Real Consulting

What Real Consulting does

Real Consulting S.A. is a Greek-headquartered IT consulting and system integration firm founded in 2001 and listed on the Main Market of the Athens Stock Exchange (ATHEX) under ticker REALCONS since September 2025. The company delivers end-to-end integrated technology solutions built on certified partnerships with SAP (only Greek SAP Platinum Partner and SAP United VARs member), Microsoft (Dynamics 365, Business Central, Copilot, Power BI), and Salesforce (Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Einstein). It operates across five service pillars — Customer Experience, Employee Experience, Enterprise Resource Management, Enterprise Management, and Enterprise Performance Management — serving 300+ enterprise clients in 25+ countries through a 550+ specialist team and subsidiaries in Germany, Cyprus, and Romania.

The company's revenue model is anchored in professional services (consulting, implementation, project delivery) and recurring managed services (Application Management Services, PMO & Advisory, SLA-based support) generated through direct enterprise sales and channel-partner motions via the SAP, Microsoft, and Salesforce ecosystems. It targets seven verticals: Energy & Utilities, Healthcare & Life Sciences, Consumer Products, Manufacturing, Retail, Public Sector, and Financial & Services, with named customers including Motor Oil, Eurobank, Terna, Pharmathen, Titan, Iatriko Athinon, Korres, and Vioser. Following the February 2026 acquisition of Open Technology Services (OTS) for approximately EUR 47 million, the combined entity projects FY2025 revenue of EUR 67 million, EBITDA above EUR 14 million, and FY2026 growth above 25%.

Real Consulting is executing an active inorganic growth and platform expansion strategy: full acquisition of AMS Cyprus (October 2025), 95% acquisition of Smart UX Development S.R.L. in Romania (July 2025, with additional stake in January 2026), and the OTS deal expanding the group into public sector and smart cities. The company launched an Innovation Hub in Ioannina (February 2026) within the Science & Technology Park of Epirus and announced an AI-driven healthcare innovation consortium with T-Systems Austria, DataMed, and the Biomedical Engineering Laboratory (EBIT) of the National Technical University of Athens to develop proprietary HealthTech IP. Strategic investors Motor Oil, Intracom, Blue Oak, and Red Arrow Holdings acquired a combined 32.56% stake in February 2026. The company holds ISO 9001:2015, ISO/IEC 27001, 27002, 27017, and 27018 certifications and is GDPR-compliant.

Name

Real Consulting

Legal name

Real Consulting S.A.

Website

http://www.realconsulting.gr

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

251–500 employees

Short description

Real Consulting is a Greek-headquartered IT consulting and system integration firm delivering SAP, Microsoft, and Salesforce enterprise solutions across customer experience, ERP, and performance management to 300+ clients in 25+ countries via a 550+ specialist team and European subsidiaries.

Ownership category

akta.pro rank

Product category

Enterprise IT Consulting & System Integration

NAICS

Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512), Management Consulting Services (54161)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371)

akta.pro primary industry

Business Process & Digital Transformation Consulting (BPAEAAAD)

akta.pro secondary industries

ERP, CRM & Enterprise Applications Consulting (BPAHAEAI), Data, Analytics & AI Consulting (BPAHAEAF), Digital & Technology Transformation Consulting (BPAHACAH)

Keywords

• Enterprise IT consulting
• System integration services
• SAP implementation partner
• Microsoft Dynamics deployment
• Digital transformation advisory

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional IT Consulting and Implementation Services: End-to-end integrated IT consulting and project delivery services across customer experience, employee experience, enterprise resource management, enterprise management, and enterprise performance management. Revenue derived from professional services engagements, project-based delivery, and ongoing application management services.
2. Managed Services and Application Management: Ongoing support and managed services including Application Management Services (AMS), PMO & Advisory services, and SLA-based support services for deployed solutions.
3. SAP, Microsoft and Salesforce Solution Delivery: Revenue generated through implementation, customization, and ongoing delivery of SAP, Microsoft Dynamics 365, and Salesforce solutions. Acts as certified implementation and integration partner for these platforms.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Real Consulting delivers end-to-end integrated IT consulting and system integration services for enterprise digital transformation, implemented on SAP, Microsoft, and Salesforce platforms. Offerings are organized into five service pillars — Customer Experience, Employee Experience, Enterprise Resource Management, Enterprise Management, and Enterprise Performance Management — supported by managed Application Management Services (AMS) and PMO/advisory engagements across 25+ countries.

