Etnaga

What Etnaga does

ETNAGA – Consultores Sistemas Informação is a privately held Portuguese IT consulting and software company founded in 1991 and headquartered in Queijas – Oeiras, Portugal. The company operates across five primary intervention areas — Banking, Culture, Education, Government, and Services — combining traditional IT consulting (analysis, design, programming, implementation) with a portfolio of proprietary software products. Its core technology stack is built on .NET and Java using conventional database and web-portal architectures, packaged into domain-specific platforms such as BOL (Bilheteira Online, a ticketing and event-product management platform issuing over 4 million tickets annually), AQUILA (a collaborative academic information system portal), and the GEST product family covering time reporting, financial analysis training, and veterinary hospital management, alongside customizable invoicing (FACTURAÇÃO) solutions.

The business model blends professional services revenue from custom software development, maintenance contracts, and consulting engagements with recurring and transactional revenue from proprietary platforms. BOL generates transaction-fee and platform-usage income across 400+ adherent entities and 1500+ physical points of sale in Portugal, while maintenance, hosting, and web design contribute subscription-style recurring revenue. Customer concentration is spread across named enterprise clients (Millennium BCP, Santander Totta, SL Benfica, Rock In Rio, Air Liquide, ISS), higher education institutions (ISEG, UTL, ISEFE), and public-sector bodies (MTSS, Direção Geral de Veterinária, Câmara Municipal do Porto, EGEAC).

Geographically, ETNAGA is anchored in Portugal but has extended BOL operations into Spain, Hungary, and Angola, with prior project presence in Mozambique. Its go-to-market is sales-led, relying on direct engagement, a website-driven inquiry funnel, and an authenticated client portal. The company holds PME Líder and PME Excelência status from IAPMEI, and in November 2025 Impresa media group divested its 26.4% stake for €1 million as part of Impresa's restructuring, consolidating ETNAGA's ownership more closely with its founding operators. There is no public revenue, headcount-trend, or funding data disclosed beyond the corporate structural event.

Name

Etnaga

Legal name

ETNAGA - Consultores Sistemas Informação

Website

https://etnaga.pt

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

ETNAGA is a Portuguese IT consulting and software company founded in 1991, offering proprietary platforms including the BOL ticketing platform (4M+ tickets annually), the AQUILA academic management portal, and specialized business software for enterprise, education, government, and event-promotion clients.

Ownership category

akta.pro rank

Product category

IT Consulting and Custom Software Development

NAICS

Management, Scientific, and Technical Consulting Services (5416), Custom Computer Programming Services (541511)

SIC

Services-Management Consulting Services (8742), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Instrumentation, Controls & Automation Engineering Consulting (BPAHAIAM)

Keywords

• IT consulting services
• Custom software development
• Event ticketing platform
• Academic management systems
• IT maintenance support

Headquarters

HQ city

Queijas

HQ country

Portugal

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. IT Consulting Services: Providing consultancy with broad competencies covering all key aspects of IT projects with solid knowledge of the Information Systems and Technology market. Services include analysis, design, programming, and implementation of custom solutions.
2. Custom Software Development: Building solutions tailored to client needs using various programming languages and creating personalized projects directed at specific requirements.
3. Ticketing Platform Services: BOL platform provides event ticketing services with over 400 adherent entities and 1500+ sales points. Revenue generated from transaction fees and platform usage.
4. Maintenance Services: Information systems maintenance and user support services for implemented systems.
5. Web Hosting and Design: Website hosting services on company servers with technical support, and web design services for client business image.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Etnaga is a Portuguese IT consulting and software development company that delivers custom software solutions, proprietary platforms (including the BOL ticketing platform processing 4M+ tickets annually and the Aquila academic portal), and complementary services such as consulting, system maintenance, web design, hosting, and networking for clients in banking, education, culture, government, and services sectors.

Product overview

ETNAGA is an IT consulting company founded in 1991 that provides a portfolio of proprietary software products and professional services. The product portfolio includes BOL.PT (Bilheteira Online), an event ticketing and management platform processing over 4 million tickets annually; PLATAFORMA AQUILA, an academic management portal; GEST-TIME for time reporting and project cost management; GEST-ANAF for financial analysis training; GEST-ANIM for veterinary hospital management; and FACTURAÇÃO for invoicing across multiple business sectors. The company operates across five areas of intervention: Banking, Culture, Education, Government, and Services. In addition to software products, ETNAGA offers consulting, maintenance, design, hosting, and network services.

Differentiator

Problem solved

Functional benefit

Brands

• BOL (Bilheteira Online): Interactive and innovative platform for ticket and product management for Event Promoters in Cultural, Sports, Recreational and Entertainment areas. Currently responsible for issuing over 4 million tickets annually with events in Portugal, Spain, Hungary and Angola.
• AQUILA
• GEST-TIME
• GEST-ANAF
• GEST-ANIM
• FACTURAÇÃO

Quantifiable outcome

• Over 4 million tickets issued annually through BOL platform
• +2 more outcomes

Named customers21 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Mypublicticket: Portuguese ticketing SaaS platform focused on cultural events and public institutions. Comparable to BOL in serving Portuguese cultural promoters, government-affiliated venues and ticketing for theater, music and municipal events.
• Ticketline: Portuguese online ticketing platform for concerts, theater, sports and cultural events. Directly comparable to BOL in Portuguese event ticketing market, sharing similar promoter base and POS distribution model.

Emerging players

• Fever: Discovery and ticketing platform for experiences and events, particularly in Iberia, LatAm and other Southern markets. Comparable to BOL in leisure and entertainment ticketing and in Iberian/Lusophone market overlap.

Direct peers

• See Tickets: Pan-European ticketing platform serving entertainment, sports and cultural events. Comparable to BOL in Iberian and European event ticketing focus, multi-country POS network, and promoter SaaS model.
• Eventbrite: Global self-service event ticketing platform. Directly comparable to Etnaga's BOL platform in core ticketing functionality and event promoter use case, though operating at vastly greater scale and across many more geographies.
• Cvent: Event management and ticketing SaaS platform serving corporate events, associations and venues. Comparable to BOL in ticketing and event product management for promoters, with stronger enterprise event focus.

Broad incumbents

• Novabase: Largest Portuguese IT services and consulting firm, listed on Euronext Lisbon. Comparable to Etnaga's IT consulting, custom software development and systems integration offerings in the Portuguese market, but operating at substantially larger scale and broader portfolio.
• Deloitte Portugal: Big-4 consulting firm operating in Portugal across technology, banking and public sector. Comparable to Etnaga's IT consulting practice serving clients like Millennium BCP, Santander Totta and government ministries, though at much larger scale.
• NTT Data Portugal (formerly Everis): Global IT services and consulting firm with significant presence in Iberia and Portugal. Comparable to Etnaga in IT consulting and systems integration for banking and enterprise clients, but with international delivery scale.
• Pararede: Portuguese IT solutions and systems integrator with consulting and custom development practices. Comparable to Etnaga's IT consulting and custom software business serving enterprise and public-sector clients in Portugal.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/etnaga.pt
• LinkedInlinkedin.com/company/etnaga

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Etnaga