EL Passion has been acquired by Monterail, one of Poland's leading software development companies.
Founded in 2010, Monterail brings together over 130 experts who design and develop innovative software for the fintech, proptech, wellness, and e-commerce industries. With over 390 successful projects delivered to clients such as Bosch, Merck and Pizza Hut, Monterail has earned recognition as one of the most trusted software development companies in Europe.
They’ve also been at the forefront of integrating AI into software development processes, a focus that perfectly aligns with EL Passion’s vision and expertise.
Consolidation as a Strategic Move
The last few years have reshaped the IT landscape. After a period of rapid growth in 2021–2022, 2023 brought a market correction that challenged many in our industry.
Both EL Passion and Monterail chose to see opportunity in this shift. Instead of simply weathering the storm, we recognized perfect conditions for strategic consolidation. Monterail announces further acquisitions this year as a part of its long-term growth strategy.
Anna Elwart, CEO of EL Passion: Specialization and consolidation are today the two most reliable development scenarios for software development companies. Wisely built scale means not only better cost distribution, but also room for maneuver for practical AI implementation.
Along with the acquisition, Monterail gains access to an extensive portfolio of over 400 digital solutions built by experts. EL Passion also brings expanded resources and deeper technical capabilities, particularly in areas such as AI-driven development, UX/UI design, and product strategy.
This strategic move will enhance Monterail’s ability to develop more innovative technology solutions that deliver business value and drive real impact.
