Tag Archives: Information technology

DIF CIF II portfolio company Joink has signed an agreement to acquire CTI

DIF

DIF Capital Partners is pleased to announce that its DIF CIF II portfolio company Joink, LLC, has entered into a definitive agreement to acquire 100% of Computer Techniques, Inc. (CTI). This acquisition will provide additional management and capital resources to support the current CTI team and significantly increase the speed of CTI’s fiber-to-the-home deployment in Central Illinois. The acquisition is subject to regulatory approval.

CTI co-founders Adam Vocks and Billy Williams founded the company in 1998. Over the years the company has transformed from a computer sales and service business into a facilities-based provider that now exclusively services its connectivity customers with fiber optics. The CTI network passes over 12,000 homes across Christian County and Montgomery County, supported by staff from its offices in Taylorville and Hillsboro in Illinois. CTI provides internet, voice, and video to residential customers and internet, voice, and private transport data solutions to business customers.

“We are very pleased to see Joink executing on the growth plan and adding new markets in Illinois, through the acquisition of CTI,” stated Willem Jansonius, Partner and Head of Investments for the DIF CIF strategy. “The strategic rationale of the CTI acquisition is fully aligned with our fiber-to-the-home roll out strategy to ensure that the residents in Indiana and Illinois have reliable high-speed internet access. This highly complementary acquisition by Joink will allow it to serve customers better and continue to further bridge the digital divide.”

“We look forward to integrating CTI’s operations and team led by Bobbie Dean, CTI’s CEO, who will be part of the senior leadership team of Joink, after the transaction closes. Central Illinois had a great day today as we announce our plans to accelerate the expansion of CTI’s fiber network.” stated Josh Zuerner, President and CEO of Joink. “We recognize the importance of high-quality broadband and look forward to providing a best-in-class fiber-optic connectivity experience to end users in Illinois and Indiana.”

Pinpoint Capital Advisors served as financial advisor to CTI. Agentis Capital served as financial advisor to Joink and DIF.

About DIF Capital Partners

DIF Capital Partners is a leading global independent investment manager, with ca. EUR 14 billion in assets under management across eleven closed-end infrastructure funds and several co-investment vehicles. DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Australia through two complementary strategies:

  • Traditional DIF funds, of which DIF Infrastructure VI is the latest vintage, target core infrastructure equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and energy transition projects (incl. renewable energy).
  • DIF CIF funds, of which DIF CIF III is the latest vintage, target equity investments in small to mid-sized core-plus infrastructure companies in the telecom, energy transition, and transportation sectors.

DIF Capital Partners has a team of over 190 professionals, based in eleven offices located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney, and Toronto. For more information please visit www.dif.eu.

Contact: Thijs Verburg, t.verburg@dif.eu.

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Partners Group to expand the shareholder base of USIC, the leading North American provider of utility location services; Kohlberg & Company to acquire a 50% stake

Partners Group

New York, US; 10 August 2022

  • Partners Group will retain a 50% co-lead interest in USIC
  • Together, Partners Group and Kohlberg will implement new value creation initiatives
  • The transaction values USIC at an enterprise value of USD 4.1 billion

Partners Group, a leading global private markets firm, is, on behalf of its clients, expanding the shareholder base of United States Infrastructure Corporation (“USIC” or “the Company”), the leading North American provider of utility location services. Kohlberg & Company (“Kohlberg”) is acquiring a 50% stake in USIC and Partners Group will retain a 50% co-lead interest. Kohlberg was joined in this investment by a group of new partners that includes funds managed by Neuberger Berman. The transaction values USIC at an enterprise value of USD 4.1 billion.

Founded in 2008 and headquartered in Indianapolis, USIC is a leading provider of outsourced “utility locate” services, which involve locating, identifying, and marking sub-surface utility infrastructure such as pipes, cables, and fiber. These services are provided on behalf of public utilities that are required by law to ensure underground infrastructure is marked correctly before ground is broken on any new project. USIC currently serves over 1,300 customers in the US and Canada across six utility markets: cable, telecom, electric, gas, water, and sewer. It has a workforce of 9,000 technicians that perform 80 million locates each year. The demand for USIC’s services is set to rise due to higher excavation activity following President Biden’s Infrastructure Bill, new 5G densification initiatives, increased awareness of the importance of conducting locates, and a shift to outsourcing on the part of utilities.

