GMT, Veronis buy IT-Ernity majority stake from Nedvest Capital


server-cable-IT-internet-networkGMT Communications Partners has teamed up with fellow private equity firm Veronis Suhler Stevenson buy a majority shareholding in IT-Ernity.

The Dutch business provides managed services and shared hosting for SMEs including system administration, security and application management.

GMT and Veronis said in a statement that the Netherlands was a highly-attractive market for the delivery of internet services on the continent due to the success

of the AMS-IX exchange, one of the largest data transport hubs in the world.

They added that estimates show a third of the data centres in Europe are based in the Netherlands due to its logistical infrastructure and central location.

The firms bought the IT-Ernity stake from Nedvest Capital alongside the company’s management.

GMT partner Stefan Franssen said, “This is a fantastic opportunity to acquire a fast-growing business in an attractive niche of the IT industry.

The management team at IT-Ernity have done a superb job in recent years, building the company through a string of acquisitions, and we look forward to helping them deliver on their ambitious expansion plans in the coming years.”

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