The private equity fund Provectus Capital Partners (PCP) founded the new technology group Burra, which is moreć realized the first three investments by taking over the companies Devōt, Tacta and CoreLine. This resulted in the formation of a group of more than 130 development engineers specializing in various technological areas and international markets.
Burra represents the second investment of the PCP SEE Fund II and marks the entry of Provectus into the information technology sector through a strategy of market consolidation and connecting specialized IT companies from Southeastern Europe.
The three companies that form the foundation of the new group bring complementary knowledge and experience. Devōt operates primarily on the American market, with a focus on health and financial technology and a team of AI-assisted development engineers. Tacta develops business software solutions for the financial sector and other highly regulated industries, mostly in Belgium and France. CoreLine is an AI-first digital solution provider specializing in mobile app development and UX design, with clients mainly in the UK and US.
Provectus points out that the establishment of Burra is the first step in building a regional technology platform that will bring together companies with strong domain knowledge and the ability to develop complex solutions for large corporate users. The strategy is based on strong regional engineering talent, fragmentation of the IT market, and new opportunities brought by the development of artificial intelligence.
IT entrepreneur Sven Maruši is at the helm of Burra, while Ana Petrovi is in charge of human resources, integration and communications. Luka Abrus and Ante Mandić have advisory roles in the supervisory board, along with the fund representatives.
“Burra will invest in domestic and regional IT companies that have strong technology teams, proven expertise and the ability to solve complex business challenges through an AI-first approach. The focus will be on creating synergies within the group, accessing large enterprise clients and developing solutions in areas such as cyber security and artificial intelligence,” said Sven Maruši, Burra’s chief executive officer.
He added that the company sees significant space for consolidating the technological sector and developing AI solutions that could transform corporate and public IT systems in the coming years.
Partner in Provectus Capital Partners Ivan Dujmović he pointed out that this investment represents an important step forward for the fund towards one of the most active investment sectors globally.
“Previous transactions in the regional technology sector were mostly characterized by strategic takeovers. We believe there is an opportunity to create a regional platform that will connect the powerful technological capacities developed in Southeastern Europe and support the further development of specialized IT companies,” said Dujmovi.
Provectus announced that it will continue to invest in specialized technology companies through Burra with the aim of expanding professional competences, increasing capacity and strengthening its presence on international markets.
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