Epsilon Net
Epsilon Net is a privately held Greek IT group (1,700+ employees, 28 subsidiaries) providing integrated ERP, accounting, HR/payroll, e-invoicing, and embedded-banking software to 150,000+ SMEs, enterprises, and accounting offices across Greece, with international reach via subsidiaries in Cyprus, Romania, and PCS fintech.
- Company typePrivate
- Founded1999
- HeadquartersKallithéa, Greece
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What Epsilon Net does
Epsilon Net (legal entity EPSILONNET A.E.) is a privately held Greek IT group founded in 1999 and headquartered in Thessaloniki, with 1,700+ employees organized across 28 subsidiaries and a 500+ partner network serving more than 150,000 businesses and independent professionals in Greece. The group operates as a one-stop-shop provider of integrated business software, digital content, and vocational education, with core revenue derived from subscription and license sales of enterprise software (ERP, CRM, HRMS, WMS, accounting, payroll, e-invoicing) to SMEs, large enterprises, accounting offices, freelancers, and vertical specialists in pharmacy, hospitality, energy, and agriculture.
The product portfolio is built on a hybrid cloud/on-premise architecture (PYLON Hybrid on Microsoft Azure / .NET) supplemented by the EPSILON SMART cloud ERP, the Hyper.Axion accounting and payroll suite, and the Epsilon Smart Ergani Digital Employment Card, with embedded banking delivered through Epsilon Pay (co-developed with National Bank of Greece) and AI-augmented features branded as "Agentic AI" (CFO Assistant, Invoice IQ, ProfitPLANNER). The group holds ISO 9001:2015 and ISO/IEC 27001:2022 certifications, is an AADE-certified electronic invoicing provider, and operates proprietary content portals (e-forologia.gr, taxheaven.gr) and training subsidiaries (Epsilon Training, Epsilon College) with locations in Athens and Thessaloniki.
The business model combines recurring SaaS/cloud subscriptions, perpetual licenses, certified e-invoicing managed services, embedded-banking transaction fees, channel referral commissions via the EPSILONNET Accounting Partner program, and professional training revenue. Distribution runs through direct enterprise sales, a 500+ partner reseller network, self-serve digital channels, the National Bank of Greece for Epsilon Pay, and Epsilon Training/College for education, with international footprint in Cyprus, Romania, and 10+ countries via the PCS fintech subsidiary.
Epsilon Net firmographics
Firmographics- Name
- Epsilon Net
- Legal name
- EPSILONNET A.E.
- Website
- https://epsilonnet.gr
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Epsilon Net is a privately held Greek IT group (1,700+ employees, 28 subsidiaries) providing integrated ERP, accounting, HR/payroll, e-invoicing, and embedded-banking software to 150,000+ SMEs, enterprises, and accounting offices across Greece, with international reach via subsidiaries in Cyprus, Romania, and PCS fintech.
- Ownership category
- akta.pro rank
Epsilon Net industry classification
Industry- Product category
- Enterprise Business Software (ERP, CRM, HRMS, Payroll, E-Invoicing and Embedded Banking)
- NAICS
- Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)
Keywords
Where Epsilon Net is headquartered
LocationHeadquarters
- HQ city
- Kallithéa
- HQ country
- Greece
- HQ region
- Europe
Offices3 records
Markets served
Epsilon Net business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Enterprise Software Licenses and Subscriptions: Sale and subscription of ERP, CRM, HRMS, WMS, accounting, payroll, and industry-specific software solutions to businesses of all sizes. Includes perpetual licenses and recurring SaaS/cloud subscriptions.
- Certified E-Invoicing Provider Services: Revenue from providing certified electronic invoicing services as an AADE-authorized provider, including myDATA transmission services.
- Embedded Banking - Epsilon Pay: Embedded banking platform generating revenue through transaction facilitation and value-added financial services co-developed with National Bank of Greece.
- Professional Training Services: Epsilon Training and Epsilon College provide certified professional education, vocational training, and postgraduate programs through educational centers in Athens and Thessaloniki.
- EPSILONNET Accounting Partner Program: Channel partner program offering software products, network services, and training subscriptions to accounting offices, with tiered benefits and referral commissions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | EPSILON SMART Platinum Edition - cloud ERP for businesses |
| Subscription | Annual | INVOICE IQ - Automated invoice matching |
| Subscription | Annual | Digital Employment Card (myERGANI) solutions |
| Hybrid | Annual | EPSILONNET Accounting Partner program |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels10 records
Epsilon Net product offering
Product offeringCore offering
Epsilon Net (EPSILONNET A.E.) is a Greek business software group that develops, sells and supports integrated enterprise applications (ERP, CRM, HRMS/payroll, supply chain, retail, hospitality, pharmacy, e-invoicing) through its PYLON Hybrid and EPSILON SMART cloud platforms. The group also operates Epsilon Pay, an embedded banking platform co-developed with National Bank of Greece, and provides certified electronic invoicing services to AADE/myDATA, serving over 150,000 businesses and professionals in Greece through 28 subsidiaries and 500+ certified partners.