Since acquiring USIC in 2017, Partners Group has installed an entrepreneurial Board that has helped transform the Company and drive strong organic growth, with EBITDA increasing 77% in the last five years. Key value creation initiatives have included investing in technician training, launching new tools to improve productivity and operational performance, and capturing pricing adjustments and improved contract terms. Partners Group also introduced a program to improve USIC’s approach to health & safety, which has led to technician motor vehicle accidents falling by a third and field injuries and lost-time incident rates halving. Partners Group and Kohlberg will implement new value creation initiatives to further build on these foundations, including investing in sales and digital capabilities.

Mike Ryan, Chief Executive Officer, USIC, comments: “Underlying excavation demand has remained stable for decades, driven by routine infrastructure maintenance as well as commercial and residential construction, and we are now looking ahead to a new period of market growth. USIC’s national scale, fast response times, and reputation for quality positions us well to capitalize on this growth. Partners Group has been instrumental in transforming USIC’s services and we are delighted to continue working with the firm, while welcoming Kohlberg on board.”

Joel Schwartz, Partner, Co-Head Private Equity Services Industry Vertical, Partners Group, says: “USIC has a strong, resilient business model that is underpinned by consistent demand from a blue-chip customer base and long-term contracted cashflows. Our thematic research shows the locating services market is experiencing growth tailwinds and we have conviction in USIC’s future prospects, as demonstrated by our ongoing commitment to the business. Given the success of our previous value creation initiatives, we also have a deep understanding of what levers can be pulled to further transform USIC.”

Benjamin Mao, Partner, Head of Infrastructure Services, Kohlberg & Company, says: “We are honored to have the opportunity to work alongside Partners Group to support Mike and the USIC management team in its exciting next chapter of growth. USIC is uniquely positioned as a leading provider of mission-critical safety services to utilities and telecommunications customers, who are undergoing periods of significant growth and transformation driven by grid modernization, continued technological innovation, and further accelerated by infrastructure stimulus.”

Partners Group was advised by Harris Williams, Bank of America Corporation, and Ropes & Gray LLP. Kohlberg was advised by Goldman Sachs, Houlihan Lokey, and Paul, Weiss, Rifkind, Wharton & Garrison LLP.

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Cinven to sell Tractel

Cinven

International private equity firm, Cinven, today announces that it has agreed to sell Tractel (‘the Company’), a world leading safety specialist providing reliable, innovative and cost-effective working-at-height solutions and services, to Alimak Group AB, for an Enterprise Value of approximately €500m.

Established in 1941 and headquartered in Luxembourg, Tractel provides working-at-height solutions and services used in many end-user applications, including in industrial, construction, energy, telecommunications and infrastructure projects. The Company has global operations, including manufacturing facilities spanning Europe, North America, China, Singapore and Turkey, which are supported by dedicated centres of excellence in R&D, engineering and safety standards. Tractel has a global network of more than 10,000 industrial distributors in 120 countries. This network of expertise, experience and geographical locations allows Tractel to achieve global reach with a local presence.

Cinven has a successful track record of investing in the Industrials Sector, and the sale of Tractel is another milestone in a very active two year period for the firm, despite global challenges, with the firm’s funds successfully realising investments in Chryso and Envirotainer, alongside making new investments in TK Elevator, a leading service provider and manufacturer of elevators and escalators, Arxada (formerly Lonza Specialty Ingredients), a leading provider of specialty chemicals for microbial control, and Bayer Environmental Science, a global leader in specialty pest management (completion pending).

Cinven’s Industrials Sector team, working closely with Cinven’s French team, identified Tractel as an attractive investment opportunity and the business was acquired by the Fifth Cinven Fund in October 2015. Cinven has worked in close partnership with the Company to achieve strong performance during its ownership, including through:

  • Successfully growing the business through buy-and-build M&A, including completing two sizeable bolt-on acquisitions in the US and the Nordic region;
  • Strengthening the management team with expertise from across the sector;
  • Implementing international best practices to deliver commercial excellence, drive organic growth and optimise the operating model;
  • International expansion, notably through significant growth in the United States and in the Nordics; and
  • Enhancing Tractel’s product and service offering through significant investment in R&D and innovation.

