At BSG (Business Software Group), we continue to consolidate our position as leaders in the European technology sector. In a recent interview granted to Mergermarket —the world's leading financial and M&A intelligence service of ION Analytics— our founder and CEO, Ventura Gil, has detailed the strategic roadmap that will guide our growth over the coming years.

A 2026 with record growth prospects

Our forecasts for the close of 2026 reflect the strength of BSG’s business model. We anticipate achieving revenues in excess of 60 million euros and an approximate EBITDA of 20 million euros, without taking into account the impact of any new acquisitions finalised this year.

This growth is the pillar of a five-year plan that seeks to raise our EBITDA to a range of between 50 and 60 million euros.

Expansion in southern Europe: Portugal and Italy as priorities

Having consolidated our presence in Spain, BSG Group has identified Portugal e Italy as priority markets for our direct international expansion. Although we already have indirect operations in regions like Latin America, this year we are working to close our first direct acquisition outside our borders.

Acquisition criteria: The value of niche software

Our M&A approach focuses on companies that provide differentiated value through:

• Niche software Highly specialised solutions offering greater resilience and customer proximity than horizontal software.
• Recurring income: Sustainable business models based on critical services and proprietary data.
• Talent continuity: We particularly value management teams who wish to remain involved in the project and benefit from our management capabilities.

Currently, the group is evaluating assets with turnovers of between between 10 and 15 million euros, taking advantage of the fact that current valuations have made larger transactions more accessible.

Consolidation of the BSG ecosystem: Recent acquisitions

So far this year, we have strengthened our structure with the addition of key companies such as Wordplex, Rosmiman y Extra Software. Our target for 2026 is to complete between five and six operations of this type, adding up to approximately 8 million euros of annual EBITDA through inorganic growth.

Investment horizon: Paving the way to the IPO

Sustained growth allows us to begin designing the company's long-term future. With an estimated potential market capitalisation of between between 500 and 800 million euros once our EBITDA targets are met, the initial public offering (IPO) is shaping up to be a viable option.

BSG has already started preliminary talks with advisers to evaluate the most suitable listing venues, considering Euronext o Nasdaq Stockholm as attractive markets due to their strong base of specialised vertical software investors.

At BSG, we continue working to transform the software sector in Europe. We thank Mergermarket (ION Analytics) for highlighting our growth and vision for the future.

For more details on our latest products and acquisitions, we invite you to visit our section of News.