Product overview

Real Consulting is an IT consulting and services group headquartered in Greece, offering end-to-end integrated technology solutions built on strategic partnerships with SAP, Microsoft, and Salesforce. The company operates a platform-plus-services model, implementing and delivering solutions across five core service pillars: Customer Experience, Employee Experience, Enterprise Resource Management, Enterprise Management, and Enterprise Performance Management. These services are delivered using the company's certified expertise in SAP platforms (Rise with SAP, SAP Cloud ERP, SAP BTP, SAP Analytics Cloud, SAP SuccessFactors), Microsoft Dynamics 365 (Finance & Supply Chain, Business Central, CRM, Copilot, Power BI), and Salesforce (Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Einstein AI). The group also includes subsidiaries and acquired companies — Real Consulting GmbH (Germany), Real Consulting Ltd (Cyprus), Real Consulting Romania, Open Technology Services (OTS), AMS Cyprus, and Smart UX Romania — and has established an Innovation Hub in Ioannina focused on AI development. With over 550 professionals serving 300+ clients across 25+ countries and listed on the Athens Stock Exchange since 2025, the company targets mid-to-large enterprises in industries including energy, healthcare, consumer products, manufacturing, retail, public sector, and financial services.

Differentiator

Problem solved

Functional benefit

Brands

• Real Consulting GmbH: German subsidiary of Real Consulting Group, providing Salesforce and SAP solutions for over ten years.
• Real Consulting Ltd. (Cyprus)
• Real Consulting Romania
• Open Technology Services (OTS)
• Innovation Hub (Ioannina)

Products and services

• Customer Experience Services

Quantifiable outcome

• Combined entity projected revenues of €67 million and EBITDA above €14 million for FY2025
• +3 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability13 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered major, minor and core.

