Epsilon

Engineering Consulting Servicesepsilon.gr

Epsilon Group is a Greek technology consulting firm specializing in aerospace, maritime, geoinformatics, and environmental engineering, delivering EU-funded research projects, GIS platforms, and spatial data solutions to European governments and research institutions across 35 countries.

Company typePrivate
Founded1991
HeadquartersAttikí, Greece
Headcount51–100
GTM typeB2B
OfferingServices

What Epsilon does

Epsilon Group (legal entity: Epsilon International S.A.) is a privately-held technology resources engineering and consulting firm founded in 1991 in Athens, Greece, with approximately 80 professionals operating from seven offices across Europe and wholly-owned subsidiaries in Malta and Cyprus (Epsilon Malta Ltd.) and Cyprus (Epsilon Consulting Ltd.). The firm delivers engineering, consulting, training, and research-driven technology services across five vertical sectors: aerospace (auto-navigation via EGNOS/Galileo and aviation security), maritime (shipping optimization and blue economy), geoinformatics (GIS, remote sensing, and spatial data infrastructure), environment (forest fire management, water and waste, and Natura 2000 monitoring), and management (multi-national project administration). Its primary customers are European government bodies, public authorities, and research institutions served through consortium participation in EU-funded Research and Technological Development programmes including H2020, FP7, LIFE+, CIP, and Eureka.

The firm's technology portfolio comprises more than a dozen specialized platforms developed primarily as EU-project deliverables. Notable products include i-Locate (indoor/outdoor location and asset management middleware using open geodata), c-Space (4D augmented reality content creation from video-based rendering, with APIs and a 2016 mobile application), FLY-SEC (risk-based screening for aviation security), AURORA (atmospheric ozone monitoring using Sentinel-4 and Sentinel-5 with web-GIS and big-data capabilities), ArcFUEL (INSPIRE-compliant fuel-type mapping for forest fire management), Greco-Risks (multi-hazard risk platform covering nine hazards), Smart Islands (3D Mediterranean island services), 3D-Aerodromes (navigational databases for 50 European airports), HERO 20-FF (micro-UAV wind field estimation), EU-GAS (gas network modeling across 10-20 EU Member States and 48 Gas Utilities), and MaltaRisks (national risk assessment for Malta). Underlying technical components include INSPIRE-compliant spatial data infrastructure, OGC standards (WMS, SOS, webGL), satellite imagery integration, and CAD data fusion.

Epsilon's revenue model is professional services and project-based, derived almost entirely from EU-funded RTD consortia and direct government consulting contracts. Pricing is not publicly disclosed. The firm reports 120 large RTD projects completed over the past decade and a significant presence in 35 countries, and has received European Commission recognition including the 2014 Best LIFE Environment Project award and the 2015 LIFE Best Project Award for ArcFUEL. Its go-to-market is sales-led and relationship-driven, relying on EU programme dissemination, conference participation, and direct engagement with European institutions and research consortia rather than product-led or self-serve channels. The firm is founder/technically-led by Prof. Marc (Markos) Bonazountas, with no external institutional investors, private equity backing, or parent company identified in the source data.

Epsilon firmographics

Firmographics

Name: Epsilon
Legal name: Epsilon International S.A.
Website: https://epsilon.gr
Company type: Private
Founded year: 1991
Operating status: Operating
Headcount range: 51–100 employees
Short description: Epsilon Group is a Greek technology consulting firm specializing in aerospace, maritime, geoinformatics, and environmental engineering, delivering EU-funded research projects, GIS platforms, and spatial data solutions to European governments and research institutions across 35 countries.
Ownership category
akta.pro rank

Epsilon industry classification

Industry

Product category: Engineering Consulting Services
NAICS: Management Consulting Services (54161), Management, Scientific, and Technical Consulting Services (5416), Computer Systems Design and Related Services (54151), Engineering Services (541330)
SIC: Services-Management Consulting Services (8742), Services-Computer Integrated Systems Design (7373), Services-Engineering Services (8711)
akta.pro primary industry: Enterprise Architecture & IT Operating Model (BPAHAEAB)
akta.pro secondary industries: Enterprise Architecture & Technology Roadmapping (BPAEAAAC), Instrumentation, Controls & Automation Engineering Consulting (BPAHAIAM)

Keywords

Engineering consulting services
Geospatial data platforms
Aerospace navigation systems
Environmental risk assessment
Maritime technology solutions

Where Epsilon is headquartered

Location

Headquarters

HQ city: Attikí
HQ country: Greece
HQ region: Europe

Offices3 records

Markets served

Epsilon business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain

Revenue model

RTD Project Services: Research and Technological Development services through participation in EU-funded projects (H2020, FP7, LIFE+, CIP, Eureka) delivering engineering solutions and consulting
Engineering & Consulting Services: Technical consulting, training, and engineering services across aerospace, maritime, geoinformatics, and environment sectors

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Epsilon product offering

Product offering

Core offering

Epsilon Group is a privately held engineering and consulting firm delivering applied research, technology development, training, and custom Web-GIS / location-based software platforms for clients in aerospace, maritime, geoinformatics, environment, and management. The company runs about 80 professionals across seven European offices, has executed roughly 120 large RTD projects in the last ten years, and operates projects primarily under EU frameworks (H2020, FP7, LIFE+, CIP, Eureka).

