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Economy

PeopleCert Acquires IASSC in the U.S.

October 21, 2020

ATHENS — PeopleCert announced the acquisition of the International Association for Sigma Certification (IASSC), a global reference for top and senior business executives. Vyron Nikolaidis, founder and CEO of the Group, speaking to reporters, said the acquisition confirmed the extrovert strategy of the Greek company and the implementation of its plan for acquisitions that make its portfolio of products and services more competitive internationally.

"The acquisition of IASSC is a significant landmark in our strategic expansion plan in all markets and in particularly professional certifications in which we already have a remarkable presence in IT Service Management," Nikolaidis said, adding: "We welcome the new member of our Group with the deep faith that we become even stronger listening to the needs of professionals who constantly want to strengthen their capabilities, moving closer to their individudal and collective vision."

IASSC is a main partner of companies, organisations and governments in the certification of professional skills for more than a decade.

Nikolaidis said the pandemic crisis will hit this year's results, with turnover expected to fall by 7.0 pct to 72 million euros, from 78 million in 2019. However, profitability is projected to grow by 15-20 pct in 2020.

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