Friday, 26 March 2021 13:00

Andersen advises Avanttic on its sale to CMC

Andersen has advised Avanttic on the sale of the company to Cognicase Management Consulting

Madrid-based Cognicase Management Consulting has acquired the Barcelona-headquartered company Avanttic, specialised in the development of solutions on Oracle technology. Avanttic, which was founded in 2009 with the aim of becoming the most experienced company on this technology, has a staff of 215 professionals and has maintained a year-on-year growth of 20%, obtaining a turnover of 19.5 million euros in 2020.

With this strategically important operation, CMC Group continues to develop its growth plan. We position ourselves as leaders in Oracle technology services in our country, in a year in which we expect to reach a turnover of around €100 million and a team of more than 1,600 professionals, placing the company in the top 15 of the IT services market in Spain.

Avanttic, a “100% Oracle partner”, operates in the Spanish market and has a portfolio of more than 200 clients in practically all sectors of activity in our economy. Under the terms of the deal, Avanttic will operate as a business area specialising in Oracle services within the CMC Group, will continue to be led by Jesús García as CEO, and will strengthen its plans to specialise its entire professional team as a key differentiating factor in the market.

After this operation, CMC Group has one of the largest teams of experts in consulting, development and management of technological solutions and digital transformation on Oracle infrastructure and platform, on-premise and in the cloud.

Andersen advised Avanttic on this deal with an M&A team led by Madrid office Corporate partner Jaime Espejo (pictured). The financial advisor for the transaction was Eurohold.

Iberian Lawyer
N.110 • December 2021 - January 2022

IL98 cover SP IL94 cover EN

The Latin American Lawyer
N.22 • November 2021

IL98 cover SP IL94 cover EN

IBLLabourAwardsPortugal 202112 300x250 Finalists

IL LatamAwards STD 300x100 1

IL LatamAwards STD 300x100 1

IpTmtAwardsSpain 2021 300x100 finalists 1

IL LatamAwards STD 300x100 1

IPTMTAwardsPT 2021 300x250 Vincitori

This website uses cookies

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the IberianLawyer website. However, you can change your cookie settings at any time. Learn more

I agree

What do I need to know about cookies?

A cookie is a small text file that’s stored on your computer or mobile device when you visit a website. We use them to:

  • Remember your preferences
  • Tailor our sites to your interests.

There are different types of cookies

First party cookies

These are set by the website you’re visiting. And only that website can read them.  In addition, a website might use a separate company to analyse how people are using their site. And this separate company will set their own cookie to do this.

Third party cookies

These are set by someone other than the owner of the website you’re visiting. 

Some IberianLawyer web pages may also contain content from other sites like Vimeo or Flickr, which may set their own cookies. Also, if you Share a link to a IberianLawyer page, the service you share it on (e.g. Facebook) may set a cookie on your browser.

The IberianLawyer has no control over third party cookies.

Advertising cookies

Some websites use advertising networks to show you specially targeted adverts when you visit. These networks may also be able to track your browsing across different sites.

IberianLawyer site do use advertising cookies but they won’t track your browsing outside the IberianLawyer.

Session cookies

These are stored while you’re browsing. They get deleted from your device when you close your browser e.g. Internet Explorer or Safari.

Persistent cookies

These are saved on your computer. So they don’t get deleted when you close your browser.

We use persistent cookies when we need to know who you are for more than one browsing session. For example, we use them to remember your preferences for the next time you visit.

Other tracking technologies

Some sites use things like web beacons, clear GIFs, page tags and web bugs to understand how people are using them and target advertising at people.

They usually take the form of a small, transparent image, which is embedded in a web page or email. They work with cookies and capture data like your IP address, when you viewed the page or email, what device you were using and where you were.

How does the Iberian Lawyer use cookies?

We use different types of cookies for different things, such as:

  • Analysing how you use the IberianLawyer
  • Giving you a better, more personalised experience
  • Recognising when you’ve signed in

Strictly Necessary cookies

These cookies let you use all the different parts of Iberian Lawyer. Without them services that you have asked for cannot be provided.

Some examples of how we use these cookies are:

  • Signing into the IberianLawyer
  • Remembering previous actions such as text entered into a registration form when navigating back to a page in the same session
  • Remembering security settings which restrict access to certain content.

Performance cookies

These help us understand how people are using the IberianLawyer online, so we can make it better. And they let us try out different ideas.
We sometimes get other companies to analyse how people are using the IberianLawyer online. These companies may set their own performance cookies You can opt out of these cookies here.Some examples of how we use these cookies are:

  • To collect information about which web pages visitors go to most often so we can improve the online experience
  • Error management to make sure that the website is working properly
  • Testing designs to help improve the look and feel of the website.
Cookie nameWhat it's for
Google DoubleClick The IberianLawyer uses Google DoubleClick to measure the effectiveness of its online marketing campaigns.Opt-out of DoubleClick cookies
Google Analytics From time to time some IberianLawyer online services, including mobile apps, use Google Analytics. This is a web analytics service provided by Google, Inc. Google Analytics sets a cookie in order to evaluate use of those services and compile a report for us.Opt-out of Google Analytics cookies