Space

What Space does

Space Hellas S.A. is a Greek system integrator and value-added solutions provider listed on the Athens Stock Exchange (ticker: ATG), founded in 1985 and headquartered in Agia Paraskevi, Athens. The company delivers integrated ICT and security solutions spanning data communications and networking, hybrid IT infrastructure, cybersecurity, unified communications, cloud services (Microsoft CSP Tier-1), video surveillance and access control systems, managed services (NOC, SOC), professional services (penetration testing, digital forensics), GRC services (GDPR, ISO 27001, ISO 22301, NIS 2), and telecom services. It operates across seven countries — Greece, Cyprus, Serbia, Malta, Germany, Jordan, and Netherlands — and serves two primary customer segments: the public sector (government ministries, municipalities, public hospitals, regulatory bodies) and enterprise clients in banking, energy, aviation, and retail.

The company's technology portfolio is anchored by vendor certifications with Cisco (Gold Partner, IoT Specialization for Greece-Cyprus-Malta), Microsoft (CSP Tier-1 with Advanced Specializations in Azure migration), and Dell Technologies (Titanium Partner). Proprietary capabilities include the Integrated Security Management Platform and the SenseOne IoT & Data Intelligence platform (absorbed into Space Hellas in 2026 within the new Applied Intelligence & IoT Solutions Division). Through its 60%-owned subsidiary SingularLogic S.A., the company extends into ERP, CRM, SAP, ServiceNow, and Microsoft Power Apps solutions. Additional minority stakes in Web-IQ B.V. (32.28%, OSINT), AgroApps (35%, smart agriculture), and Mobics (mobile/IoT) round out the group portfolio.

Space Hellas generates revenue primarily through project-based system integration contracts and managed services agreements, with supplementary recurring revenue from cloud subscriptions and telecom services. The go-to-market model relies on direct enterprise field sales, public tender responses, and co-sell through technology vendor channels. FY2025 consolidated turnover was €152.9 million, with EBITDA holding at €9.3 million in H1 2025. Major customers include the Ministry of Civil Protection (€29.3M border control project), HELLENiQ ENERGY, Athens International Airport, FRAPORT GREECE, Praxia Bank, Athens Exchange Group, and Cyprus Trading Corporation. Alpha Bank holds approximately 20% of share capital as a significant shareholder.

Name

Space

Legal name

SPACE HELLAS S.A.

Website

https://space.gr

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

251–500 employees

Short description

Space Hellas is a Greek system integrator (Athens Stock Exchange: ATG) delivering integrated ICT, cybersecurity, cloud, and physical security solutions to public sector and enterprise clients across seven countries, with FY2025 turnover of €152.9 million.

Ownership category

akta.pro rank

Product category

ICT System Integration Services

NAICS

Computer Systems Design and Related Services (54151), Computer Facilities Management Services (541513), Security Systems Services (except Locksmiths) (561621)

SIC

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

akta.pro primary industry

IT Operations, Event & Incident Management (NOC/SOC-to-ITSM) (BPAEAJAH)

akta.pro secondary industries

Data Center Operations & Managed Services (Remote Hands, NOC/SOC) (HDABANAA), Attack Detection & Response for Cloud/SaaS (SOC for Cloud) (HDADAGAJ), Cloud & Infrastructure Support (Servers, Storage, Virtualization) (BPAAACAE)

Keywords

• ICT systems integration
• Cybersecurity services
• Cloud managed services
• Physical security systems
• Network infrastructure

Headquarters

HQ city

Agía Paraskeví

HQ country

Greece

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. System Integration: Design, supply, implementation and support of integrated ICT solutions combining multiple technology components from various vendors into complete working systems.
2. Managed Services: Ongoing managed services including NOC, security management and monitoring, cloud managed security, and managed firewall services.
3. Professional Services: Professional consulting services including cybersecurity audits, penetration testing, digital forensics, network mapping, and compliance consulting.
4. Cloud Services: Cloud solutions including Microsoft Azure Stack, hybrid cloud, cloud connectivity, and cloud managed services through Microsoft CSP Tier-1 partnership.
5. Telecom Services: Telecommunications services for carriers and corporate customers including network solutions and data services.
6. GRC Services: Governance, Risk and Compliance services including GDPR compliance, ISO 27001 ISMS, NIS 2 compliance, and business continuity management.
7. Meteorological Services: Provision of meteorological radar data and services on a service-level agreement basis over multi-year contract periods.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Space Hellas is a Greek System Integrator and Value Added Solutions Provider that designs, supplies, implements, and supports integrated ICT and security solutions combining multi-vendor technology components. Core offerings span ICT Solutions (data communications, hybrid IT, cybersecurity, unified communications), Cloud Services as a Microsoft CSP Tier-1 partner, Security Systems (video surveillance, access control, video analytics & AI), Managed Services (NOC/SOC, threat hunting, managed firewall), Professional Services (penetration testing, digital forensics), GRC Services (GDPR, ISO 27001, ISO 22301, NIS 2), and Telecom Services.

