than 4,000 clients worldwide.

"The objective of the merger is to increase and strengthen our product and service offering to become a benchmark company in access management software," says Diego Gutierrez.


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