Product overview
EPSILON NET is a rapidly growing Greek IT Group serving as a catalyst for digital transformation of Greek businesses. The portfolio is organized as a platform-plus-modules architecture centered on three ERP families: PYLON Hybrid (an integrated Agentic AI ERP covering ERP, CRM, SCM, HRM, retail, and industry-specific modules), EPSILON SMART (cloud ERP for SMEs with Agentic AI via the Platinum edition), and Hyper.Axion (accounting and payroll for accounting offices). Supporting these are specialized solutions including Epsilon Pay (embedded banking with National Bank of Greece), Epsilon Smart Ergani (Digital Employment Card), Tax System 5 (tax document management), Employee Self Service (ESS), ProfitPLANNER (AI-driven tax audit planning), and Epsilon Hospitality (tourism/hospitality PMS, booking engine, channel manager). The Group also operates Epsilon College (postgraduate education) and Epsilon Training (professional certification), and holds subsidiaries in pharmacy IT (CSA), fintech (PCS), tourism technology (Hotel Availabilities, BookOnlineNow, HotelonCloud), and ERP/IT services (Orosimo Software, Data Communication, SingularLogic). The Group employs 1,700+ people, serves 150,000+ businesses, and maintains 500+ partners across Greece.
Differentiator
Problem solved
Functional benefit
Brands
- Epsilon SingularLogic: Enterprise software and ERP solutions subsidiary
- Epsilon Hospitality
- Epsilon HR
- Epsilon Training
- Epsilon College
- Epsilon Pay
- Epsilon Smart
- PYLON
- Tax System
- Hyper.Axion
- TaxHeaven
- E-forologia
- Epsilon CSA
- Epsilon Financials
- Epsilon Center
- Data Communication
- PCS
- Orosimo Software
Quantifiable outcome
- 150,000+ businesses, organizations, and independent professionals served with digital transformation solutions
- +5 more outcomes
Companies that use Epsilon Net
Customer profileNamed customers34 records
Segments9 records
Ideal customer profiles6 records
Epsilon Net technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability7 records
Feature9 records
Epsilon Net partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- National Bank of Greece (NBG)coreStrategic cooperation agreement for embedded banking. EPSILON NET and NBG co-developed Epsilon Pay, an embedded banking platform enabling automated invoice collection, RF code generation, real-time transaction reconciliation, and automatic ERP accounting entries. NBG provides its Open Banking platform (APIs), while EPSILON NET provides its ERP and billing system integration. The platform won 3 distinctions at Digital Finance Awards 2024. The service is distributed through NBG's sales network and EPSILON NET's ERP products (PYLON, GALAXY, EPSILON SMART).
- MicrosoftcoreEPSILONNET leverages Microsoft Azure cloud infrastructure for its SaaS products and is a Microsoft partner providing Microsoft AI Powered Business Applications, Power Apps, and Microsoft Dynamics 365 Finance & Operations implementations (via Data Communication subsidiary).
- European Universities (affiliations for Epsilon College)minorEpsilon College partners with top European universities to offer acknowledged postgraduate study programs and certified professional degrees in fields such as Informatics, HR Management, Accounting, and Finance.
- Hotel Availabilities LtdminorEPSILONNET acquired majority stakes in Hotel Availabilities Ltd (tourism technology company specializing in hotel availability and booking solutions) as part of expansion into the tourism and hospitality sector.
- BookOnlineNow IKEminorEPSILONNET acquired majority stakes in BookOnlineNow IKE (tourism technology company) as part of building an integrated tourism industry software portfolio.
- HotelonCloud LtdminorEPSILONNET acquired majority stakes in HotelonCloud Ltd (cloud-based hotel management solutions provider) as part of building an integrated tourism industry software portfolio.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Epsilon Net competitors and assessment
Company assessmentBroad incumbents
- SAP: Global ERP giant whose SAP Business One and S/4HANA lines target the same mid-market and SMB ERP customer base as Epsilon Net's PYLON Hybrid and Epsilon Smart suites, including in Greece. Directly competing for large enterprise deals, with much broader geographic and functional scope.
- Oracle (NetSuite): Oracle's NetSuite is a leading cloud-native ERP/financials suite targeting SMB and mid-market customers globally — directly overlapping with Epsilon Net's PYLON and Epsilon Smart offerings. Oracle's broader technology portfolio gives it substantially deeper R&D resources.
