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Polish Enterprise Investors to acquire a majority stake in Software Mind

Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors (EI), will invest EUR 25 million in Software Mind, a Polish provider of software development outsourcing services.

Software Mind is a Polish software company founded in 1999.

It develops comprehensive (end-to-end) software solutions for high-profile clients that include PE-backed financial and technological industry leaders as well as Silicon Valley unicorns.

Among Software Mind’s many clients are companies from the fintech, healthcare and high-tech sectors from the United States, Great Britain and Scandinavia, as well as the four largest mobile operators in Poland and a few that are based abroad.

The management team is led by its original founder and represents a well-balanced mix of commitment, seniority and technical expertise.

The company operates out of four development centers across Poland: in Kraków, Rzeszów, Warsaw and Bielsko-Biała, and employs 370 IT professionals.

Software Mind sales reached EUR 15 million after first nine months of 2020.

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