Basefarm, an Oslo, Norway-based Managed Services Provider for mission critical IT, acquired The unbelievable Machine Company (*um), a Berlin, Germany-based service provider for Big Data, cloud and managed cloud services in Germany and Austria.
The acquisition is backed by Basefarm main shareholder ABRY Partners, a US private equity firm focused on investments in Media, Communications and Business & Information Services. The amount of the deal was not disclosed.
With the acquisition, Basefarm extends their target market from the Nordics and the Netherlands to include Germany and Austria. The combined business will have ~100m€ in revenues this year in addition to a wider service offering. Services will range from cloud hosting, security and managed services, to Big Data services, giving customers additional and more business oriented service options.
Founded in 2008, *um specializes in Big Data (Data Science & Data Engineering) and Cloud Services for individual business challenges of customers such as the German Postal Service (Deutsche Post), Gebr. Heinemann, Audi, Delivery Hero, Deutsche Welle, Metro Group, and Parship. It now has approx. 120 employees located in Berlin and Vienna. Following the deal, *um will continue to work under its brand name in Germany and Austria. Managing Director Ravin Mehta will remain Country Manager Germany and Austria, and as such become a member of the Executive management team of Basefarm, as well as a major shareholder in Basefarm, going forward.
Led by Fredrik Ohlsén, CEO, Basefarm provides application management and hybrid cloud solutions, with services ranging from colocation in our own data centers to fully managed solutions on private and public cloud platforms. Founded in the Nordics, it has 400 employees in Norway, Sweden and the Netherlands.
FinSMEs
13/06/2017