22nd August 2022
One Beyond acquires leading Hungarian software firm JayStack
Queen’s Park Equity (“QPE”) is delighted to announce that One Beyond has acquired Budapest-based JayStack, one of the top-rated software development companies in Hungary. JayStack has grown to a team of nearly 100 engineers, delivering business critical software systems and cloud infrastructure for a wide range of blue-chip clients in the UK and Europe. As part of the acquisition, One Beyond’s leadership team now welcomes Péter Zentai as the company’s new Chief Technology Officer.
The acquisition follows a record period of growth for One Beyond and coincides with the firm’s recent rebrand, which saw the business move away from the ‘DCSL’ name that had been in place since its inception in 1994. One Beyond’s new identity represents the company as one inclusive brand, supporting the business as a platform for growth and further acquisition.
Péter Zentai, former CEO of JayStack and now CTO of One Beyond, commented: “We feel very excited about the future as part of One Beyond. We founded JayStack with the dream of reaching a strong international presence. After many successful years working together, in One Beyond we have found our firm partner to live out this dream. We are humbled by the opportunity to participate in building this amazing enterprise as part of the One Beyond team.”
Commenting on the acquisition, Nick Thompson, CEO of One Beyond, said: “JayStack is an established software firm with close ties to One Beyond, so they were a very exciting option for investment. Their technical expertise is complementary to what we already have at One Beyond, and with this merger of two independently successful businesses, we will continue to operate as one bigger, better, stronger company.”
Sami Igout, QPE added: “We are delighted to welcome JayStack into the One Beyond group. JayStack’s expertise in working with enterprise scale clients across Europe, its reputation for quality and its excellent team culture make JayStack a highly attractive and natural fit with One Beyond.”
QPE, which supported the MBO of One Beyond in December 2020, is currently investing its £202m Fund I. QPE is focused on providing capital and expertise to high-quality, entrepreneur-led businesses within the Education, Health & Pharma and Tech Services sectors, with an ambition to accelerate their growth.
Further information can be found at: www.one-beyond.com