SOFTONE acquires cosmoONE

The leading software Group acquires the majority stake of cosmoONE, the largest B2B e-procurement company

SOFTONE Group announces the acquisition of the 61,73% share of cosmoONE, a leading provider of B2B e-procurement and e-auction services in Greece, previously owned by OTE Group.

cosmoONE was established in 2000, and is essentially the only major provider in Greece specializing in B2B Electronic Procurement. The company develops a wide range of specialized solutions covering all stages of the procurement cycle, from applications for tenders and auctions, to ordering and, receiving/archiving invoices into ERP systems.

cosmoONE’s clientele includes the largest private sector companies from all industries of the economy, such as telcos, banking, insurance, industry and commerce, and many public sector entities.

Along with the recent acquisition of IMPACT, this new agreement creates a solid framework of opportunities, as the combination of cutting-edge business software applications, e-procurement and einvoicing solutions to mid and large-market enterprises, delivers significant cost savings and decisively contributes to the digital transformation of all B2B processes.

Panos Martinis, the Chief Executive Officer of the SOFTONE Group of Companies, stated: “This new agreement aligns with our strategy to invest in leading technology schemes. cosmoONE, develops and markets a series of renowned procurement-related B2B solutions that, combined with IMPACT’s and SoftOne’s solution portfolio, create solid synergies that support our vision for developing the largest business-connecting platform in the cloud. Moreover, we strengthened our capacity to penetrate the medium and large market with best-of-breed solutions, that can lead businesses to fully digitalize all of their B2B processes.”