Date: 12th of April, 2021
Day Q and Infotrust merge to form a leading data analytics company in the Baltics
The merger consolidates Day Q, UAB (Lithuania), and Infotrust, SIA (Latvia) resources under united company brand Infotrust, which becomes one of the leading providers of Business Intelligence solutions in the Baltics region.
The merge of Day Q, UAB, and Infotrust, SIA
After the decade of cooperation companies Day Q, UAB, and Infotrust, SIA entered into the merge process as of 1st of January 2021 and the integration process is expected to take up to 5 months. The combined company will operate under the Infotrust brand and will consist of two legal business entities Infotrust, SIA in Latvia, and Infotrust, UAB in Lithuania, while registration numbers of the original companies remain unchanged. The new Infotrust has more than 40 employees, who work in Vilnius and Riga offices. Forecasted combined revenue in 2021 for Infotrust is expected to be over 5M EUR.
Infotrust will continue to operate as an international business intelligence consulting company dedicated to the implementation of complex and demanding data management and data analytics projects based on Qlik and SAP technologies for enterprise-level companies both in the Baltics and abroad. Infotrust, UAB will continue activities as Qlik Master Reseller partner in the Baltics to manage and expand Qlik partner network and to provide Qlik consultancy and enablement services for Qlik customers. Infotrust being SAP Gold Partner will continue helping customers with the transition to cloud-based modern SAP data management and data analytics platform and related professional consultancy services.
Maris Svilans, CEO at Infotrust:“The IT industry experiences one of its largest shifts, triggered by the massive adoption of cloud and continuous growth of data. At the same time in the business intelligence segment, we face the blending of data management and data analytics, which were treated as different disciplines for several decades. Infotrust was always focused on data management competencies, therefore combining forces with the Day Q team who are long-term professionals within data visualization and analytics creates opportunities both within existing customers and towards potential new customers.”
Ramūnas Mazeliauskas, CEO at Day Q: “Our companies were partnering already for many years and personal relations last for several decades. During that time we developed a great working relationship and mutual trust, therefore business attitudes and cultural values are very similar within teams of Infotrust and Day Q. The two businesses are very similar in terms of go-to-market strategy and have complementary skills and expertise. It will be very much business as usual with office locations and contact details remaining unchanged. By joining forces, we can use our respective strengths to better serve clients with data, analytical and financial management solutions in the region.”
What will remain the same?
What will change?
We invite you to include the new name Infotrust, UAB in your company’s databases, information documents, cooperation, and communication materials, especially when it comes to invoices and official documents sent to our company.
About Day Q, UAB (Infotrust, UAB)
Day Q was founded in 2011 and has grown the business into the region as Qlik Master Reseller for the Baltics. The company provides business intelligence and data analytics consultancy services along with certified Qlik training and enablement services for customers’ BI teams.
About Infotrust, SIA
Infotrust, SIA is an international consultancy company, delivering business intelligence services and solutions in a rock-solid, ultra-fast performance context that simply does not get any better or is any more reliable. Infotrust is an expert in big data and predictive analytics solutions, with comprehensive experience in building SAP data warehouses based on SAP HANA, SAP IQ. Infotrust, SIA also has five years of strong records in partnering with Qlik.
For more information, please contact:
Ramūnas Mazeliauskas, CEO, Day Q, UAB: + 370 698 11420.
Maris Svilans, CEO, Infotrust, SIA: + 371 29466498.