Product overview

Space Hellas is a System Integrator and Value Added Solutions Provider offering a comprehensive portfolio of ICT and security solutions. The company operates a platform-plus-services model with core offerings in ICT Solutions (Data Communications, Hybrid IT, Security, Infrastructure, Cybersecurity, Unified Communications), Cloud Services (Microsoft CSP Tier-1 including Azure migration and hybrid cloud), Security Systems (Video Surveillance, Video Analytics & AI, Access Control), Managed Services (NOC, SOC, Threat Hunting), Professional Services (Penetration Testing, Digital Forensics), GRC Services (GDPR, ISO 27001, ISO 22301, NIS 2 compliance), and Telecom. The portfolio is enhanced through subsidiaries including SingularLogic (ERP, CRM, SAP, ServiceNow), SenseOne (IoT & Data Intelligence), Web-IQ (Open-Source Intelligence), AgroApps (Smart Agriculture), and Mobics. Major solutions include national border control systems, ISMS/BCMS implementations, and the European BUILDSPACE project. The company serves Greece, Cyprus, Serbia, Malta, Germany, Jordan, and Netherlands markets.

Differentiator

Problem solved

Functional benefit

Brands

• Applied Intelligence & IoT Solutions Division: Division focused on IoT, data intelligence, and applied intelligence solutions addressing critical challenges across energy, buildings, enterprises, defense and security, industry, and smart infrastructure.

Products and services

• ICT Solutions Integrated ICT solutions covering data communications and networking, hybrid IT, infrastructure, cybersecurity, unified communications and collaboration, customer experience, and business solutions. Designed for public sector and enterprise organizations needing multi-vendor ICT integration projects.
• Cloud Services Cloud solutions delivered as Microsoft CSP Tier-1 partner including Azure migration, hybrid cloud, cloud connectivity, cloud managed services, Azure Virtual Desktop, and Space Managed VMware Horizon. Targeted at organizations seeking cloud transformation and managed cloud operations.
• Security Systems Physical security systems including video surveillance, video analytics and AI, access control, protection and safety systems, security systems management platform, and fire/intrusion alarm systems. Designed for critical infrastructure, airports, government facilities, and large enterprise premises.
• Managed Services Ongoing managed IT and security services including Network Operations Center (NOC), Security Operations Center (SOC), security management and monitoring, threat hunting and incident response, vulnerability management, behavioral analytics, managed firewall, and cloud managed security. Provided on subscription/contract basis to public and enterprise clients.
• Professional Services Cybersecurity and IT consulting services including red team engagement, penetration testing, vulnerability assessments, phishing readiness audits, network mapping and analysis, cyber security audit and consulting, compliance audit and remediation, digital forensics, and OS/service hardening. Targeted at organizations needing specialist security expertise.
• GRC Services Governance, Risk and Compliance services including GDPR programs, ISO 27001 ISMS implementation, ISO 22301 BCMS, NIS 2 compliance, CISO-as-a-Service, DPO Services, IT audits, risk management, and Quality Management System implementation. For organizations needing regulatory and standards compliance.
• Telecom Services Telecommunications services for carriers and corporate customers including network mapping and data solutions spanning data center connectivity, DWDM fiber optics, and network infrastructure for telecom operators.
• SingularLogic Business Solutions Software integration, ERP, CRM, HRMS, Loyalty systems, SAP solutions, ServiceNow for business workflow automation, Business Intelligence, Analytics, Microsoft Power Apps, and portals & e-commerce solutions through the SingularLogic subsidiary. Specializes in vertical solutions for retail, fuel, financial, and IoT-enabled building/city/industrial applications.
• SenseOne IoT & Data Intelligence Platform IoT and data intelligence platform enabling organizations to optimize resource management and achieve sustainable operations through smart utilization of data. Addresses challenges across energy, buildings, enterprises, defense and security, industry, and smart infrastructure. Now integrated as the Applied Intelligence & IoT Solutions Division.
• Meteorological Radar Network Services X-Band meteorological radar network services in Cyprus covering Larnaca and Paphos locations, providing meteorological information services to the Cyprus Meteorological Department on a long-term SLA basis.

Quantifiable outcome

• Delivered €29.3 million External Border Control System for Ministry of Civil Protection
• +2 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability3 records

Feature3 records

Partnerships

13 partnerships are on record, tiered minor and core.

