01.05.2018

Fitek acquired majority of the Lithuanian company Sistemų integravimo sprendimai (SIS)

Fitek, a leading Baltic and Central European e-invoice operator, acquired the majority stake in the Lithuanian company Sistemų integravimo sprendimai (SIS), operating mainly in Lithuania. Fitek Group will enter to electronic data interchange (EDI) business and will be providing electronic data interchange (EDI) solutions in both the Baltic States and elsewhere in Europe.

Mait Sooaru, Manager of the Fitek Group: “We have entered the electronic data exchange (EDI) market. In addition to fully automated sales and purchase invoice solutions we offer, the EDI service is something our clients are the most interested in. Therefore, we decided to make an investment in SIS, which has good portfolio – it’s services fit well to our solutions. The company has years of active business experience in electronic data interchange in retail and wholesale trade, food industry, logistics and the HoReCa sector.”

In cooperation of Fitek and SIS, the existing product portfolio will be improved, and the customer base increased in both the Baltic States and on the international market to offer full scale solutions to all Fitek Group customers.

“Strategy and values of the two companies are much alike, bringing together many years of experience, as well as technological and human resources. We have a unique vision of the automated invoice processes” adds Mait Sooaru.

In 2017, Fitek Group processed more than 55 million invoices and other digital documents.

Kertu Roosimägi became the new Sales Invoice Product Manager of financial technology company Fitek Estonia. She has been engaged in accounting for 9 years and encourages companies to use e-invoices because this makes the financial work processes more convenient and saves a lot of time.

Learn More

The financial service automator and fintech company Fitek Group has purchased 50% of the Serbian business New Image, which offers e-invoicing and digital printing solutions in Serbia and Bosnia and Herzegovina. The business will operate in new markets under the Fitek name.

Learn More

As e-invoices enjoy wider use, the fintech company Fitek sees bookkeepers dealing with bigger financial issues for companies, rather than just inputting purchase invoices.

Learn More