RASK advises SPAN, a leading Croatian IT company listed on the Zagreb Stock Exchange, in the acquisition of GT Tarkvara.


RASK legal experts Timo Kullerkupp, Karl-Kristjan Kahm, Kai Villemson and Karl Erik Esko advised Span, one of the leading Croatian IT companies, in acquiring GT Tarkvara, a leading Estonian licensing and software asset management company with more than 25 years of experience. Span purchased 100% shares in the company.

Span’s new acquisition confirms its strategic course to further growth and expansion to new markets. The Baltic and Scandinavian countries are extremely advanced digitally and show a growing need for additional expertise in area of cloud and cyber security where Span is internationally recognized.

RASK attorneys-at-law advised Span in the due diligence process, drafted and negotiated the transaction documents.

SPAN is one of the leading Croatian IT companies that has recorded continuing growth of revenues and profit in the past years. It has been present in the market for three decades, and currently employs more than 800 experts. Span is one of the largest Croatian IT exporters, which makes more than two thirds of its revenues in foreign markets. Along with 40 international partners, Span operates with leading global and regional corporations. The Span Group is made of six domestic associated companies: Span d.d., Bonsai, Trilix, Ekobit, Fintech Digital Services, Span Cyber Security Center, and nine foreign ones in Slovenia, Great Britain, United States, Germany, Ukraine, Azerbaijan, Switzerland, Moldova and Estonia. A leading expert for Microsoft technologies and leading regional Microsoft partner, Span is the first Croatian company that holds five Microsoft Solutions Partner statuses and thirteen Microsoft advanced specializations.

GT Tarkvara OÜ is a reliable partner to the largest companies in the software industry, like Microsoft, Adobe, Veritas, Citrix, Symantec, VMWare, and others. It has recorded a continuing growth of revenue over years and is focused on projects related to digital transformation, cloud and cyber security. In addition to the private sector, it is also strongly positioned in the public and educational sector.