Allgeier

What Allgeier does

Allgeier SE is a Munich-headquartered, publicly listed (Frankfurt General Standard, ISIN DE000A2GS633) German technology company that provides AI-driven digital transformation software and IT services to global corporations, mid-market firms, and the public sector across DACH, Western Europe, India, Vietnam, and North America. The company was substantially reshaped in September 2020 by the spin-off and separate listing of Nagarro SE, leaving Allgeier focused on a buy-and-build strategy in the German-speaking market; subsequent divestiture of the IT Infrastructure Managed Services unit in 2025 for ~EUR 76M further concentrated the portfolio around two segments, Enterprise IT and mgm technology partners, supported by acquired brands including evora (SAP/ServiceNow), SDX AG (Microsoft Azure), Cloudical (cloud/container), publicplan (e-government), and eCube (digital commerce).

The technology core is the proprietary A12 Enterprise AI Low Code Platform — used as the technological backbone of ELSTER, Germany's central online tax portal, and open-sourced under EUPL 1.2 in May 2026 — together with EvoSuite (asset/field service management atop SAP), VanillaStack (Kubernetes-native PaaS), and integration with Microsoft Azure, SAP, and CRM systems. Operations span more than 46 office locations and ~2,500-2,600 IT specialists of 26 nationalities, serving 2,500+ customers including Evonik, Lidl/Schwarz, KaDeWe, Dachser, Union Investment, DZ BANK, and German federal/state tax administration.

Allgeier generates revenue through four primary streams: subscription/recurring for proprietary software (A12, EvoSuite, VanillaStack); professional services (software development, AI strategy and integration, consulting); managed services spanning the IT lifecycle; and project-based contracts (typically multi-year) sold through direct enterprise field sales and, increasingly, channel partners such as q.beyond. Pricing is quote-based and not publicly disclosed; customer concentration appears diversified across regulated industries (chemicals, retail, finance, logistics, aviation) and federal/state/municipal government. Reported financial trajectory (Q1 2026 revenue EUR 87M, +9% YoY; FY2026 guidance EUR 370-420M revenue and EUR 48-54M adjusted EBITDA at ~13% margin, with a 15% medium-term margin target and 10% organic growth objective) reflects a focused, post-divestiture IT services and software platform positioned around European digital sovereignty.

Name

Allgeier

Legal name

Allgeier SE

Website

https://allgeier.com

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Allgeier SE is a Munich-based, Frankfurt-listed German technology company that delivers AI-driven digital transformation software — including the A12 Enterprise AI Low Code Platform underpinning Germany's ELSTER tax portal — and IT services to global enterprises, mid-market firms, and public-sector clients across DACH and international markets.

Ownership category

akta.pro rank

Product category

Enterprise IT Services and Software Solutions

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512), Software Publishers (513210)

SIC

Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Enterprise Application Modernization (Monolith-to-Modules, Domain Modernization) (BPAEAFAG)

akta.pro secondary industries

Enterprise Architecture & IT Operating Model (BPAHAEAB), Enterprise Application Modernization & Upgrades (incl. S/4HANA, cloud migrations) (BPAEAGAG), Enterprise Application Managed Services Outsourcing (ERP/CRM/HRIS AMS) (BPAEAMAI), IT Asset Lifecycle Services (Procure-to-Retire) (BPAEAOAF)

Keywords

• Enterprise IT services
• Digital transformation consulting
• AI platform development
• Managed cloud services
• Business software solutions

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Software Solutions and Platform Technologies: Revenue from proprietary software products including A12 Enterprise AI Low Code Platform, EvoSuite, and related AI-powered solutions for enterprise and public sector clients.
2. IT Services and Software Development: High-end software development, consulting, cloud transformation, cybersecurity, managed services, and IT infrastructure services. Includes professional services for digital transformation projects.
3. Managed Services: Operation of software applications and IT infrastructures across the entire IT lifecycle.
4. AI Integration Services: AI readiness assessments, data and AI strategy, integration, governance, security, and scaling services to move AI from pilot projects to productive operation.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Allgeier SE sells enterprise IT services and proprietary software solutions centered on AI-driven digital transformation. Its commercial offerings include custom software development and consulting under the mgm technology partners brand, a federation of mid-market IT services and software firms under Enterprise IT, and standalone proprietary platforms (A12 AI Low Code Platform, EvoSuite database benchmarking, VanillaStack cloud-native stack). Customers range from mid-market firms to large enterprises and public-sector bodies in the DACH region.

