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Munich, 31/07/2020 – Technology company mgm technology partners GmbH (mgm), a division of listed company Allgeier SE, and Munich IT development company eForce21 GmbH are merging. The contract was signed last Thursday and the two companies agreed not to disclose details of the transaction. mgm has acquired 100 percent of the shares from founder and CEO Klaus Schlumpberger. In the medium term, the company will be integrated into mgm.
New at mgm: 41 employees
eForce21 GmbH was founded by IT specialist Schlumpberger and began operating in mid-2015. The company focuses on custom software development and IT consulting. Right from its early days, the growing team has been implementing projects for major customers, which currently include Knorr-Bremse, Münchner Verkehrsgesellschaft (MVG) & Stadtwerke München, MAN and IFCO. The company has 41 employees based at their office in the south of Munich (district of Obersendling), which will now serve as mgm’s 17th site for the long term. Klaus Schlumpberger will remain on board and will continue to be responsible for the eForce21 team, as well as for customers and partners.
Over the past four years, mgm and eForce21 have already established a trusting partnership, working together on major customer projects: “The expertise of eForce21 is ideally suited for many of our projects and customer requirements, and the corporate culture and approach to good enterprise architecture are an outstanding fit for mgm,” says mgm CEO Hamarz Mehmanesh. “I am very much looking forward to building on the excellent partnership we have developed in recent years and offering innovative shared IT solutions for our customers.” eForce21 founder Klaus Schlumpberger believes the merger will provide new shared opportunities for the two companies: “As a medium-sized service provider, we are already working for outstanding major customers on some extremely challenging IT projects. However, the size and international nature of mgm will open up a whole new range of opportunities for our shared expertise and highly specialised solutions.”
Expertise in machine learning in image recognition
A key in-house product in the eForce21 portfolio is DATAGYM.AI. The SaaS (Software as a Service) solution enables data scientists and experts in machine learning to label images up to 10 times faster with the aid of AI tools. Particularly in B2B business, there is a huge range of potential application scenarios, ranging from autonomous driving and production automation through to e-commerce and security applications. Together with mgm’s expertise in voice processing and chatbots, these are still relatively recent developments which are gaining in significance.
As well as these topics of tomorrow, the eForce21 developers also spend their days working on durable, secure and highly complex business applications, as do many international mgm teams. The focus here is on model-based software development, which, from mgm’s perspective, are a fundamental requirement for short development times and fast adaptation to changes.
About mgm (with eForce21)
mgm technology partners develops enterprise applications for the commerce, insurance and public sectors. This is based on the approach of digital sovereignty, according to which organisations retain control over their own IT systems and maintain the relevant expertise. The technology company, founded in 1994, has its headquarters in Munich, with a total of 17 other locations both in Germany and overseas, including in the cities of Berlin, Hamburg, Cologne, Prague, Washington D.C. and Da Nang in Vietnam. mgm employs a total of over 750 people in seven different countries. Since 2006, mgm has been a division of Allgeier SE in Munich, with Hamarz Mehmanesh, also a co-founder and partner, at the helm. Together with the specialist subsidiaries mgm consulting partners (management consultancy for CIO advisory, organisational development and change management) and mgm security partners (web application security), mgm covers a broad spectrum of digitalisation topics.