• European Space Agency (EUSPA)minorStrategic or Co-development Partner · 6 February 2023EUSPA European Program provided €3 million funding for the BUILDSPACE project coordinated by Space Hellas and SingularLogic. Project uses satellite data analysis, digital twins, AR/VR, and drones for building energy efficiency.
• SingularLogiccoreStrategic or Co-development PartnerSingularLogic is a subsidiary member of Space Hellas Group, providing software integration, ERP solutions, and public sector software applications. Space Hellas holds 60% stake with Epsilon Net holding 40%. SingularLogic provides solutions including SAP, ServiceNow, Business Intelligence, and vertical solutions for retail and fuel sectors.
• SenseOnecoreStrategic or Co-development PartnerSenseOne was absorbed into Space Hellas as a wholly-owned subsidiary. The merger strengthens Space Hellas' technological footprint in IoT, data, and applied intelligence. SenseOne's IoT & Data Intelligence platform is now part of the new Applied Intelligence & IoT Solutions Division.
• Web-IQminorStrategic or Co-development PartnerSpace Hellas holds 32.28% stake in Web-IQ B.V. (Netherlands), specializing in Open-Source Intelligence solutions. Second round of investment completed with €1.1 million investment.
• AgroAppsminorStrategic or Co-development PartnerSpace Hellas holds 35% stake in AgroApps, a smart agriculture solutions provider. Second investment phase completed with €825,000 total investment.
• MobicsminorStrategic or Co-development PartnerMobics is a subsidiary member of Space Hellas Group, providing innovative mobile and IoT solutions.
• Epsilon SingularLogicminorStrategic or Co-development PartnerSpace Hellas holds 39.972% stake in Epsilon SingularLogic, a joint venture with Epsilon Net for commercial and accounting software applications and ERP systems.
• CiscocoreTechnology or IntegrationCisco Gold Certified Partner with multiple specializations including IoT Specialization Partner for Greece-Cyprus-Malta. Multiple Cisco Partner Awards including Partner of the Year 2018. Provides unified communications, data center, and security solutions.
• MicrosoftcoreTechnology or IntegrationMicrosoft CSP Tier-1 (Cloud Solutions Provider), Gold Partner with Advanced Specializations in Windows Server and SQL Server Migration to Azure, and Linux and Open Source Databases Migration to Azure. Operates in Greece, Cyprus, and Malta.
• Dell TechnologiescoreTechnology or IntegrationDell Technologies Titanium Partner with multiple Partner of the Year awards. Provides enterprise infrastructure, storage, and computing solutions.
• National Technical University of AthensminorStrategic or Co-development PartnerResearch partner in BUILDSPACE European project consortium for building energy efficiency.
• University of CambridgeminorStrategic or Co-development PartnerResearch partner in BUILDSPACE European project consortium.
• Municipality of PiraeusminorStrategic or Co-development PartnerUrban stakeholder partner in BUILDSPACE European project for building energy efficiency and climate resilience.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Indra Sistemas: Spanish IT services and defense systems company with a similar public-sector, defense, and transport vertical mix. Closest peer in profile: sovereign contracts (border/security), systems integration, and recurring managed services across Iberia and Latin America.
• Reply: Italian-headquartered SI and digital services group specializing in cloud, cybersecurity, and IoT/data platforms for enterprise and public sector. Closely mirrors Space Hellas's pivot toward managed services and IoT/data intelligence alongside core integration.
• Econocom: European IT integrator and managed services provider with strong public-sector and large-enterprise footprint across Benelux, France, Iberia, and Italy. Comparable on multi-vendor integration, managed workplace, and recurring services model.

Broad incumbents

• Atos: Large European systems integrator with deep public-sector, defense, and cybersecurity practices. Comparable on managed services and digital transformation offerings but operates at materially greater scale and competes for the same Greek and EU sovereign mandates.
• Capgemini: Global systems integrator with a large European public-sector and managed services practice. Competes with Space Hellas on large Greek and EU transformation mandates but at a vastly greater scale and breadth.
• Unisys: Global IT services company with a longstanding public-sector, defense, and security practice. Comparable in mission-critical systems integration and managed services, though exposed to a much broader global market.
• Computacenter: European-headquartered IT infrastructure integrator with deep Cisco/Microsoft vendor alignment and a large managed services practice. Comparable in enterprise and public-sector integration but at significantly greater scale.

Regional players

• Tietoevry: Nordic-headquartered IT services and software company serving public sector, financial, and industrial customers. Comparable scale and managed-services-led model, with primary geographic focus in the Nordics but expanding into broader Europe.
• Bittnet Systems: Romania-headquartered IT integrator and training group operating across Romania, Bulgaria, and neighboring markets. Similar sub-€200M revenue band and public-sector exposure but with a more local SE European footprint.
• Proact IT Group: Nordic-led enterprise infrastructure integrator and managed services provider. Comparable in multi-vendor data center, cloud, and security services, primarily serving Northern European enterprises and public sector.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/spacehellas

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

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 Space