Brainsquare, a Belgium-based IT services provider with a global footprint backed by Dutch private equity Capital A, announces the acquisition of Delta Source, a software engineering company headquartered in Plovdiv, Bulgaria. The deal, announced on November 9, 2026, aims to expand Brainsquare’s international delivery capabilities by adding a nearshore development center in Europe.
While financial terms were not disclosed, the acquisition strategically complements Brainsquare’s existing offshore teams, particularly those in India, by providing European clients with flexible delivery options closer to home. Delta Source’s established technical team in Plovdiv, a city known for its strong university presence and technical talent pool, will integrate into the Brainsquare Group to enhance software engineering services.
Founded in Belgium over 25 years ago, Brainsquare specializes in IT services that help organizations integrate and manage complex technology landscapes. The company offers managed services, strategic partnerships for co-development of digital solutions, and specialized expertise in integration challenges. Through its subsidiary Montova, Brainsquare also provides a SaaS platform for procurement and order-to-cash process integration.
Delta Source brings a focused software engineering capability with a strong technical team based in Bulgaria. The company delivers software development services primarily through its Plovdiv office, leveraging local talent to support client projects.
Mark Van Hamme, CEO of Brainsquare, highlights the strategic value of the acquisition: “Delta Source brings valuable technical expertise and a well-established team in Bulgaria. For some of our customers, having both nearshore and offshore delivery options offers valuable flexibility. The addition of Delta Source allows us to better support those needs while further strengthening the international capabilities of the Brainsquare Group.”
The acquisition is expected to generate synergies by enabling cross-selling of managed services to Delta Source’s clients and offering combined nearshore and offshore delivery models to attract new customers. Operational efficiencies are anticipated through shared administrative functions and optimized resource allocation between the Indian and Bulgarian teams.
In the broader market context, the deal strengthens Brainsquare’s position in the European IT services sector, where demand for nearshore delivery is growing due to client preferences for regional proximity and regulatory considerations. Competitors may respond by enhancing their own nearshore capabilities or pursuing similar acquisitions.
Financial details such as deal value and multiples were not disclosed. No external advisors were reported to be involved in the transaction.
Looking ahead, Brainsquare plans to integrate Delta Source’s team and operations smoothly while maintaining service quality and client satisfaction. The company remains open to future collaborations with firms that share its entrepreneurial culture and complementary technical expertise.
This acquisition marks a significant step in Brainsquare’s ongoing strategy to expand its international delivery footprint and enhance its software engineering offerings, positioning the group for continued growth in a competitive IT services market.
