Four eighty, a company established in Spaitec, has closed the acquisition of two leading technology companies, Asintec y Sophisticated, accompanied by a round of financing with the entry of new partners, in compliance with its strategic plan after a year of work. An inorganic growth that means increasing its turnover to 5 million euros, Ebitda to 1 million and staff to 80 people. The objective is to complete its preparation to go on the Alternative Stock Market (MAB).
The Castellón company, founded by former students of the Universitat Jaume I Sergio Aguado and Alfredo Cebrián, thus continues in the line of their particular unstoppable growth in the technological development sector.
With the integration of both firms, Cuatroochenta takes a qualitative leap, entering strategic sectors and reinforcing its positioning as a technology company 100% oriented towards business optimization, with the capacity to provide consulting, advanced software development and implementation. Starting from its origins as an app developer, it now becomes a top-level technological partner to undertake digital transformation with the most powerful cloud management and cybersecurity solutions, an omnichannel service that adapts to the needs of each client and the focus always focused on results.
Preparation for IPO
The technology consulting firm thus faces its IPO, after three years of preparation in the Pre-Market Environment program, promoted by Spanish Stock Exchanges and Markets (BME) and the Big Ban Angels association to facilitate access to private investment for emerging companies. , meeting the same standards of accountability and transparency as when it accesses the MAB, expectedly in 2020.
In addition, the founders of the two acquired firms, Javier Casero (Asintec) and Ángel López (Sofistic), also become partners of Cuatroochenta and will continue to head the different business units and their corresponding teams. The founders, Alfredo R. Cebrián (CEO) and Sergio Aguado (CTO), remain as majority shareholders at the head of Cuatroochenta, with Vicente Montesinos as president of the board of directors, established this same year after the conversion to SA.
New Cuatroochenta headquarters in Castelló (Spain)
In the same way, the offices will be maintained with their Asintec teams in Burgos and Sofistic in Panama City, Bogotá (Colombia), Santiago de Chile and Santo Domingo (Dominican Republic). Thus, Cuatroochenta will delve deeper into the challenge of operational excellence through internationalization, based on the talent of its young multidisciplinary team, with offices with its own staff in Milan, Madrid and Barcelona, in addition to the company's headquarters in the park. technology from the Universitat Jaume I, Espaitec, in Castelló (Spain), whose offices have been recently remodeled.