SoftwareONE, a private equity-backed software and cloud technology solutions provider, has fully acquired InterGrupo for an undisclosed amount. SoftwareONE is buying the remaining 40 percent of the company following an initial investment in 2019.
This is M&A deal number 469 that ChannelE2E has tracked so far in 2020. See the complete M&A deal list here.
InterGrupo is a cloud technology solutions provider from Medellin, Colombia. The company has around 1,400 employees, primarily developers and technology specialists. InterGrupo automates processes to accelerate the pace of business while modernizing legacy applications and migrating them to cloud-native technologies in Microsoft Azure and AWS.
In the year leading up to June 2020, InterGrupo achieved around US$42.7 million in gross profit.
The addition of InterGrupo strengthens SoftwareONE’s Solutions and Services capabilities and its business volume, according to SoftwareONE.
SoftwareONE Acquires InterGrupo: Strategic Importance
Dieter Schlosser, CEO at SoftwareONE, said:
“This acquisition highlights the strategic importance of a global practice in application modernization with hyperscalers, such as AWS, Google and Microsoft. This helps our 65,000 customers on their journey to the cloud not only from an infrastructure point of view, but also regarding their existing applications. The technology, agility, and efficiency gains of the cloud can only be realized if applications are re-engineered. DevOps in the cloud is a priority for all hyperscalers, particularly for AWS. They have the goal of transforming millions of applications to their platforms over the coming years, with the help of partners such as SoftwareONE.”
Darío Solórzano, founder of InterGrupo, commented:
“The last few months have proven how InterGrupo and SoftwareONE can mutually benefit from each other and I am excited to herald a new era. I am certain that being an integral part of SoftwareONE will benefit our employees and more so allow us to empower our customers worldwide for their digital transformation, through innovative technologies, extending from cognitive computing, blockchain, IoT, advanced analytics to cloud.”
SoftwareONE IPO, Acquisitions
SoftwareONE launched an IPO in September 2019. The firm also has financial backing from private equity firm KKR. The company has extensive acquisition experience. Earlier purchases include:
- Australian SAP consulting partner BNW.
- UC Point, a global unified communications and collaboration services provider in Switzerland.
- ISI Expert, a managed services and infrastructure provider in France.
- Comparex, a global software, cloud and IT solutions provider in Germany with 2,500 employees in 36 countries across Europe, Asia and the Americas.
- RightCloud, a managed infrastructure provider based in Singapore.
- SAMSentry, a UK-based specialist in software governance technology.
