Provectus Launches Burra Group to Build a Regional IT Platform

Provectus Capital Partners has made a significant move into the technology sector with the launch of Burra Group, a new regional software engineering platform created by bringing together Devōt, Tacta, and CoreLine. The transaction was carried out through PCP SEE Fund II, while the founders of all three companies will retain minority ownership stakes and remain actively involved in the operational development, growth and integration of the new group.

Burra Group is being created at a time when the software services market is undergoing major change, driven by the rapid adoption of artificial intelligence and by growing demand from enterprise clients for specialized expertise, faster delivery and technology partners that understand complex business processes. With this move, Provectus is not building a conventional acquisition story, but a platform designed to consolidate strong engineering teams from the region and position them for larger international clients.

Together, Devōt, Tacta and CoreLine bring more than 130 software engineers and a range of complementary technological and sector-specific capabilities. Devōt is focused on AI-assisted software engineering, primarily serving clients in the US HealthTech and FinTech sectors. Tacta specializes in enterprise software development, with a strong focus on the financial services industry and other highly regulated sectors in Belgium and France. CoreLine is positioned as an AI-first digital solutions provider, with strong capabilities in mobile development and UX design, serving mainly clients from the United Kingdom and the United States.

This structure gives Burra Group several important starting advantages: international experience, sector specialization, access to different markets, and an engineering knowledge base that can be further scaled. In a broader market context, the initiative represents an attempt to consolidate a fragmented regional IT market, where there are many high-quality specialized companies but relatively few larger platforms capable of systematically serving major enterprise clients.

Burra Group will be led by Sven Marušić, a technology executive with experience in managing international IT organizations and a track record in founder exits through strategic sale processes. His role will be central to integrating the companies that are becoming part of the group, as well as to shaping a platform expected to grow through further investments and the addition of other specialized IT companies.

“The technology services market is entering a new phase driven by artificial intelligence. Burra’s objective is to bring together companies with strong engineering teams, proven domain expertise and the ability to solve complex business challenges in an AI-first environment,” said Sven Marušić, CEO of Burra Group.

According to Marušić, combining capabilities across the group should enable the creation of a platform capable of supporting large enterprise clients, accelerating innovation and expanding the reach of regional technology expertise into markets such as Germany, the United Kingdom and the United States. These markets are a natural target for companies from Southeast Europe that already have experience working with international clients, but often lack the broader organizational and sales infrastructure required for larger projects.

For Provectus Capital Partners, entering this segment marks an expansion into one of the most active areas of private equity investment globally. Technology services, particularly those connected with artificial intelligence, automation, business system modernization and the development of complex software solutions, have in recent years become an increasingly important space for platform consolidation.

“The launch of Burra Group represents an important step for Provectus into the technology sector, one of the most active areas of private equity investment globally,” said Ivan Dujmović, Partner at Provectus Capital Partners. He added that M&A activity in the regional technology sector has historically been driven mainly by strategic acquisitions, but that Provectus sees a significant opportunity to build a regional platform that brings together the strong engineering capabilities developed in Southeast Europe.

Dujmović emphasized that such an initiative can create new opportunities for the broader regional technology ecosystem. This applies in particular to local IT companies that have built relevant expertise, client relationships and delivery capacity, but need a stronger capital, organizational and international framework for the next stage of growth.

Provectus has announced that it will continue to support the growth of Burra Group through investments in specialized IT companies. The objective is to further expand the group’s technological expertise, delivery capabilities and presence across international markets. As a result, Burra Group is emerging as one of the more interesting new regional IT consolidation projects, especially at a time when artificial intelligence is changing the way software is developed, and clients are increasingly looking for partners that can combine deep domain knowledge, strong engineering capabilities and the ability to deliver complex digital solutions across multiple markets.