Gloster Infokommunikációs Nyrt.

What Gloster Infokommunikációs Nyrt. does

Gloster Infokommunikációs Nyrt., now operating as Gloster Digital Group Nyrt., is a publicly listed Hungarian IT services group (Budapest Stock Exchange: GLSTR) that delivers integrated enterprise technology services across cloud, software development, networking, and system integration. The group operates through multiple wholly-owned and majority-owned subsidiaries including Gloster Cloud Zrt. (Microsoft cloud services), Gloster Networks Kft. (network infrastructure), Cableline Technologies Kft. (cable/connectivity), Gloster-MINERO IT Hungary Kft., FF Next Technologies Kft., Gloster-LANOGA Kft., and internationally acquired entities such as G Plus Consulting (Germany) and P92 IT Solutions (US). It serves enterprise customers in automotive (Volkswagen, Audi), entertainment (Sony Music New York), healthcare, and fintech, combining custom software development, system integration, and Microsoft Azure cloud delivery.

The company was founded in 1997 by Viktor Szekeres, who remains Chairman and founding owner. It went public on the Budapest Stock Exchange in April 2020 (first trading day June 9, 2020) with 18,176,440 shares issued (ISIN HU0000189600) and has since pursued an aggressive buy-and-build strategy, completing eleven acquisitions between 2019 and 2024. The most consequential was the 2024 merger of Gloster Cloud Zrt. and Systemfarmer Zrt., which created Hungary's largest domestic Microsoft cloud services partner. In 2025 the company rebranded to Gloster Digital Group to reflect a strategic pivot toward digital services and AI, and appointed Starschema founder Csillag Péter as CEO.

Gloster generates revenue primarily through professional services (international software development, system integration, network infrastructure) supplemented by recurring cloud and managed services tied to its Microsoft Azure partnership. Revenue is reported on an IFRS basis: 2025 adjusted revenue was 8.651 billion HUF with corrected EBITDA of 751 million HUF, each down 16% year-on-year following the late-2024 divestiture of the systems integration business unit for approximately 1 billion HUF. The company states that 90% of revenue is recurring, order backlog grew 70% in Q3 2024, and it maintains analyst coverage from Equilor (target 1,396 HUF, Hold) and Erste (target 1,183 HUF, Buy). Operations span Hungary, Germany, and the United States, with approximately 200 employees and offices across Budapest, Nagytarcsa, Szeged, Kecskemét, and Pécs.

Name

Gloster Infokommunikációs Nyrt.

Legal name

Gloster Digital Group Nyilvánosan Működő Részvénytársaság

Website

https://gloster.hu

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

251–500 employees

Short description

Gloster Digital Group (formerly Gloster Infokommunikációs Nyrt.) is a publicly listed Hungarian IT services group delivering cloud, custom software development, networking, and system integration to enterprise clients across Hungary, Germany, and the United States through multiple subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Nagytarcsa

HQ country

Hungary

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. IT Services and Software Development: International software development services, custom software development for enterprise clients including automotive (VW, Audi), healthcare, fintech sectors
2. Cloud Computing Services: Microsoft cloud solutions including Azure services; generated approximately 1 billion HUF for system integration business unit
3. System Integration: System integration services combining multiple technology solutions for enterprise clients
4. Network Infrastructure: Network infrastructure services under Gloster Networks subsidiary

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Gloster Infokommunikációs Nyrt. (operating as Gloster Digital Group Nyrt.) is a Hungarian IT services group providing international software development, cloud computing (Microsoft Azure), system integration, network infrastructure, and cybersecurity services. It serves enterprise clients in Hungary and Central Europe through multiple wholly-owned subsidiaries, including Hungary's largest domestic Microsoft cloud partner formed through the merger of Gloster Cloud Zrt. and Systemfarmer Zrt.

