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Sovereign-backed Zenitech to acquire Autosoft

Zenitech, a high-growth transformational technology provider and a portfolio company of UK private equity Buy & Build specialist Sovereign Capital Partners, is to acquire Autsoft, a Hungarian-based provider of software and technology development services, subject to Hungarian Government approval.

Zenitech, a high-growth transformational technology provider and a portfolio company of UK private equity Buy & Build specialist Sovereign Capital Partners, is to acquire Autsoft, a Hungarian-based provider of software and technology development services, subject to Hungarian Government approval.

Sovereign backed the Zenitech management team in November 2020 to significantly scale the business to meet the increasing demand for its services in this rapidly growing UK and international market. Zenitech has near-shore technical software development capabilities in Romania, Lithuania and Hungary, as well as its headquarters in the UK. 
 
The Autsoft acquisition is part of Zenitech’s existing organic strategy to expand into Hungary, having launched a technology centre in Miskolc in 2021 and recruited Kinga Daradics as Country Manager for Hungary and Head of Global Partnerships.

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