Product overview

Epsilon Group operates as a multi-sector technology consulting organization with a portfolio of specialized platforms across Aerospace, Maritime, Geoinformatics, Environment, and Management sectors. The portfolio includes: geospatial platforms like i-Locate (indoor/outdoor location tracking) and c-Space (4D augmented reality content creation); environmental monitoring platforms including ArcFUEL (fuel mapping for fire management), Greco-Risks (multi-hazard risk management), and AURORA (atmospheric ozone monitoring); smart city solutions such as Smart Islands (3D island services) and SUNSHINE (energy efficiency); aviation platforms like FLY-SEC (airport security) and 3D-Aerodromes (aerodrome databases); and domain-specific tools for gas networks, forest fire management, and national risk assessment. These platforms are primarily developed through EU-funded R&D projects and leverage GIS, remote sensing, and spatial data standards.

Differentiator

Problem solved

Functional benefit

Products and services

i-Locate Indoor/outdoor location-aware Web-GIS middleware that combines 3D modelling, mobile augmented reality, and indoor positioning to support location-based services for public agencies, venues, and large campuses.
c-Space Platform for creating and sharing 4D (3D + time) AR-based content using video-based rendering, aimed at visualising assets and scenarios in a time dimension for clients needing spatial storytelling and training.
FLY-SEC Aviation-security-focused RTD project output that develops tools and processes to improve situational awareness and security operations at airports and related infrastructure.
AURORA Atmospheric-environmental monitoring system that delivers algorithms and geo-tools for measuring and modelling ozone and greenhouse gas pollution, targeted at environmental agencies and researchers.
ArcFUEL Fuel-mapping platform that integrates forest-fire fuel classification with GIS to support wildfire behaviour analyses and risk modelling for civil-protection and forestry agencies.
Greco-Risks Multi-risk assessment and management system with Web-GIS visualisation and socio-economic impact analysis, designed to support national and regional disaster-risk decision-making.
Smart Islands 3D service platform for islands that combines e/m-services, tourism, and security features to improve quality of life for residents and visitors in island communities.
3D-Aerodromes 3D geo-referenced aerodrome databases built on EGNOS/Galileo GNSS, providing mapping and operational reference data for aerodrome authorities and airspace users.
HERO 20-FF Micro-UAV-based platform that performs wind-field estimation and atmospheric measurements to enable forest-fire prediction and emergency-response support.
FFM Geoportal Web-GIS geoportal dedicated to forest-fire management, providing maps, situational-awareness layers, and operational tools for fire agencies and emergency services.
SUNSHINE Smart urban-services platform that aggregates e-services, mobile services, and security applications for citizens and city stakeholders in metropolitan environments.
EU-GAS Geo-portal for the gas sector supporting transmission, distribution, storage, and LNG operations, with risk and security analysis tools for gas network operators and regulators.
smeSpire Geospatially enabled web portal that classifies Geo-ICT SMEs across Europe and provides multi-dimensional search and matchmaking tools for buyers and partners.
MaltaRisks National multi-hazard risk-assessment platform for Malta that combines GIS visualisation, risk modelling, and decision-support dashboards for public authorities.

Quantifiable outcome

120 large RTD projects completed in the last decade
+1 more outcomes

Companies that use Epsilon

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Epsilon technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Epsilon partnerships and signals

Strategic signal

Partnerships

Ten partnerships are on record, tiered core and minor.

