ITSector’s rewarding year: it is acquired by Alten and gets to settle in Porto Office Park

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Filipa Brito

Alten, leader in both outsourced Engineering and R&D and IT & Network Services, acquired ITSector, a company from Porto. This acquisition, as stated by the tech company in Porto, currently employing 600 workers, “can push not only the contracting pace but also the business expansion”.

The French multinational technology consulting and engineering company ALTEN, founded in 1988, brought ITSector “a great potential in keeping the pace of contracting and growth”, Renato Oliveira, ITSector CEO highlights in a statement released in the company’s website.

Work posts, administration included, remain unaltered, and the only thing that changes is the company’s headquarters location, as it is about to settle in the Porto Office Park, in Boavista, which has been acknowledged as "Best Building" in the offices category of the year”.

In 2020, the tech company hired over one hundred workers and has obtained new clients, both in Portugal and abroad, which “is telling of the company’s response capacity under the pandemic framework” reads the same statement in the company’s website.

In that same documents, Renato Oliveira, furthers declares that, “there is a vast set of opportunities and potential synergies ahead, including business expansion and ITSector’s knowledge growth, as regards digital transformation in the financial sector in the markets where Alten operates”.

ITSector employs circa 600 workers and has six development centres in Porto, Lisbon, Braga, Aveiro, Bragança and Castelo Branco. It invoiced 13 million euros, the first half of 2020 alone, which represents over 25% of the invoicing in the same period of the previous year.

Alten, the new owner of ITSector had a turnover of 2.6 billion euros in 2019, and employs over 37 thousand workers, throughout 32 countries. ITSector will, still keep “its DNA of innovative company in the financial sector, targeted at working with banks and credit unions, helping them implementing their digital transformations”.