Commenting on the investment, Pontus Pettersson, Partner at Cinven, said:

“Under Cinven’s ownership, Tractel has completed the acquisition of two significant businesses, successfully developing the brand and expanding the business. This has reinforced the strategic value of Tractel, and helped position the business for a trade exit. The combination of Tractel and Alimak will create a leading global business with significant opportunity for future growth, in a market where there is substantial room for further penetration of its products and services. We wish them the best in this next phase of their growth journey”.

Philippe Gastineau, CEO of Tractel, added:

“Cinven has provided significant support to Tractel over the last few years, most notably with two considerable acquisitions which have allowed us to expand substantially into our core markets. With increased investment in the development and innovation of our products, we now provide best-in-class solutions to our customers and clients and in turn, have become a world-leader in the working-at-height solutions market. We look forward to the next chapter of our growth journey as part of the Alimak Group”. 

Completion of the transaction is subject to customary regulatory and antitrust approvals.

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Bonnier Ventures invests in diagnostics company Elypta

Bonnier Ventures

Bonnier Ventures has become a minority owner in the Swedish diagnostics company Elypta. The company focuses on developing cutting-edge technology that uses liquid biopsies to detect early-stage cancer.

“We believe Elypta has huge potential to improve healthcare,” says Sofia Hasselberg, Investment Director at Bonnier Ventures.

Bonnier Ventures’ acquisition of a significant minority stake in Elypta is in line with its investment priority areas of health tech and precision medicine.

Elypta was founded in 2017 to develop the world’s first blood- and urine-test technology based on human metabolic biomarkers, for early detection and more frequent follow-up of cancer.

“Bonnier Ventures is proud to support Elypta’s strong team in their continued work. Through scientific innovation and software development, Elypta contributes to solving one of healthcare’s major challenges: reducing cancer mortality. The technology Elypta is developing is unique and enables the detection of many cancers before symptoms start to appear. In addition, Elypta’s technology does this in a cost-effective way that we have not seen before in the global healthcare market,” says Sofia Hasselberg of Bonnier Ventures.

The financing round for Elypta was led by Bonnier Ventures, in which existing shareholders Navigare Ventures, Industrifonden, Hillclimber, Norrsken VC, Nina Capital and Chalmers Ventures, among others, also participated.

Elypta will use the capital to develop and validate blood and urine tests for Multi-Cancer Early Detection (MCED) in adults with no symptoms of cancer and for detection of recurrence in kidney cancer patients.

“We are delighted to now have Bonnier Ventures among our owners. They are a financially strong, long-term investor adding significant networks and industry expertise to Elypta,” says Karl Bergman, CEO of Elypta.

“Our MCED test has the potential to greatly improve the share of cancers detected at the earliest stages, when treatment is more effective as well as less costly. Detecting Stage I cancer has been a particular challenge for DNA-based tests, and this is where metabolism-based biomarkers could really make a difference.”

 

For more information, please contact:

Sofia Hasselberg
Investment Director, Bonnier Ventures, sofia.hasselberg@bonnier.se,
tel. +46 70 916 37 60.

Karl Bergman
CEO, Elypta, karl.bergman@elypta.com,
tel: +46 73 262 53 33.

 

Press photos
https://www.bonnier.com/globalassets/news/2022/elypta_bonnier-ventures_pj_h_2022.jpg
https://www.bonnier.com/globalassets/news/2022/elypta_bonnier-ventures_pj_v_2022.jpg

Caption: Francesco Gatto, CSO & Founder Elypta, Karl Bergman, CEO Elypta and Sofia Hasselberg, Investment Director, Bonnier Ventures.
PHOTO: Peter Jönsson

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Novature opens a new Microsoft Dynamics platform for ambitious partners

NPM Capital

Novature is a new international platform of Microsoft Dynamics Partners that launched in July 2022. With 350 employees, Novature has an expected turnover of more than 150 million euros. Novature has been initiated by two established Microsoft Dynamics parties; Companial with offices across Europe and DycoTrade in Aalsmeer. Novature was established thanks to an investment of the investment company Quadrum Capital. As part of the transaction, NPM Capital has divested its shareholding in Companial to the new group.

