This technology team from Alicante continues its growth, reporting stronger invoices, a streamlined registration process, and a fresh expansion into a new business area under the Meana Group umbrella. The company remains committed to broadening its activity and entering new markets as part of its ongoing strategy.
Following a dip in 2020 due to the pandemic, the software development and tax management service specialist closed the last year with revenue around 1.40 to 1.405 million euros, marking a 29 percent rise and a new high for the firm. The best year prior to this had been 2019, with a turnover of 34.4 million euros. The improvement is attributed to a larger client base, as the business closed the year with 60 contracts, including new awards and renewals of existing ones.
Among the year’s notable milestones is the first full year since AnaCap, a private equity fund, took control and appointed Charles Rich as General Manager. The firm also opened a new line of business with a notable contract for autonomous tax management software in Cantabria. The ten-year agreement is valued at 7.1 million euros and signals a strategic move into extended public sector applications.
Until recently, the company focused on municipal tax management, working directly with city councils or through county councils. In addition to this core work, GTT pressed ahead with international expansion that began with the 2019 acquisition of the Dominican firm GSM Consortium, which has become a major provider of tax administration services in that country. In 2021, the company also signed its first international contract as a tax software technology provider with the central government of Honduras, a project supported by the Ibero-American Development Bank.
New acquisition and regional growth
The year’s positive results encouraged GTT to continue its acquisition strategy. In Spain, the Basque company Gesmunpal, purchased three years earlier, facilitated expansion into the north of the country and penetration of the market for medium-sized municipalities. Now the Alicante technology group has announced the acquisition of the Meana Group’s Public Administration division, which operates a leading electronic management platform and is recognized as a primary supplier of such solutions to the Public Sector.
This new business segment aligns with a broader plan to expand into tax management services, a sector ripe for digitization as administrations push to modernize operations in response to the pandemic. GTT sees substantial growth potential in the national and international rollout of Meana Group’s electronic processing capabilities, reinforcing a broader portfolio that spans multiple governance layers.
The Meana platform’s viability is seen as enhanced by this acquisition, enabling broader reach across public administrations in both national and international markets. Analysts point to the move as a key catalyst for GTT’s evolution into a more comprehensive tax administration technology provider, with an emphasis on automated processes and scalable digital workflows.
Public sector impact and regional leadership
The company’s programs are already deployed across thousands of local, provincial, and regional bodies. Notable clients include several large city councils and numerous county administrations. The GTT framework, created in 1998, emerged when a group of administrators in the Alicante Diputación decided to apply a private-sector model to regional tax management, steering the project under leadership that continues to influence the company’s direction. The firm has since evolved through strategic ownership changes, including a shift to AnaCap in 2020 and subsequent board strengthening with new leadership and technology executives.
The governance team has recently expanded with the addition of leaders in technology and research, notably a recognized expert who heads a European artificial intelligence network, bringing advanced analytics capabilities to the company’s platform. This expertise supports ongoing enhancements in automation, data processing, and decision support for public sector clients.
The strategic emphasis remains on delivering robust tax administration solutions while expanding into broader public sector applications and international markets, positioning GTT as a key player in the digitization of government services. This approach reflects a market-wide trend toward more efficient, transparent, and scalable tax management systems that improve service delivery for citizens and government bodies alike.
Citation note: these developments reflect company disclosures and industry commentary that trace GTT’s growth trajectory, acquisitions, and leadership changes through the period described above. The information about contracts, revenues, and strategic moves aligns with public statements and market analysis reported by industry observers.