Qvest Group acquires tarent AG

The Qvest Group has acquired the majority stake of tarent AG in order to build a strategic partnership. tarent AG is a technology partner specialising in digital consulting and software development and supports companies in the realisation of digital and technology solutions. By acquiring the majority stake of tarent, the Qvest Group is taking the next step in expanding its role as a systems architect and as a technology and digital partner in the media sector. It also reportedly enables the group to position itself more strongly in target markets such as the corporate and the public sector.

With more than 300 employees based in Germany and Romania, tarent has expertise in the design of scalable and flexible IT solutions and is specialised in individual software development. “We are currently looking at an increasingly accelerated paradigm shift in the media world. Streaming and cloud platforms, artificial intelligence, and the growing replacement of proprietary hardware with standard IT and software components are just a few indications of the change in the technology design of media infrastructures and the associated adjustments in work processes towards more digitality and automation,” said Peter Nöthen, Qvest Group CEO. “In the course of their digitisation strategy, companies and the public sector need strong partners in innovation, change and organisational management who advise on technology-driven transformation processes and specialise in implementing customised digital solutions. This is exactly where tarent strengthens us with their dynamic teams, which stand for high innovative power, agility and software expertise.

Boris Esser, one of the four board members of tarent AG, is convinced that: “By gaining Qvest as a partner, we can strengthen our positive development and further expand it in the course of our growth strategy beyond the existing industries and customers. The combination of our joint innovative portfolios in the fields of technology and digitalisation creates an extremely appealing partner for the media sector. Companies will benefit from the fact that we know the challenges of the industry and cover solutions from consulting to implementation and support.”

The management of tarent AG will continue to run the business. Together with the Qvest management, they will leverage their activities in the media, corporate and public sector and roll out tarent services across the Qvest Group's worldwide locations.