Novature concentrates on Microsoft Dynamics Business Applications and Power Platform. Novature is ambitious in its growth plans and wants to join forces internationally with other Dynamics Independent Software Vendors (ISVs) to support partners and customers in their digital transformation. “Digital transformation is the core of the growth for companies all over the world,” says Novature’s Louis Rustenhoven, CEO. “Our vision is that we will only be able to manage this when we act as a collective platform together with specialised Dynamics partners. The focus is on IP, but the platform also supports resourcing, technical and business services as well as training. It is the perfect starting point for partners and their customers to benefit from the advantages of a modern, scalable and specialised Microsoft-based business application platform.”

Novature offers Dynamics ISVs access to a pool of knowledge and resources, which is difficult for individual companies to gain access to. “Novature will attract innovative business leaders who are happy to share their knowledge and experience with other businesses,” says Arie Willem van de Plas, CEO of Dycotrade. “Novature offers literally hundreds of years of Microsoft Dynamics experience. Our partners and their customers benefit from expertise in the area of Business Applications which is second to none. In this way you stay relevant as a partner and customer in this rapidly changing world.”

Pioneers
Companial is one of the companies which partnered with Novature at the launch. Companial is a leading Microsoft distributor of Cloud platforms for more than 1,000 Dynamics implementation partners worldwide. In the past few years Companial has expanded its services in areas such as training, outsourced development, migration and upgrade services and more recently to provide an ISV Marketplace. Within Novature, Companial is able to take its partners services to the next level by opening up horizontal and vertical IP on the Dynamics platform for these partners.

Novature’s goal is to add Dynamics ISVs with (horizontal) IP to its platform by means of a buy-and-build strategy in the coming years. DycoTrade is the first ISV on the platform. DycoTrade has been providing Dynamics software solutions since 2001 with applications in commodity trading for the worldwide operating supply chains of food, feed and metal sectors. In addition, DycoTrade also supplies horizontal applications such as currency exchange and tax calculation. All DycoTrade solutions are based on Dynamics 365, making DycoTrade one of the leading Microsoft ISVs in the Microsoft Dynamics ecosystem.

Both Companial and DycoTrade remain independent companies within the platform, operating under their own brand. Novature was established thanks to an investment of the investment company Quadrum Capital. As part of the transaction, NPM Capital has divested its shareholding in Companial to the new group.

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Sole Source Capital Portfolio Company Peak Technologies Acquires VisionID & Dalosy

Sole source captial

Sole Source Capital Portfolio Company Peak Technologies Acquires Siena Analytics

Peak Technologies to Benefit from Siena Analytics’ Powerful Supply Chain & Logistics Software and Artificial Intelligence Solution

DALLAS–Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, Peak Technologies, a leading system integrator in the Automatic Identification and Data Capture (“AIDC”) market, has acquired Siena Analytics. The acquisition marks Sole Source Capital’s 16th investment in the AIDC industry, and the eighth add-on acquisition for Peak Technologies since Sole Source acquired the company in 2021. The eight prior add-on acquisitions for Peak Technologies include Optical Phusion, Inovity, Bar Code Direct, DBK Concepts, Avalon Integration, Graphic Label, VisionID and Dalosy. The acquisition of Siena Analytics adds a critical proprietary logistics software solution to the Peak Technologies portfolio that will help customers address visibility and automation issues affecting all supply chain businesses. Terms of the transaction were not disclosed.

Headquartered in Franklin, MA and founded in 2013, Siena Analytics is a provider of supply chain and logistics analytics software and artificial intelligence solutions. Siena Analytics offers solutions that make logistics teams more efficient, by using A.I. and machine vision to instantly scale manual processes and leverage data that would otherwise be left on the distribution center floor. Siena’s analytics tools were developed specifically for logistics by its founders who have significant supply chain and logistics industry experience. Siena integrates seamlessly into existing hardware, enterprise software, and I.T. infrastructure. The Siena analytics team can implement the solution without significant investment, on any sensor system. Founder and CEO John Dwinell will remain in his current role.

