Brno, 9 June 2023 – On Thursday 8 June, the awards ceremony was held for leading Czech privately owned and managed companies representing the highest standards of quality and performance. One of them is Seyfor based in Brno.
For the fourth time in the Czech Republic, the global Best Managed Companies (BMC) programme awarded companies with perfectly set processes, a prerequisite for good corporate management. That evening, 29 Czech companies took home the award, of which 8 won the title for the very first time, one of them being Seyfor.
Seyfor's entire management team worked on the application for the competition with help from Deloitte consultants who guided the company through the entire application process. "At the end of 2022, our company completed a multi-year transformation with a complete rebranding from Solitea to Seyfor, which has set its sights on becoming a leading supplier of software solutions for businesses of all sizes across Europe. The corporate structure of independent business units with the support of a central brand has also proved worthwhile. We felt the opportunity to not only participate in this year's competition, but also to have a real chance to win it in our category," says Daniel Šturm, Marketing Director of Seyfor, describing the motivation for participation.
The award was accepted jointly by Martin Kudrna, member of the Board of Directors of Seyfor and Director of the MidSized Business Division, and Daniel Šturm, who commented on the win, "I see the award as a recognition of the results we have achieved after the 2020 merger. It is a confirmation of the path we are on and a strong support for our further development."
The title of Best Managed Companies is awarded for well-established processes that are a prerequisite for good corporate governance, especially in four key areas: Strategy and Communication, Productivity and Innovation, Culture and Brand, and Management and Finance.
"From the interviews and labs, it was clear that Seyfor knows where it is strong and is consciously focusing on these areas. Their ambition to have a significant market share and maintain their position at the top of the market is supported by a predatory acquisition strategy as well as good management and structure. These are also the attributes of the best managed company, this also being appreciated by the judges when they awarded the company a high rating in all the assessed areas," says Kateřina Novotná, leader of Deloitte Private services and the Czech Best Managed Companies programme.
Seyfor is one of Europe’s leading ICT solutions providers. The company has over 1,700 employees in 8 countries and serves customers in 38 countries worldwide. It has long been one of the fastest growing IT companies in the region. It is the largest manufacturer of accounting, ERP and payroll and HR systems in the Czech Republic, expecting consolidated revenues of around EUR 130 million in 2022. In recent years, the company has made dozens of major acquisitions of IT companies in the Czech Republic, Slovakia and the Balkans. The company’s controlling owners are the Slovak private equity company Sandberg Capital and Martin Cígler. The company was founded in 1990 as Cígler Software and operated under the name Solitea from 2017 to 2022.