Product overview

Gloster Infokommunikációs Nyrt. (now operating as Gloster Digital Group Nyrt.) is a Hungarian publicly listed IT services group offering a diversified portfolio of technology services. The company operates through multiple business units and subsidiaries including international software development, cloud services (via Gloster Cloud Zrt.), networking solutions (via Gloster Networks Kft.), and IT consulting. The group has pursued an aggressive acquisition strategy, completing multiple acquisitions including P92 IT Solutions, Euroway, Systemfarmer, and various healthcare and fintech software companies. The company serves enterprise clients with system integration, cloud infrastructure, and custom software development services.

Differentiator

Problem solved

Functional benefit

Brands

• Gloster Cloud: Microsoft cloud services business unit formed by merging Gloster Cloud Zrt. and Systemfarmer Zrt.
• Gloster Digital

Products and services

• International Software Development
• Microsoft Cloud Services
• System Integration
• Network Infrastructure

Quantifiable outcome

• 90% of revenue is now recurring/regular revenue
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Systemfarmer Zrt.coreTechnology or Integration · 15 August 2024Gloster Cloud Zrt. and Systemfarmer Zrt. merged to create Hungary's largest domestic Microsoft cloud services partner. This strategic consolidation combined two major Microsoft partners into a significant cloud services provider.
• MicrosoftcoreTechnology or IntegrationGloster operates as a Microsoft cloud solutions partner. Through the merger of Gloster Cloud and Systemfarmer, the combined entity became Hungary's largest domestic Microsoft cloud partner, offering Azure and other Microsoft cloud services.

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

Regional players

• Indra Sistemas: Indra is a Spanish IT services and systems integration company serving enterprise and public sector across Europe and Latin America. Comparable as a European-headquartered IT services peer with similar system integration and digital transformation offerings.
• Comarch: Comarch is a Polish-headquartered IT services and software company serving telecommunications, finance, and healthcare verticals across Central Europe. Comparable as a regional software development and system integration peer with vertical specialization similar to Gloster.
• Asseco Poland: Asseco is the largest IT company in Central Europe, headquartered in Poland, offering software development and IT services across the region. Comparable as a Central European regional peer serving enterprise and public sector with similar service mix.

Direct peers

• EPAM Systems: EPAM is a global IT services and custom software development firm with strong Central and Eastern European delivery centers. Highly comparable as a digital engineering and software development peer serving enterprise clients across multiple verticals.
• Avanade: Avanade is a joint venture between Accenture and Microsoft focused on Microsoft technology services and Azure cloud delivery. Directly comparable as a Microsoft-centric cloud and digital services partner competing for similar enterprise Azure migrations.
• SoftServe: SoftServe is a Ukrainian-founded IT services and software development company with delivery centers across Central and Eastern Europe. Comparable as a digital engineering peer targeting enterprise clients with cloud and custom software services.

Broad incumbents

• Accenture: Accenture is a global IT services and consulting giant with extensive cloud, system integration, and software development offerings. Broad incumbent competing for the same enterprise digital transformation mandates that Gloster targets.
• Capgemini: Capgemini is a global IT services leader with strong European presence and significant Microsoft Azure delivery capability. Comparable as a broad incumbent offering cloud, system integration, and custom software at much larger scale.
• Wipro: Wipro is a global IT services and consulting company with extensive system integration, cloud, and custom development practices. Comparable as a broad incumbent serving enterprise clients across multiple verticals with similar service offerings.
• Cognizant: Cognizant is a global IT services company with strong capabilities in digital, cloud, and application development for enterprise clients. Comparable as a broad incumbent in the enterprise IT services market where Gloster competes for digital transformation work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCmlEush4zYnhbydk_8Rw6Cw
• Facebookfacebook.com/glosterinfokom
• LinkedInlinkedin.com/company/gloster-group/posts/?feedView=all
• Xx.com/glostertelekom

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries12 records

Funding overview

Funding rounds2 records

Investors2 records

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

M&A7 records

Investments

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

Frequently asked questions about Gloster Infokommunikációs Nyrt.