“Siena’s suite of products yield intelligence for improved supply chain and distribution visibility by leveraging A.I. and machine vision to power digital transformation from the heart of the enterprise. With Peak’s current supply chain and logistics solutions, the Siena analytics suite will support emerging opportunities in micro-fulfillment and provide mobile and retail visibility in the omni-channel supply chain,” said Tony Rivers, CEO of Peak Technologies.

“We are excited to join the team at Peak Technologies. The combination of Peak’s experience in the AIDC industry, together with the team and technology at Siena, will help us deliver more value and be the trusted digital transformation partner for our customers,” said John Dwinell, CEO of Siena Analytics.

About Sole Source Capital

Founded in 2016 by David Fredston, Sole Source Capital is a private equity firm that thematically invests in fragmented, high-growth industrial subsectors. Sole Source seeks founder-owned businesses or corporate carve-outs that will benefit from the team’s operating and M&A capabilities. The Firm has a strong operating heritage that enables it to execute a buy-and-build strategy with significant downside protection. The Firm is headquartered in Dallas, Texas with offices in Santa Monica, California. For more information, please visit www.solesourcecapital.com or contact investor.relations@solesourcecapital.com.

About Peak Technologies

Headquartered in Columbia, Maryland, Peak Technologies is a leading system integrator of digital supply chain, retail and mobile workforce solutions. With over 35 years of supply chain, field mobility and retail services expertise, Peak Technologies has an insider’s perspective of the market; its origins, participants, and dynamic forces of change. With extensive application experience across industry segments, Peak Technologies is able to provide objective consultancy on business processes, software, hardware, as well as turn-key solutions for equipment repair, life cycle support, technology, vertical/application and business services. For more information, please visit www.peaktech.com.

About Siena Analytics

Siena Analytics helps companies quickly identify, diagnose, and resolve issues with their high-volume logistics operations whether sorting, scanning, or dimensioning equipment. Our Siena Insights software suite meets the demanding security standards of Fortune 500 companies and processes millions of packages per day. By incorporating Deep Learning, we automate manual workflows to increase efficiency and accuracy. For more information, please visit https://sienaanalytics.com/.

Contacts

Media:
Bill Mendel
Mendel Communications LLC
(212) 397-1030
bill@mendelcommunications.com

Sole Source Capital:
Sumil Menon
Head of Investor Relations
investor.relations@solesourcecapital.com

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BGF announces stellar exit of Jola

BGF

BGF has completed a stellar exit of Jola, the award-winning, channel-only supplier of business communications, specialising in mobile data SIMs.

Nottingham-headquartered Jola has been acquired by Wireless Logic, a leading global IoT connectivity platform provider. The deal will enable Wireless Logic to consolidate its routes-to-market through a single, focused channel, serving VARs and dealers in the UK.

BGF backed Jola with a £10.25 million investment in March 2021 and the business has experienced rapid growth during the hold period. BGF supported Jola with its strategic acquisition of Zapappi, bringing its software development capabilities in house.

BGF has been the ideal funding partner to support this phase of our growth and we really valued their expertise, guidance, light touch and flexible approach.

Jola CEO Andrew Dickinson

Jola provides innovative IoT and mobile data solutions to managed service providers, internet service providers, IT support companies and telecom resellers, who provide, manage, and support thousands of SIMs through Jola’s own Mobile Manager self-serve platform. Jola’s expertise in the UK channel is highly complementary to Wireless Logic’s routes-to market and customer base.

BGF investor, Seb Saywood, who led the investment into Jola, said: “Jola is a fantastic example of an innovative East Midlands technology business, which has achieved scale quickly because of its truly market-leading offering and the strength of its management team. We have been delighted to support the business’ growth and look forward to seeing its future success with Wireless Logic.”

Dickinson added: “Jola will remain an independently run company within the Wireless Logic Group, focussing as always on the UK channel, but with a global reach. The 1000+ Jola partners will see no change in the short term and over time they will benefit from product innovations across the group and more extensive supplier relationships. It’s testament to our clients, suppliers, funders and our amazing team that we’ve been able to achieve this milestone.”

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IK Partners to acquire stake in IG&H

IK Partners

IK Partners (“IK”) is pleased to announce that the IK IX Fund (“IK IX”) has reached an agreement to acquire a majority stake in leading Dutch consultancy and technology firm IG&H (“the Company”) from its founding management team who are reinvesting alongside IK. Financial terms of the transaction are not disclosed.