- Workday: Cloud-native enterprise HCM and financial management platform whose payroll, HR and people-analytics capabilities broadly overlap with Epsilon Net's HRMS (Hyper.Axion Payroll, ESS, PYLON HRM) for larger enterprise customers. Mostly competes for the upper tier of Epsilon Net's customer pyramid.
- Microsoft Dynamics 365: Dynamics 365 Business Central and Finance & Operations compete in the same ERP/accounting space as Epsilon Net. Notably, Epsilon Net partners with Microsoft (Azure, Dynamics implementations via Data Communication) while simultaneously competing for Greek mid-market deals — a dual relationship with a major platform incumbent.
Direct peers
- Odoo: Belgian open-source ERP/CRM suite targeting SMBs worldwide with modular accounting, inventory, HR, e-commerce and POS apps. Directly comparable to PYLON and Epsilon Smart on modular SMB ERP, with a global community-led go-to-market rather than local regulatory specialization.
- Visma: Nordic-headquartered software group with ~1.4M+ customers, deeply comparable to Epsilon Net in scale and portfolio breadth across accounting, payroll, HR, ERP and fintech for European SMBs. Operates as a federation of acquired local brands, similar to Epsilon Net's 28-subsidiary structure.
- Exact: Netherlands-based vendor of cloud accounting and ERP software for European SMBs and accountancy practices. Comparable to Epsilon Net in product scope (accounting, ERP, payroll), target segment (small and mid-sized businesses, accountants) and European SMB focus.
- Sage Group: UK-headquartered software vendor focused on accounting, payroll and ERP for SMBs and accounting practices. Closely comparable to Epsilon Net in target customer (small businesses, accountants) and product mix (accounting, payroll, HR), and competes for similar European SMB mind-share.
Regional players
- Cegid: France-based business software group covering SMB accounting, payroll/HR, ERP and retail/POS. Highly comparable product mix to Epsilon Net's PYLON, Epsilon Smart, Hyper.Axion Payroll and Epsilon Smart Retail lines, with a regional (French) geographic concentration analogous to Epsilon Net's Greek focus.
- Unit4: Netherlands-based mid-market cloud ERP and HCM vendor with comparable coverage of financials, HR/payroll and vertical ERP, focused on European geographies. Less direct overlap than Sage/Visma on Greek SMB market but a credible alternative for larger Epsilon Net prospects evaluating cloud suites.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Epsilon Net social profiles
Digital presenceEpsilon Net compliance and trust
Trust signalCompliance2 records
Epsilon Net financial estimates
Financial estimateRevenue estimate
Valuation estimate
Epsilon Net leadership team
Management profileNumber of profiles
Profiles3 records
Epsilon Net subsidiaries and ownership
Company hierarchySubsidiaries29 records
Epsilon Net funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Epsilon Net M&A and investment
M&A and investmentM&A6 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Epsilon Net
What does Epsilon Net do?
Epsilon Net (EPSILONNET A.E.) is a Greek business software group that develops, sells and supports integrated enterprise applications (ERP, CRM, HRMS/payroll, supply chain, retail, hospitality, pharmacy, e-invoicing) through its PYLON Hybrid and EPSILON SMART cloud platforms. The group also operates Epsilon Pay, an embedded banking platform co-developed with National Bank of Greece, and provides certified electronic invoicing services to AADE/myDATA, serving over 150,000 businesses and professionals in Greece through 28 subsidiaries and 500+ certified partners.
Is Epsilon Net a public or private company?
Epsilon Net is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Epsilon Net founded?
Epsilon Net was founded in 1999. It employs 1,001 to 5,000 people.
Where is Epsilon Net based?
Epsilon Net is headquartered in Kallithéa, Greece, in the Europe region.
How does Epsilon Net make money?
Five revenue lines are on record. Enterprise Software Licenses and Subscriptions are the primary driver. The others are certified E-Invoicing Provider Services, embedded Banking - Epsilon Pay, professional Training Services and EPSILONNET Accounting Partner Program.
Who are Epsilon Net's main competitors?
Broad incumbents on record are SAP, Oracle (NetSuite), Workday and Microsoft Dynamics 365. Direct peers are Odoo, Visma, Exact and Sage Group. Regional players are Cegid and Unit4.
Does Epsilon Net have an API?
No public API is recorded for Epsilon Net.
What industry is Epsilon Net in?
Epsilon Net's product category is Enterprise Business Software (ERP, CRM, HRMS, Payroll, E-Invoicing and Embedded Banking). Its primary akta.pro industry code is HDAEAEAA, Core ERP Suites (Financials, Procurement, Projects). Its NAICS code is 54151 and its SIC code is 7373.