New administrative structure in the IT sector

Ideal Holdings announced the completion of the organizational transformation of its IT investments and the structure of the new IT Group structure.

The goal of this transformation is the functional consolidation and consolidated balance sheet of the sector, the exploitation of synergies as well as the enhancement of the overall efficiency of the sector within the framework of Ideal Holdings’ development strategy.

The transformation of IDH’s IT sector was carried out in two phases.

Lambros Papakonstantinou, Chairman of the Board of Directors of IDEAL Holdings, noted that “2026 marks the beginning of the next cycle for the IDEAL Holdings IT Group. We started in May 2021 with the investment in Adacom, in 2022 with the investment and absorption of Netbull and with the investment in Byte and we ended in 2024 with the investment in Bluestream”.

New structure

In this context, Byte Computer SA (“Byte”) is a 100% shareholder of Adacom SA (“Adacom”), 100% of IDEAL SW Solutions SA (“IDEALSW”) and 75% of Bluestream Solutions SA (“Bluestream”).

IDEAL Holdings indirectly owns 75% of Byte. Byte, Adacom, IDEALSW, Bluestream now form the ‘Informatics Group.

Performance and goals

Regarding the performance of the sector, “in 4 years from the initial investment in a company of 70 people with revenues of less than 10 million euros, we have created a Group with over 500 employees, estimated revenue of 110 million euros, EBITDA of 15 million euros, EBIT of 11 million euros, and funds of 20 million euros.

In the context of the strategy of the development of the companies and the better exploitation of synergies, we are proceeding with the new organization. We are confident that the new structure will significantly help in capturing the value of the IT Group and consequently in the correct valuation of our share price. We wish every success to the new BYTE Management.”

It is worth noting that the IT sector of Ideal Holdings (IDH) covers a wide range of activities, including integrated IT solutions, cybersecurity and trust services, cloud services, as well as Customer Communication Management software development.

In particular, during the new financial year, the IT sector of the listed IDH is expected to focus on the digital transformation of businesses, the connection of the defense and IT sectors, Artificial Intelligence and its use by businesses, and cybersecurity. Ideal Holdings has announced that it is considering the acquisition of a smaller company in the cybersecurity sector, with the aim of further strengthening this specific sector of its activities, which is already recording a high growth rate.