Tuesday, 8 September 2020

Infinum and Porsche Digital Invest 10 Million Euros in Joint Company in Croatia

Zagreb, September 8, 2020 – As Hina reports, Croatian domestic IT company Infinum, together with Porsche Digital, a subsidiary of German Porsche, is launching the Porsche Digital Croatia company in Croatia, for software design and development, artificial intelligence, and machine learning, which will see a 10 million euro investment.

Infinum is one of the leading Croatian and internationally recognized companies that has been creating software design and development since it launched in 2005, and the new company with Porsche Digital will be a development center for digital technologies.

"The company will start operating at the end of September and will be located at Zagreb's Strojarska Street, and in the next three years, we are planning to employ 100 experts who will develop and design software, artificial intelligence, that is products and services that are advancing digital ecosystem," Tomislav Car, President of the Management Board and one of the founders of Infinum, pointed out at the presentation.

He added that they have equal ownership shares in the new company with Porsche Digital. Also, after 15 years of creating digital products and services on large projects, in this partnership, they see an opportunity to create a digital future.

"The automotive industry is increasingly adapting to new technologies and business models, which we see as an opportunity for our development as well, and in business plans and joint research of new business models of the Porsche brand, but also others, such as VW," said Car adding that they will work in multidisciplinary teams.

Stefan Zerweck, the head of operations at the Porsche Digital, is also satisfied with the partnership. He assessed that the opening of the company owned by Infinum and Porsche is a strategic venture to expand the global innovation ecosystem because it shares the same business spirit and goals.

"With Infinium as a strong partner and with the international network of teams that share the knowledge, we continue to research all of the possibilities of digitalization. Infinum has everything we've been looking for, from the local recognization, awards they received, to working on the large and complex projects for global clients, where it's also important that they care for employers' education and satisfaction," said Zerweck.

 

 

 

Member of the Management Board for Finance at Porsche Digital, Ralph Knoll, regarding the joint venture, expressed the optimism for future business, and both companies consider that their partnership will attract talents to Zagreb and Croatia from technology and innovations fields, but also contribute to the country's image in terms of being desirable for the automotive industry.

Infinum currently employs about 250 experts to various clients in the world from various industries, and their products are used by millions of people around the world. For several years, even in 2019, they were on the Deloitte list as the fastest growing technology company in Europe and beyond. In addition to Zagreb, they operate and have offices in the USA and several more countries.

Porsche Digital is a technology and digital laboratory for sports car manufacturer Porsche based in Zuffenhausen, Germany, and employs around 160 people in several locations around the world. With their new office in Zagreb, their global network of innovations consists of three more locations in Europe and four additional offices in Israel, China, and the USA, with development centers in Ludwigsburg, Berlin, Tel Aviv, Shanghai, Atlanta, and Silicon Valley.

 

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