Consulting and software engineering firm HTEC Group has acquired Sarajevo-based Mistral Technologies.
Joining forces with Mistral’s team of 300, San Francisco-headquartered HTEC says it is now the largest technology company in Bosnia and Herzegovina, employing close to 600 experts in the country.
Globally, HTEC’s team now stands at over 2,000 employees, with development centres across Southeast Europe, where the company operates in six countries, and with creative and consulting offices located in Silicon Valley, London, New York, Minneapolis, Amsterdam, Stockholm and Gothenburg.
“By combining Silicon Valley-based design thinking with the best of SEE engineering talent in more than 20 locations, HTEC supports global clients with digital product development, from strategy and conceptualisation to design and agile engineering on scale,” said the firm.
Mistral was founded in Sarajevo in 2010 and its portfolio includes Fortune 500 companies.
“Mistral Technologies is one of the best technology companies in the region. Going forward, we will continue to bring together by far the most talented technical and creative professionals in Southeast Europe and expose them to global market opportunities,” said Aleksandar Cabrilo, HTEC co-founder and CEO.
