JSK has advised the Sudop Group on its acquisition of an 80% stake in BizzTreat. Briza & Trubac advised BizzTreat founders Radovan Jirka and Jiri Tobolka as well as their spouses on the sale.
The Sudop Group is a Czech Republic-based project and engineering company.
BizzTreat is an IT company providing data analytics services. According to JSK, "in the seven years since entering the market in 2015, it has transformed from the original two-person founding team into a well-functioning company with more than 40 data detectives – as BizzTreat analysts call themselves – and will reach a turnover of over CZK 50 million in 2022."
According to the firm, with the acquisition, "Sudop has strengthened its already stable and leading position in the Czech IT market by acquiring its eleventh IT company. The acquisition supports its plan to build one of the largest IT groups in the Czech Republic and significantly contributes to the consolidation of the Czech and Central European IT markets."
"The volume of data that companies across sizes and sectors can collect today is skyrocketing," Sudop CIT Chairman of the Board Jiri Zivnustka said. "Naturally, the demand for technology services to help sort and make sense of this data is growing. The partnership with BizzTreat, an expert in data analytics, was a logical step for us in the expansion of Sudop CIT."
JSK’s team included Partner Tomas Dolezil and Senior Associate Jana Pospisilova.
The Briza & Trubac team included Partner Patrik Kozeluha, Attorney at Law Jakub Kucera, and Associate Kristian Hajduk.
