New Frontier chose Grepton because the abilities and expertise of its staff enable the company to offer complex solutions, system integration and outsourced services on the Hungarian market, and it is in firm partnership with key players such as Microsoft, Oracle and ELO. Thanks to joining the New Frontier Group Grepton has become a member of a large organisation which, according to our strategy, will cover the entire Central Eastern European region. In this way Grepton will be able to cater to the needs of clients in several countries and to introduce systems extending to several countries. As part of this transaction New Frontier Holding signed long-term agreements with Grepton’s present owners and top management, in accordance with which the management and development of the company continues to be their task.
“Already at the very outset we had expected growth in Grepton, which was realised in the first period with great success but later, as the company grew in regard to the number of employees and its income from sales, further growth significantly slowed down. It became clear that organic growth would not be enough to realise our strategy and that we needed external help, i.e. a partner. In the past 5-6 years a number of businesses had showed interest in becoming our partners and our task was to wait for the most favourable opportunity. We said yes to NFH because it is built on a concept we can identify with, it does business in our region and not only can we contribute to building business in the region but the holding relies on our professional knowledge,” said András Süli, one of Grepton’s board members.
About New Frontier Holding
New Frontier Holding is a limited liability company established on 23 August 2006 and registered in Austria. Its objective is to build a strong Central Eastern European IT group based on a strategy of purchasing and developing smaller companies. NFH is planning to invest into 15-20 companies in the next 3-5 years, focussing on businesses that primarily deal with software solutions, services and the development of business solutions. According to plans, New Frontier Holding will operate these companies independently of each other within the framework of the NFH Group, and as a strategic consultant will support the present management in exploring new market and business opportunities.
Top management
The management of New Frontier Holding has four members, each with many years of experience in the area of IT acquired at international multinational companies and on the Central Eastern European market. Board members: Mr. Branislav Vujovic (CEO), Mr. Oliver Heinzel (Financial Director), Mr. Dejan Popovic (Development Director), Mr. Günther Meyringer (Technological Director)