TIER 1 Technology, S.A.
TR1.MC
Madrid Stock Exchange3.00
EUR
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TIER 1 Technology, S.A.
TR1.MC
(Madrid Stock Exchange)
Recent
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3.00
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- TIER 1 Technology, S.A. (TR1.MC) develops, implements, and maintains software solutions and IT infrastructure services for businesses, public administrations, and private entities, with a primary focus on the retail sector including food and non-food distribution; the company offers proprietary software products such as Attractor ERP for modular business management covering accounting, purchasing, sales, warehouse, and project modules; Comerzzia, an omnichannel platform for retailers encompassing POS, backoffice, eCommerce/mCommerce, CRM Involve for loyalty and analytics, and unified commerce integrations; Engage for supplier coordination; Lustrum for asset lifecycle management; SecureInvoice for electronic invoicing and VAT compliance including SII automation; Elevatorware for elevator operators handling maintenance, installation, and financial modules; and Nextt for restaurant management with POS, kitchen, backoffice, e-commerce, and analytics; additional offerings include custom software development, mobility solutions, datacenter/cloud services, communications networks, IT security, teleworking deployments, 24x7 maintenance, business process outsourcing, and customer support outsourcing. Founded in 2002 and headquartered in Camas (Seville), Spain, TIER 1 Technology operates through subsidiaries including 90%-owned Comerzzia (10% by Seidor), Tier7, 81%-owned ASG, and stakes in Compudata (62%), CPI Retail (51%), and Nextt (52%); the group maintains over 10 offices across Spain, Portugal, Brazil, USA, and Ecuador, serving more than 1,000 customers in 60 countries with recurring revenues around EUR 11 million from a total of nearly EUR 22 million. Recent developments include becoming a subsidiary of Retex S.p.A. as of December 20, 2024, enhancing its retail technology positioning through this Italian unified commerce specialist partnership; strategic alliances such as a 50/50 joint venture with Seidor Brazil for Latin American expansion, a December partnership with Retex for Italian market deployment in supermarkets, and an implementation agreement with Inteum across 27 countries; acquisitions since 2017 totaling around EUR 2 million invested for 57% average stakes, consolidating EUR 5.2 million in sales including ASG (2017), Compudata and CPI Retail (2021), and Nextt (2023) for restaurant software; launch of a 2024-2026 strategic plan targeting leadership in Iberian retail IT, prudent larger acquisitions (EUR 5-10 million sales targets), and internationalization via organic efforts and partners in Europe and Latam; and reported 2023 results with 19% revenue growth to EUR 21.8 million, 68% EBITDA increase to EUR 3.2 million, and software order intake up 48% to EUR 7.8 million, alongside a net cash position of EUR 3.8 million and plans for 45% payout dividends.