Deutsche Telekom has entered Desquared with an approximate 20% stake, Desquared is a digital product partners company.

According to BnB Daily's information, the transaction has already been completed, and the same sources add that there are no plans to open new offices abroad. As a strategic investor, Deutsche Telekom values Desquared at more than €20 million.

BnB Daily contacted Desquared regarding this major business deal. As sources state, "through this agreement, significant collaborations are formed for the global market, unlocking new markets for Desquared.

At the same time, there is the possibility of expansion abroad and improvement of the equipment and programs we already run," and they add, "through this transaction, we also strengthen our presence in Greece, as this agreement is beneficial for the large clients we have, as available capital increases for the improvement of our services and reinforcement with new products."

Having already collaborated with Cosmote on digitalization projects over the past decade, Desquared is expanding its partnership with the Deutsche Telekom Group. In this context, Desquared will leverage its top technological assets, namely the food delivery platform Box, the ordering and experience management platforms of Wave, and the innovative Rapid Application Design and Development (RAD) system.

CLIENT PORTFOLIO

Desquared boasts a strong client portfolio, including well-known major companies in its portfolio. Among them are:

• Wave

• OTE

• OTE Insurance

• HERON

• National Bank of Greece

• Alpha Bank

• Shopflix

• Public

The founding team of Desquared will retain full control of the company and administrative autonomy, ensuring the continuation of its customer-centric approach and the creation of solutions for all of its clients.

Additionally, the collaboration brings significant benefits to Desquared employees. Long-term employees of the company will receive substantial financial rewards through the company's Employee Stock Ownership Plan (ESOP) program, which allows them to participate in the transaction while retaining approximately 90% of their existing shares.