European Commission - H2020 EO-2015coreStrategic or Co-development Partner · 1 February 2016AURORA project (H2020-EO-2015) using Sentinel-4 and Sentinel-5 missions for atmospheric ozone monitoring.
European Commission - H2020 DRS-16-2014coreStrategic or Co-development Partner · 1 May 2014FLYSEC project under H2020 focusing on aviation security chain improvement and risk-based screening for airports.
European Commission - CIP ICT PSP ProgrammecoreStrategic or Co-development Partner · 1 January 2014i-Locate project funded under CIP-ICT-PSP-2013-7 call, creating virtual hub for indoor open geographical data and indoor/outdoor tracking middleware.
European Commission Joint Research Centre (JRC)minorStrategic or Co-development Partner · 13 November 2013EU-GAS project for modeling and risk analysis of European gas networks, involving 10-20 EU Member States and 48 Gas Utilities.
European Commission - FP7 ICTcoreStrategic or Co-development Partner · 1 November 2013c-Space project (FP7-ICT-2013-10) developing 4D content creation through augmented reality and video-based rendering techniques.
Epsilon ItaliacoreStrategic or Co-development Partner · 30 March 2012Epsilon Group subsidiary that coordinated the smeSpire project supporting Geo-ICT SMEs across 12 EU Member States.
European Commission - LIFE+ ProgrammecoreStrategic or Co-development Partner · 1 October 2011ArcFUEL project (LIFE10 ENV/GR/617) developing Mediterranean fuel-type maps geodatabase for wildland and forest fire safety.
European Commission - CIP ICT PSP 2010coreStrategic or Co-development Partner · 1 August 2011SMART-ISLANDS project integrating multiple services for tourism, transportation, and environment under a 3D Smart-Islands Platform for Mediterranean islands.
European Commission/Eureka - Eurostars ProgrammeminorStrategic or Co-development Partner · 1 March 20103D-AERODROMES programme developing 3D airport navigational databases for general aviation across 50 European airports.
World Technology Organizations & Research CentrescoreStrategic or Co-development Partner · 1 January 1991Well-established links with world-leading technology organizations and research centres that support EPSILON's delivery of engineering, consulting, training, and RTD solutions across aerospace, maritime, geoinformatics, and environmental sectors.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Epsilon competitors and assessment

Company assessment

Broad incumbents

Indra Sistemas: Spanish IT and engineering firm with significant aerospace, defense, and transportation practices. Comparable to Epsilon's FLY-SEC aviation security and smart-city / transport work, operating as a much larger prime systems integrator.
CGI Group: Global IT consulting and systems integration firm with established European public-sector practice. Comparable to Epsilon's enterprise IT consulting and systems integration work, but at vastly larger scale and broader geographic reach.
Telespazio: Large European joint-venture (Leonardo/Thales) providing satellite services, geo-information, and aerospace solutions. Overlaps with Epsilon's Copernicus, Galileo/EGNOS, and aviation security work as a much larger prime contractor in the same EU space ecosystem.
Thales Alenia Space: Major European space manufacturer and Copernicus/Sentinel prime contractor. Overlaps with Epsilon's downstream use of Sentinel data (AURORA) and EGNOS/Galileo ecosystem, but as a much larger, system-level incumbent in the same EU space value chain.
e-GEOS: Italian Earth observation company (Telespazio/ASI) providing satellite data, geo-information products, and emergency mapping services. Comparable to Epsilon's AURORA atmospheric monitoring and INSPIRE-based environmental platforms, with substantially greater scale.
Atos: European IT services and consulting group with significant public-sector and space practice. Comparable to Epsilon's technology consulting and digital platform work as a broad incumbent serving EU institutions and large government clients.

Direct peers

GMV: Spanish technology group with deep expertise in aerospace, defense, satellite navigation (GNSS/Galileo), and IT systems integration. Closely comparable to Epsilon's EGNOS/Galileo-based auto-navigation and EU space programme work, though larger and more diversified.
Planetek Italia: Italian SME specializing in Earth observation, geospatial data, and satellite-based applications for environmental and infrastructure monitoring. Highly comparable to Epsilon as a similarly-sized European geo-IT consulting firm participating in EU RTD and Copernicus/H2020 projects.
GAF AG: German geo-information company providing Earth observation, GIS, and environmental monitoring services. Comparable to Epsilon in size, focus on EU-funded geospatial projects, and customer base in public sector and environmental monitoring.
DHI Group: Danish water, environment, and marine consulting firm. Comparable to Epsilon's environment & water sector work, multi-disciplinary engineering consulting, and EU/international project delivery model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Epsilon financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Epsilon leadership team

Management profile

Number of profiles

Profiles2 records

Epsilon subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

Epsilon funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Epsilon M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Epsilon

What does Epsilon do?

Is Epsilon a public or private company?

Epsilon is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Epsilon founded?

Epsilon was founded in 1991. It employs 51 to 100 people.

Where is Epsilon based?

Epsilon is headquartered in Attikí, Greece, in the Europe region.

How does Epsilon make money?

Two revenue lines are on record. RTD Project Services are the primary driver. The others are engineering & Consulting Services.

Who are Epsilon's main competitors?

Broad incumbents on record are Indra Sistemas, CGI Group, Telespazio, Thales Alenia Space, e-GEOS and Atos. Direct peers are GMV, Planetek Italia, GAF AG and DHI Group.

Does Epsilon have an API?

Yes. c-Space project offers APIs and web services for developers. The mobile application showcases how c-Space services and processing algorithms work.

What industry is Epsilon in?

Epsilon's product category is Engineering Consulting Services. Its primary akta.pro industry code is BPAHAEAB, Enterprise Architecture & IT Operating Model, with a secondary code of BPAEAAAC, Enterprise Architecture & Technology Roadmapping. Its NAICS code is 54161 and its SIC code is 8742.