Product overview

Allgeier SE is a technology company for AI-driven digital transformation serving global enterprises, SMEs, and the public sector. The portfolio consists of two main segments: Enterprise IT and mgm technology partners, plus multiple sub-brands and acquired companies. The core products include the A12 Enterprise AI Low Code Platform for AI-powered process automation (open source from May 2026), E-Government solutions including ELSTER (Germany's central tax portal), Künstliche Intelligenz & Data Analytics, Cloud Solutions, Business Software (SAP-based ERP, E-Commerce, ECM/DMS, Field Service & Asset Management), Information Security, Software Development, and Managed Services. Key acquired brands include EvoSuite (asset/field service management), VanillaStack (cloud-native Kubernetes stack), SDX AG (Microsoft/Azure specialist), evora IT solutions, public plan, and it novum. The company also operates sub-brands including Allgeier inovar, Allgeier CyRis, and Allgeier Public. Integration capabilities include SAP, Microsoft Azure, and CRM systems.

Differentiator

Problem solved

Functional benefit

Brands

• A12 Enterprise AI Low Code Platform: AI-powered low-code platform for enterprise and public administration process automation, formerly proprietary now open-source under EUPL 1.2 license. Used as the technological backbone of ELSTER, Germany's central online tax portal.
• mgm Technology Partners
• Allgeier inovar
• Allgeier CyRis
• Evora IT Solutions / EvoSuite
• public plan
• Allgeier Public
• it novum
• SDX AG
• Cloudical / VanillaStack
• eCube

Products and services

• A12 Enterprise AI Low Code Platform Proprietary AI-driven low-code platform for building and orchestrating enterprise applications, used by corporate IT and development teams to accelerate application development.
• EvoSuite Automated database benchmarking and testing tool for enterprises that need to validate and tune database performance.
• VanillaStack Open-source cloud-native stack for building and operating container platforms, used by enterprise IT and platform engineering teams.
• Digital Transformation & Custom Software Engineering (mgm technology partners) End-to-end digital transformation consulting and bespoke software engineering services for complex enterprise and public-sector programs, focused on premium customers with intricate domain requirements.
• Enterprise IT Services and Solutions (segment offering) Federated portfolio of IT services and software solutions for mid-market and enterprise customers, delivered through more than 40 specialized subsidiaries covering sectors such as logistics, retail, utilities, and public-sector IT.
• Managed IT Services Outsourced IT operations, application management, and managed services for mid-market customers running on Allgeier or third-party software.
• Cloud & Infrastructure Services Cloud advisory, migration, and managed cloud infrastructure services enabling customers to operate workloads on Azure, AWS, and other hyperscalers.
• Information Security Services Cybersecurity consulting and managed security operations, including GDPR/compliance advisory for customers with regulated environments.
• E-Government & ELSTER Platform Services Operations and development of large-scale e-government platforms for German federal and state authorities, including the technological backbone of the official ELSTER tax portal.
• Business Software Solutions Sector-specific business software products (e.g., for logistics, retail, utilities, public sector) sold standalone or bundled with implementation and support through Allgeier's subsidiary network.

Quantifiable outcome

• 72% reduction in processing times for staffing services
• +3 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability6 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and secondary.