• T-Systems AustriamajorStrategic or Co-development Partner · 30 June 2026Exclusive partnership agreement bringing global technology leadership to Real Consulting's AI-driven healthcare innovation initiatives. Combined with DataMed and EBIT-NTUA partnerships, this collaboration forms the foundation of Real Consulting's HealthTech IP development strategy.
• DataMedmajorStrategic or Co-development Partner · 30 June 2026Exclusive partnership bringing decades of healthcare domain expertise to Real Consulting's AI-driven healthcare innovation and HealthTech IP development. Combined with T-Systems Austria and EBIT-NTUA partnerships, DataMed contributes specialized healthcare industry knowledge.
• Biomedical Engineering Laboratory (EBIT) of the National Technical University of AthensmajorStrategic or Co-development Partner · 30 June 2026Exclusive research partnership with EBIT-NTUA bringing world-class academic research to Real Consulting's AI-driven healthcare innovation and HealthTech IP development. The partnership fosters knowledge transfer, research collaboration, and creation of high-value innovative solutions for healthcare digital transformation.
• BDOminorOthers · 9 February 2026BDO conducted the valuation of Open Technology Services (OTS) as part of the share swap transaction valued at approximately €3.68 million for the 9,203,824 new Real Consulting shares issued to OTS shareholders.
• Science & Technology Park of Epirus (STEPE)coreStrategic or Co-development Partner · 4 February 2026Partnership with STEPE for the establishment of the Real Consulting Innovation Hub in Ioannina, Greece. The Science & Technology Park provides the physical location and ecosystem for AI, advanced software solutions, and consulting services development, with collaboration involving the University of Ioannina's Department of Informatics and Telecommunications.
• Smart UX Development S.R.L.minorImplementation/ SI/ Consulting Partner · 7 July 2025Real Consulting acquired 95% of Romanian tech company Smart UX Development S.R.L. in July 2025, expanding its footprint in the utilities sector. The acquisition was followed by an additional stake acquisition in January 2026.
• AMS CyprusminorImplementation/ SI/ Consulting Partner · 6 July 2023Real Consulting acquired a 60% stake in AMS Cyprus in July 2023, strengthening its presence in South-Eastern Europe. Subsequently fully acquired in October 2025, AMS Cyprus is a subsidiary providing SAP services.
• SAPcoreTechnology or IntegrationSAP is Real Consulting's flagship technology partnership. Real Consulting is the only Greek SAP Platinum Partner, SAP Global Partner, SAP Certified Partner Center of Expertise, and Greek member of SAP United VARs. The partnership enables delivery of SAP solutions including Rise with SAP, SAP S/4HANA Cloud ERP, SAP BTP, SAP SuccessFactors, and SAP Analytics Cloud to enterprise clients across 25+ countries.
• MicrosoftcoreTechnology or IntegrationReal Consulting is a distinguished Microsoft Partner providing Dynamics 365 solutions including Finance & Supply Chain Management, Business Central, CRM, Copilot, and Power BI. The partnership provides early access to product updates, advanced training, and collaborative engagement within Microsoft's extensive partner network.
• SalesforcecoreTechnology or IntegrationReal Consulting is a Salesforce Partner implementing and distributing Salesforce CRM solutions including Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Data Cloud, and Einstein Platform. The partnership is recognized and endorsed by Salesforce with access to cutting-edge innovations and marketing support.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Atos: European IT services and consulting firm historically focused on SAP, Microsoft, and enterprise application integration. Comparable service-line mix and European mid-market target customers, though larger in scale and currently undergoing restructuring.
• All for One Group: European mid-market SAP consulting and systems integration specialist, similarly focused on SAP, Microsoft, and Salesforce implementation for mid-to-large enterprises. Closely comparable in scale (~€1B revenue), partnership profile, and target customer base to Real Consulting's SAP-centric business.
• Novabase: Portugal-headquartered IT services firm with focus on enterprise applications, ERP/CRM implementation, and digital transformation for the Iberian market. Comparable in being a Southern European IT consultancy serving enterprise customers with SAP/Microsoft-class capabilities.
• Sopra Steria: European-headquartered IT consulting, systems integration, and digital services firm with strong SAP, Microsoft, and Salesforce practices. Directly comparable in being a public European IT services group of similar geographic mix and target customer verticals.
• Tietoevry: Nordic-headquartered IT services and software company delivering digital transformation, ERP, and managed services across Northern Europe. Comparable in service portfolio breadth (consulting + managed services + proprietary software), regional scale (~€3B revenue), and listed-equity status to Real Consulting's combined entity.

Broad incumbents

• Deloitte: Big Four advisory firm with deep SAP, Microsoft, and Salesforce implementation capabilities across EMEA. Overlaps directly with Real Consulting on enterprise transformation engagements where Deloitte's broader consulting portfolio is a differentiator.
• NTT DATA: Global IT services firm with strong SAP and Salesforce practices and significant European delivery footprint following multiple European IT firm acquisitions. Operates in the same enterprise digital transformation market as Real Consulting at substantially larger scale.
• Accenture: Global professional services firm with the largest SAP practice among consulting firms and active Microsoft/Salesforce practices. Competes for the same enterprise digital transformation budgets at scale Real Consulting cannot match.
• Capgemini: Global IT services and consulting leader with extensive SAP, Microsoft, and Salesforce implementation practices across Europe. Competes with Real Consulting on mid-to-large enterprise transformation mandates where its global delivery network provides scale advantages.
• IBM Consulting: IBM's global consulting arm with extensive enterprise application, SAP, and hybrid-cloud transformation practices. Overlaps with Real Consulting in enterprise modernization engagements across European enterprises.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/RC_GROUP_ATHENS
• YouTubeyoutube.com/@realconsulting5480
• Facebookfacebook.com/rcgreece
• LinkedInlinkedin.com/company/real-consulting
• Instagraminstagram.com/realconsulting_group

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about Real Consulting