In a significant strategic move, ASEE Group is pleased to announce its acquisition of major stake in Dwelt, leading software provider for the utility sector. Coming together of the two companies marks an important milestone in the evolution of billing and financial technology services landscape, not only in South Eastern Europe, but also in the region.

With this acquisition, ASEE strengthens its portfolio within the utility, telecommunications and billing related industries.  By joining forces and extending already started cooperation on some projects, both companies will more efficiently continue on with consolidating the offering for their customers and position the Group as a regional market leader. The acquisition is in line with ASEE’s business expansion strategy to continuously offer its customers the most advanced products and services.

“Stefan and the entire Dwelt team shares the same vision on how to evolve the digital transformation in the region. Their strong knowledge of the latest tech trends, deep understanding of the utility business will result in creating a diversified and advanced portfolio of billing, smart metering and financial technology services in the Group. Operating under one umbrella, we will be focused on broadening the global footprint of the utility solutions, extending its services to a more expansive clientele across diverse industries.” Said Piotr Jeleński ASEE CEO.

“Dwelt exemplifies the art of creating a company from scratch, a high-tech startup specialized in the development of a modular product, tailored for a specific sector, earning significant regional and international market recognition in the process. The main goal has consistently been to establish something unique and enduring within Bosnia and Herzegovina; an organisation that will leave its mark in the technological landscape, shape and influence the development of the local technological and startup ecosystem” says Stefan Krneta, Founder and CEO of Dwelt.

About Dwelt:

Dwelt is a software platform tech provider for the utility sector and smart metering, proudly holding the title of the fastest growing IT startup company in Bosnia and Herzegovina. It’s Platform X, characterised by modern architecture, flexibility and agileness, provides the next generation operating system for utilities. This innovative platform propels digital transformation of the entire energy and utility sector, empowering organizations to navigate the modern landscape seamlessly.

In recent years, Dwelt has won significant awards and noteworthy acclaims that underscore its commitment to advance technology in the utility sector:

• The best startup in the CEE region at the biggest startup and tech conference, PODIM
• Entrepreneurial Excellence Award by Deloitte
• Listed as one of the best green energy startup in Europe by Valuer.ai

About ASEE:

ASEE Group is one of the biggest IT companies in the area of production and implementation of its own software solutions and services in the region of Southeastern Europe, Turkey, Spain, Portugal, Andorra, Colombia, Peru, Dominican Republic, Slovakia and Czech Republic. The Company provides ICT solutions for various industry verticals including the financial sector, payment sector, public administration and telecoms. The company provides products and services within Payment business under Payten name. Since October 2009, the shares of Asseco South Eastern Europe (WSE: ASEECOSEE, ASE) have been listed on the Warsaw Stock Exchange.  ASEE Group employs over 3,800 people in 23 countries. More than 10 banks out of the 15 largest ones in Southeastern Europe are already clients of ASEE.

ASEE is part of Asseco Group, one of the top ten software vendors in Europe, which offers comprehensive, proprietary IT solutions for all sectors of the economy. Own solutions account for over half of Asseco Group total sales revenues. The Asseco Group operates in most of the European countries, Israel, USA, Africa, Japan and Canada. Companies of Asseco Group are listed on the Warsaw Stock Exchange, TelAviv Stock Exchange and American NASDAQ Global Markets.