• Bavarian State Office for Taxation (BayLfSt)coreStrategic or Co-development Partner · 8 April 2026In close coordination with the Bavarian State Office for Taxation, mgm technology partners opened the A12 Enterprise AI Low Code Platform source code. The platform serves as the technological backbone of ELSTER, Germany's central online tax portal. Starting May 2026, the code is available on GitHub and openCode under EUPL 1.2 license.
• Fsas TechnologiessecondaryStrategic or Co-development Partner · 1 January 2026mgm and Fsas Technologies started cooperation for sovereign AI-powered software development through the ESACA initiative, providing a sovereign alternative to cloud-based coding tools.
• eCubecoreStrategic or Co-development Partner · 30 July 2025eCube joined forces with mgm in July 2025, strengthening capabilities in Digital Commerce. The partnership combines eCube's expertise with mgm's existing offerings.
• q.beyond AGsecondaryChannel Partner/ Reseller/ Distributor · 17 January 2024q.beyond and mgm technology partners agreed a partnership for Low Code Platform A12 distribution in January 2024. This partnership enables q.beyond to resell and distribute the A12 platform to their customer base.
• SDX AGcoreStrategic or Co-development Partner · 23 August 2023SDX AG, a Microsoft specialist in cloud software development and Data Analytics, joined the Allgeier Group in August 2023. SDX specializes in cloud-native software development and Data Analytics projects using innovative Azure technologies. The partnership aims to build a specialized business unit for Microsoft technologies and applications.
• Evora IT SolutionscoreStrategic or Co-development Partner · 23 November 2021Evora IT Solutions became part of Allgeier Group in November 2021. Evora specializes in SAP and ServiceNow consulting and software development with deep expertise in asset and field service management solutions. Evora maintains long-standing partnerships with SAP and ServiceNow.
• Clientis AGcoreStrategic or Co-development Partner · 11 November 2021mgm technology partners acquired Clientis AG, an SAP solutions provider, in November 2021 to boost ERP proficiency. Clientis specializes in SAP consulting and software development.
• Cloudical Deutschland GmbHcoreStrategic or Co-development Partner · 18 June 2021Cloudical Deutschland GmbH, a cloud and containerization specialist, was acquired in June 2021 to expand the publicplan Group's cloud and container-based services. Cloudical specializes in open-source solutions and consulting for Kubernetes-based operating environments with their VanillaStack product.
• publicplan GmbHcoreStrategic or Co-development Partner · 1 January 2021publicplan GmbH, a digitalization specialist for the public sector with approximately 100 employees, was integrated into Allgeier publicplan Holding GmbH in 2021 to strengthen Public Sector and Open Source competence.

Scale indicators15 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Nagarro SE: Nagarro was carved out from Allgeier in 2020 and is now an independent global digital engineering firm with shared DNA. Both are German-headquartered, mid-cap IT services companies pursuing enterprise digital transformation, custom software development, and AI-led modernization, making Nagarro the single most comparable peer for Allgeier's mgm technology partners segment.
• GFT Technologies: GFT is a publicly listed German mid-cap IT services and software company specializing in digital transformation for the financial services sector. Comparable to Allgeier in size, German listing, and IT-services-plus-software model, with similar enterprise and regulated-industry customer focus.
• q.beyond AG: q.beyond is a German mid-market IT services and cloud/digitalization provider and an actual commercial partner of Allgeier's mgm technology partners (reselling the A12 platform since January 2024). Comparable size and target segment in German SME cloud and managed services.
• msg systems AG: msg is a German IT services and consulting group with strong public-sector, financial-services, and regulated-industry practices. Comparable to Allgeier in DACH footprint, vertical expertise, and the blend of proprietary software products with implementation services.
• Scheer Group: Scheer is a German digital transformation, process consulting, and SaaS provider with comparable DACH enterprise and public-sector exposure. Comparable to Allgeier in its blend of consulting-led delivery and proprietary low-code/process automation software.
• Avanade: Avanade is a global Microsoft-focused IT services and consulting firm (joint venture between Accenture and Microsoft). Highly comparable to Allgeier's SDX AG business unit in technology specialization, Azure/cloud-native delivery model, and enterprise digital transformation focus.

Broad incumbents

• T-Systems (Deutsche Telekom IT): T-Systems is the IT services arm of Deutsche Telekom with dominant German public-sector and large-enterprise footprint. Competes with Allgeier for federal/municipal IT contracts while operating at far greater scale as a broad incumbent rather than a specialized mid-cap.
• Atos (Germany): Atos is a global IT services incumbent with major public-sector and enterprise transformation business in Germany, including digital workplace, cybersecurity, and managed services. Competes with Allgeier across multiple service lines as a much larger portfolio player.
• Capgemini (Germany): Capgemini is a global IT services and consulting leader with significant German operations serving enterprise digital transformation and public-sector clients. Competes with Allgeier across consulting, application services, and AI-led modernization as a much broader incumbent.

Emerging players

• Senacor Technologies: Senacor is a German IT consultancy focused on digital transformation for banks, insurance, and public-sector clients. Smaller and more specialized than Allgeier but comparable in regulated-industry IT services delivery and DACH footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/allgeierholding
• Facebookfacebook.com/AllgeierSE

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries10 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allgeier