Business Software Group (BSG) continues to expand its presence in the business software market with a new strategic acquisition. On this occasion, BSG is pleased to announce the acquisition of OTESI, a leading IT application development company specializing in the development of software for reporting to official bodies, both to the Bank of Spain and to the CNMV.

 Elche, 12/07/2023

The acquisition of OTESI further strengthens BSG’s leadership position in the sector by adding a new business line focused on developing specialized software solutions for the banking sector. This acquisition reinforces BSG’s commitment to offering cutting-edge solutions that meet the specific needs of customers in an ever-evolving business environment.

The banking reporting software developed by OTESI is widely recognized for its accuracy, reliability, and compliance with regulatory requirements. This solution provides banking institutions with the ability to generate comprehensive and accurate financial reports, meeting the requirements and regulations set by official agencies.

By integrating OTESI’s expertise and capabilities within the BSG group, the development of innovative solutions will be enhanced, enabling banking institutions to streamline and optimize their financial reporting process, thereby improving their efficiency and compliance with regulatory requirements.

The acquisition of OTESI represents a strategic step for BSG, as it allows them to expand their product and service portfolio and strengthen their presence in the banking sector. Additionally, BSG will continue to provide technical support and personalized attention to OTESI customers, ensuring a smooth and seamless transition.

About Business Software Group S.L.

BSG is a leading company in the business software sector, dedicated to providing innovative and high-quality technological solutions to companies across various sectors. With a focus on acquiring specialized companies, BSG continues to expand its presence in the national market, strengthening its technical expertise and offering cutting-edge solutions to its customers.

About OTESI

OTESI is a renowned company specializing in the development of computer applications, with a distinguished track record in the development of software for banking reporting to official bodies. Its commitment to excellence and regulatory compliance has positioned OTESI as a benchmark in the banking and investment fund sectors. The acquisition by BSG opens up new growth and development opportunities for OTESI, enabling the creation of even more advanced solutions tailored to the industry’s changing needs.