New York (ots/PRNewswire) – Partnership with a company run by the founder aims to support strategic acquisitions, accelerated growth and expansion into new markets
One Equity Partners (“OEP”), a medium-sized private equity firm, today completed the acquisition of VASS Consultoría de Sistemas SL (“VASS” or “the Company”), a leading European provider of digital transformation solutions , Cloud infrastructure and managed IT services. The terms of the transaction have not been published.
VASS, headquartered in Madrid, specializes in the digital transformation of its customers’ value chain through the implementation and maintenance of customer relationship management and enterprise resource applications and the provision of technology infrastructure services. The company has many years of experience with big data, the implementation of robotic process automation, intelligent business process management and similar technologies.
“We have analyzed the Spanish IT services market in detail for 18 months and are convinced that VASS is the perfect buy-and-build platform. The company offers industry-leading services to its customers through digital transformation solutions that complete the entire Spanning the value chain, wanting to remain competitive, “said Jörg Zirener, Senior Managing Director at One Equity Partners. “This transaction is representative of OEP’s approach to partnering with founders who have a strong track record of organic growth and investing in market-leading technology companies.”
OEP has a long track record of working with founders and shareholders of high quality, high growth global IT services and enterprise software companies. Thanks to OEP’s expertise in transformative acquisitions and organic growth investments, they can gradually expand their technological capabilities, geographic reach and market share.
“A comparable investment by OEP in the European IT services sector, that of the Italian digital solutions provider Lutech, allowed Lutech to grow from 180 million euros to 440 million euros in less than three years. During this time, Lutech has added 15 add-ons -Acquisitions brought highly sought-after technologies on board that convinced founders and management teams to become part of this exciting development, to be a larger sales channel for its suppliers and a more comprehensive partner for its customers, “says Sebastian Schatton, Associate at One Equity Partners. “We are convinced that Vass is the perfect platform to implement a similar growth development in Spain and Latin America.”
“We are very excited about the partnership with OEP and look forward to offering next-generation IT consulting solutions across Europe for companies that want to improve their business models, offer innovative services and improve the customer experience through digital transformation,” says Francisco Javier Latasa, Founder and CEO of VASS, who will continue to be an investor in the company.
Demand for cloud infrastructure services, cloud software and cybersecurity is expected to drive growth in Spain’s digital services sector. Infrastructure services are the largest segment of the managed IT services market in the country and generate around half of total annual revenue, followed by network and security services.
OEP has experience in building IT consulting and software companies, and has built Infobip, a global cloud communication platform for the largest companies in the world; CDI, a leading US provider of technology infrastructure hardware and software, consulting, and managed services; and Lutech, an Italian IT systems integration and solutions provider.
Information on One Equity Partners
One Equity Partners (“OEP”) is a medium-sized private equity firm specializing in the industrial, healthcare and technology sectors in North America and Europe. The company builds market leaders by identifying and executing transformative business combinations. OEP is a trustworthy partner with a differentiated investment process and a diverse and experienced team. It has a long track record and generates long-term value for its partners. Since 2001, the company has completed more than 300 transactions worldwide. OEP, founded in 2001, was spun off from JP Morgan in 2015. The company has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, visit www.oneequity.com.
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Kelly Holman
Stanton
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KHolman@StantonPRM.com.
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