IG&H is a Dutch digital transformation specialist with an end-to-end service offering, including consultancy and advisory, data analytics, low code application development and digital solutions based on proprietary intellectual property. IG&H serves clients in selected industry verticals, including pensions, banking, insurance, retail and healthcare.

The Company is headquartered in Utrecht, the Netherlands and employs 350 people with additional locations in Lisbon, Porto and Munich – a newly established office to serve the DACH market. Following its development to full digital transformation in recent years, the Company has more than doubled its number of full-time employees and nearly doubled revenues since 2018.

IK’s extensive experience in the Business Services sector and its international market expertise will allow the investment team to support IG&H’s domestic and international growth plans through the acceleration of M&A projects in a fragmented market and the continued scale up of existing services. The business is well-positioned to provide solutions for a challenging retail environment, as well as improving its already impressive client base in the financial services sector.

Jan van Hasenbroek, CEO of IG&H, commented: “This is an extremely exciting time for IG&H as we continue to build on our market-leading position in digital transformation services and sector solutions. The support of IK, with their deep market expertise and pan-European presence, will allow us to support our clients better and pursue further international expansion and solidify our position in both the Benelux and DACH markets.”

Norman Bremer, Partner at IK and Advisor to the IK IX Fund, added: “IG&H has recorded impressive growth in the digital transformation market with the expert guidance of an experienced management team under Jan van Hasenbroek. We are looking forward to supporting the company in future growth plans through consolidation of a fragmented European marketplace and continued expansion in a growing addressable market.”

Completion of the transaction is subject to regulatory approval.

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 (0) 7787 558 193
vidya.verlkumar@ikpartners.com

About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 160 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikpartners.com

About IG&H

&H is a leading consulting – technology firm specialized in the retail, financial services and healthcare sector. With more than 350 professionals in Europe, IG&H is rated as a ‘Great Place to Work’ and committed to deliver and bring continuous innovation. IG&H won the OutSystems EMEA ‘Partner of the Year’ award in 2020 and 2021. For more information, visit https://www.igh.com/

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Serent Capital Announces Acquisition of Portfolio Company Motility Software By Reynolds and Reynolds

Serent Capital

July 11, 2022

Motility Software, a leader in end-to-end dealer management software for specialty dealerships and backed by Serent Capital, announced today it has been acquired by The Reynolds and Reynolds Company, a leading provider of automobile dealership software and services. The two companies are joining forces to drive operational excellence at specialty dealerships across the country.

In 2018, Motility entered a partnership with Serent Capital, a growth-focused private equity firm. Motility has experienced record-breaking growth during this time with the addition of 125+ dealers. That growth was bolstered by the acquisition of location-based inventory management solution, Lot Metrix in 2021. In addition, Motility introduced three new products to its portfolio over the course of Serent’s investment: MotilityAnywhere, MotilityPay, and MotilityConnect.

“Serent has been an exceptional partner to us and helped augment our offerings to customers and increase our growth rate,” said Brad Rogers, CEO of Motility Software. He continued, “We are delighted to be joining the Reynolds family. Reynolds’ successful history is undeniable, and this positions us to leverage the advancements they’ve made in automotive and apply them to the specialty dealership market.”

“It has been an honor to have been a partner for Motility and see their remarkable growth over the last few years,” said Kevin Frick, Partner at Serent Capital. “The Motility team has been able to add three new products and increase their reach through a meaningful strategic acquisition. We look forward to seeing their continued growth and success.”

For 150+ years, Reynolds’ has helped dealers transform every aspect of their business and customer experience. Having an already strong presence in the specialty vehicle market with businesses such as AppOne®, Open Dealer Exchange, and Reynolds Document Services, the transaction will create excellent synergies allowing for a dealer and consumer experience not yet seen in the industry.

“Further movement into the specialty vehicle dealership space is a natural extension for our approach to technology and helping retailers succeed,” said Rudolph Nieto, SVP at Reynolds. “Incorporating Motility’s technology will open a new arena to share our auto retailing expertise. I’m delighted to explore the commonalities and ensure we are bringing immense value to dealers in the specialty market.”

