13th JANUARY 2015: Red Stack Tech, a leading global Oracle technology brand has today announced the acquisition of Database Specialists, Gridwise based in Krakow, Poland. The transaction means Gridwise will form part of a group that owns two leading global Oracle technology brands, e-DBA Ltd and 3sixty-analytics.
The two leading UK Oracle Partners formerly operated under the holding company, Red Stack Technology Ltd however; the group recently launched a rebranding initiative that merged the companies under the new Red Stack Tech brand.
The acquisition of Gridwise is a strategic win for Red Stack Tech. The 11 year old company is a leading Oracle Partner in Poland with a profitable and healthy database business averaging 50% annual growth. The company is also ideally situated in Krakow, Poland – the IT hub of Europe’s fastest growing economy which makes it the perfect platform for Red Stack Tech to build from as it continues its expansion into emerging markets.
Becoming part of the Red Stack Tech brand will enable Gridwise to complement the wide range of products and service capabilities already provided by Platinum Oracle Partner e-DBA Ltd and Business Intelligence specialists 3sixty-analytics. Combining the skills, knowledge and technologies of the three companies under the Red Stack Tech brand will ensure customers benefit from a full end-to-end solution focusing on the Oracle stack and will also facilitate higher levels of service and a wider range of products and service capabilities.
Alex Louth, Managing Director of Red Stack Tech Ltd said “Gridwise has a solid growth trajectory and high potential for international development. Its reputation for excellence in the delivery of database management services and business analytics and relationship with key stakeholders provides the perfect platform for us to build on both now and in the future. The continuity of a vibrant management team also allows for a seamless transition to Red Stack Tech ownership as we continue our expansion strategy into new global markets.”
Pawel Plaszczak, who founded Gridwise and served as the company President for 11 years said, “The entire Polish Gridwise team is very excited to become part of Red Stack Tech, a leading global database services organization. Now as part of larger expert team, we are looking forward to address bigger and more complex challenges worldwide, but also offer broader services locally in Poland. This acquisition has been the objective for the Gridwise team. During the process we received substantial support from our staff and customers. I want to thank all of our clients, staff, service providers, partners and friends for helping us achieve this milestone together.”
Legal note: Red Stack Tech is a brand owned by Red Stack Technology Limited, registered in the United Kingdom. The full name of Gridwise was GridwiseTech Spółka z Ograniczoną Odpowiedzialnością, registered In Krakow, Poland. After the acquisition, the business of Gridwise is has been transferred to Red Stack Technology Spółka z Ograniczoną Odpowiedzialnością. The Polish business of Gridwise will now be continued under this legal name and the brand Red Stack Tech.