HSM, one of Croatia’s leading IT companies, aims to create new value through the acquisition of IDE3 by combining complementary business models, with a focus on a shared system of values and a culture they plan to further develop. This synergy between IT companies ensures a stronger presence and competitiveness in the European and global markets.

HSM is a company with long-standing experience in the market, recognized for distributing solutions such as Adobe, for which it is the leading independent distributor in Eastern Europe, as well as implementing Salesforce CRM and Google Workspace solutions, positioning itself as one of the strongest companies in the region.

It is no surprise they chose IDE3, known for developing innovative proprietary solutions such as the FairVotes electronic voting system and specializing in fields like IT security, which is increasingly important in today’s market, as a partner for further growth and development.

“We are pleased that Ivan Hendija recognized HSM as a complementary partner with whom IDE3 shares the ambition for growth, as well as the values and culture that we will build together. From the beginning, we saw that we are united not only by technology but also by an awareness of the importance of our social engagement, like supporting the Kompići association, which we will continue to support with joint efforts,” said Jakov Urbanke, HSM's CEO.

“In HSM, we found partners who share our values, culture, and way of working. We see this collaboration as a merging of business visions, strong relationships with partners and employees, and a substantial commitment to social responsibility. Therefore, I am confident that, together, we will continue to develop projects and solutions that bring value to our employees and our customers. At the same time, we expect this synergy to open new opportunities and strengthen our competitiveness in the global market,” said Ivan Hendija, founder and CEO of IDE3.

The merger of HSM and IDE3 will enable further development and expansion of services for existing and new clients. Their joint approach to clients allows them to offer advanced solutions and deliver more complex projects, making them more relevant players in the IT services market.

“Recent acquisitions by foreign investors, which we frequently read about, confirm the quality of local IT professionals. However, I believe that local synergies have a special appeal and added value for our market. This partnership brings value to our joint clients and employees, who will work on even more innovative and high-quality projects. We owe great thanks to Mr. Ante Mandić, our mutual mentor within the Sentor entrepreneurs' club, who recognized the potential of this collaboration, as well as to the Dominiković & Osrečak law firm for their exceptional professionalism and support in our first acquisition,” added Urbanke.

The newly merged company now has nearly 60 employees, with annual revenue exceeding €20 million and clients and partners in over 30 countries. This step positions them as a more relevant partner in the IT services sector, ready for new challenges and projects that will shape the future of the industry.