Leading Atlassian Champion: STAGIL becomes part of TIMETOACT GROUP

Cologne/Wiesbaden, July 6, 2023 - TIMETOACT GROUP, a leading provider of IT services for upper mid-sized companies, corporations and public institutions, acquires STAGIL, one of Germany's largest Atlassian Platinum and Enterprise Solution Partners: with this acquisition, TIMETOACT GROUP's Atlassian consulting portfolio, managed under the catworkx brand, moves up into the top league in the German-speaking region. The former STAGIL managing director Björn Frauen becomes co-managing director of catworkx Germany in the course of the merger. He will also become a shareholder in TIMETOACT GROUP. The parties have agreed not to disclose details of the transaction.

The TIMETOACT GROUP, headquartered in Cologne, Germany, comprises specialized IT companies at 17 locations in Germany, Austria and Switzerland, as well as in Latvia, Malaysia, Singapore and the USA. With over 1,100 employees and a comprehensive portfolio of software and consulting services, the digitization expert primarily targets medium-sized and large companies from the industrial, financial and service sectors as well as public sector institutions. As a brand of the TIMETOACT GROUP, catworkx stands for one of the largest Atlassian Platinum and Enterprise Solution Partners in the German-speaking region, with locations in Germany, Austria as well as Switzerland. catworkx leads all Atlassian specializations "Agile at Scale", "Cloud" and "ITSM".

The merger of STAGIL with catworkx and the combination with the TIMETOACT and brainbits Atlassian experts creates catworkx, by far the most important Atlassian Platinum and Enterprise Solution Partner in the German-speaking region. With its approximately 170 accredited and certified employees, catworkx is one of the Atlassian Top Partners worldwide and continues to hold a seat on the Atlassian Partner Advisory Council.

The acquisition of STAGIL is already the sixth successfully realized acquisition for TIMETOACT GROUP since the majority investment of the funds advised by Equistone Partners Europe in June 2021 and marks another important growth step for the group.

"By joining forces with catworkx and brainbits, we jump to first place among German-speaking Atlassian partners, including cloud, ITSM and agile consulting. Together with TIMETOACT GROUP, we can offer our customers even better integration with other tool suites, such as SAP, Microsoft and Google. At the same time, we are also expanding our English-speaking market as a result. I am very much looking forward to the collaboration and exciting new Atlassian projects," says Björn Frauen, co-managing director at STAGIL.

"Together with STAGIL, catworkx joins the top league of the most important Atlassian consultancies. With excellent know-how, geographical presence in Germany and the USA, and app applications for the Atlassian marketplace, STAGIL is the ideal addition to our portfolio. The same applies to Björn Frauen as the new catworkx co-managing director - together with Michael Lüer, he will drive the company's further development. We are particularly pleased to have the Ukrainian development team of STAGIL on board with immediate effect and to support the employees there", says Frank Fuchs, Co-Managing Director of TIMETOACT GROUP.

Felix Binsack, Co-Managing Director of TIMETOACT GROUP, adds, "With the introduction of agile organizational forms and ways of working, the shift to the cloud is accelerated and intensified at our customers. STAGIL is a leader in the Atlassian ecosystem in transforming business processes to the cloud, making it a first-class addition to our catworkx team. In addition, we are very excited to work with STAGIL's US office to expand our group's presence in North America."

Michael Lüer, Managing Director of catworkx added, "Through the merger, we are gaining a highly dynamic team at catworkx. The employees and management of STAGIL have already successfully proven in the past that they can implement the vision of growth, professionalism and modern working within a very short time. This ideally supports our ambition to be a leader in the Atlassian market."

Responsible for the transaction on the part of TIMETOACT GROUP are Frank Fuchs and Christian Koch. TIMETOACT GROUP was advised in the transaction by AC CHRISTES & PART-NER (Financial & Tax), de Angelis Rechtsanwälte (Legal), wdp (Commercial), P+P Pöllath & Partners (Legal), Pinsent Masons (Legal, Antitrust) as well as Goodwin Procter (Legal, Debt). The STAGIL shareholders were advised on the transaction by Hampleton Partners (M&A) and GvW Graf von Westphalen (Legal).

TIMETOACT GROUP modernizes and integrates IT applications for upper mid-sized companies and corporations in order to increase their agility, efficiency and transparency. For innovative customers, TIMETOACT GROUP also designs and implements digital business models and opens up new market opportunities for them. Services include: Consulting, Cloud Transformation, Data-, Software- and System-Engineering in the environment of Employee Experience, Business Applications and Customer Experience. TIMETOACT GROUP networks its own expertise with partners and leading manufacturers to develop custom-fit solutions for customers - including software selection, consulting and licensing. The TIMETOACT GROUP includes the IT companies ARS, brainbits, catworkx, CLOUDPILOTS, IPG, novaCapta, PKS, synaigy, target Software Solution, TIMETOACT, Walldorf Consulting and X-INTEGRATE. Together, they employ over 1,100 people at 17 locations in Germany, Austria and Switzerland, in service hubs in Latvia, Malaysia and Singapore, and in a sales hub in the USA.

Further information can be found at https://timetoact-group.com/

As an Atlassian Platinum Enterprise Solution Partner, STAGIL supports companies and teams of diverse industries, sizes and areas around Atlassian products such as Jira, Confluence and Bitbucket. In addition to specializations in agile product development, service management, project management and process digitization, STAGIL has industry-specific knowledge, particularly in the areas of automotive, automation, finance, insurance, production, e-commerce, IT service & operations and software development. The portfolio ranges from requirements analysis, concept and design to configuration, implementation, integration, in-house app development, as well as training and daily support.

For more information, please visit https://www.stagil.com/

catworkx is one of the largest Atlassian Platinum and Enterprise Solution Partners in the DACH region, with locations in Germany (Hamburg, Cologne, Stuttgart, Munich), Austria (Vienna) and Switzerland (Winterthur, Lucerne), specializing 100 percent in Atlassian solutions. We are an Atlassian partner and marketplace app provider from the very beginning and have been one of the leading service providers in German-speaking countries since 2002.

Our service offering, for the entire Atlassian product range, is holistic and includes process consulting and implementation, app development, platform solutions for operations, official Atlassian training, and comprehensive licensing services. In addition, catworkx is the manufacturer of the enterprise product family "Teamworkx".

For more information, please visit https://www.catworkx.com