With Reynolds’ backing, Motility will build on its unparalleled support and service to better assist its customers. Motility’s support team adopts Net Promoter Score (NPS) to track customer loyalty and satisfaction. In June, the team had a score of 84, which is considered world-class.

Serent Capital invests in growing businesses that have developed compelling solutions that address their customers’ needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent seeks to help growing businesses thrive. Learn more about our portfolio companies.

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Maxicom IT Distribution and Aliter Networks are joining forces and will continue as “Circular IT Group”

Waterland

Maxicom IT Distribution and Aliter Networks are joining forces and will continue as “Circular IT Group” (www.circularITgroup.com). The group offers customers a sustainable solution for their IT needs, through a refurbished hardware proposition combined with additional services. Supported by investor Waterland, the group has the ambition to grow to over €300 million in revenue in the circular IT domain in the coming years, where growth will be accelerated by an acquisition strategy.

Contributing to a sustainable IT value chain
The group offers customers a circular and sustainable solution to their IT needs, through a refurbished hardware proposition combined with additional services. The vast majority of CO2 emissions from IT equipment are related to the raw material extraction and production phase. By using IT equipment for a longer period of time, the annual CO2 emissions related to the production phase of new equipment decreases and the use of Critical Raw Materials decreases. Circular IT Group offers a wide range of refurbished IT equipment as a sustainable solution for IT needs and thus contributes to making the IT value chain more sustainable.

Complete product range for broad customer portfolio
The group offers a wide range of circular IT solutions: IT Asset Disposition (ITAD), de-installation of old equipment, secure data removal, testing and repairs, distribution and logistics, and remarketing, rental and sale of refurbished equipment. These solutions are offered for the complete IT hardware segment, ranging from network equipment, servers and storage devices, to desktops, laptops and cell phones. With this offering, the group serves more than 10,000 customers worldwide, from business end-users, to service providers and consumers. The group has its headquarters in Zoetermeer, with additional locations in Almere and Singapore. The group employs a total of 110 FTE.

Jean-Pierre Verhoeven, interim-CEO Circular IT Group: “We have been active in this market for more than 20 years, but have seen a clear acceleration in growth in recent years due to companies’ increasing focus on the sustainability aspect of their IT strategy. Together with Aliter Networks and Waterland, we want to offer customers a complete range of products and services related to sustainable IT solutions.”

Zimin Chen, Sales Director Aliter Networks: “In recent years, we have worked hard to properly serve our international customers in the field of sustainable network solutions. In cooperation with Maxicom and Waterland, we are now extending our expertise across the product spectrum in order to further broaden and strengthen our services.”

Tomas Simons, Partner Waterland: “Reduction of greenhouse gas emissions and circularity of materials are major challenges for the world, for which circular IT offers important solutions. We therefore expect substantial growth from this young sector as sustainability becomes more prominent in corporate and government IT investments. With Waterland’s growth expertise, we can make a meaningful contribution to a better world and a stronger company through this investment.”

About Maxicom IT Distribution
Maxicom IT Distribution is a circular IT hardware supplier, based in Zoetermeer, and specialized in refurbishment, recycling, IT Asset Disposition, data wiping, de-commissioning of old infrastructure and sales of IT hardware. Maxicom was founded in 1998 and serves the European market with three different brands. Maxicom IT Distribution (www.maxicom-it.eu) is the brand that focuses on the European dealer channel. With Cirres (www.cirres.com) they serve business customers in the Benelux. Mr At (www.mr-at.nl) is the consumer brand, providing consumers with high quality refurbished IT hardware for 24 years. All brands focus on 4 customer promises: competitive prices, high quality, directly availability from stock and environmentally friendly.

About Aliter Networks
Aliter Networks (www.aliternetworks.com) is B-corp certified company and our purpose to make a difference with IT: for people, planet and profit. Our core focus is delivering premium refurbished quality for data center IT infrastructure of Cisco, Juniper, HP and Dell.
Since 2009 Aliter has been serving telecom companies, enterprises and resellers in Europe and Asia-Pacific. From the offices in Almere, the Netherlands and Singapore, with a diverse team of 42 FTE and 21 nationalities we work towards the goal of driving sustainability within the IT department of our clients.

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