Pliezhausen, 05 October 2022. DATAGROUP increases its stake in subsidiary Cloudeteer to become majority shareholder, enhancing its expertise in the strategically important technology segment of public cloud solutions.

“The market development as well as the need for modern and highly available public cloud solutions within the CORBOX Services have been steadily increasing for years. One of the key requirements of the market and of our customers is to have flexible and customized solutions”, explains Andreas Baresel, CEO of DATAGROUP. 

“Thanks to our rapidly growing team of currently 55 specialists for these applications at Cloudeteer, we have made a major contribution to meeting the requirements of our customers over the past two years”, adds Marc Sundermann, co-founder and managing partner of Cloudeteer.

The necessary scope of a full-service provider, ranging from CORBOX Private Cloud platforms to fully integrated CORBOX Public Cloud services, demonstrates the capability of DATAGROUP to respond to the ever-evolving requirements of our customers.

DATAGROUP has held an interest in Cloudeteer for roughly two years and has helped growing the company. The increase in the shareholding sets a clear signal that public cloud solutions will remain an integral component of DATAGROUP’s service portal going forward.

“By successfully integrating Cloudeteer into DATAGROUP while maintaining the individual corporate culture of a “tech startup” we underline our expertise in inorganic growth”, adds Oliver Thome, CFO and responsible for M&A. “Helping to unlock visions and ideas and making available the structures for a successful development of young, innovative companies – this is a unique selling proposal in our segment.”

The positioning of Cloudeteer as a specialized supply unit for the customers’ cloud-first strategies rounds off DATAGROUP’s solution portfolio and is an important step for the company’s development as a technology and innovation leader in the IT service market.

About DATAGROUP

DATAGROUP is one of the leading German IT service companies. Some 3,500 employees at locations across Germany design, implement, and operate IT infrastructures and business applications such as SAP. With its CORBOX product, DATAGROUP is a full-service provider, supporting global IT workplaces for medium and large enterprises as well as public authorities. The company is growing organically and through acquisitions. The acquisitions strategy is particularly noted for its optimal integration of new companies. DATAGROUP is actively participating in the IT service market’s consolidation process with its “buy and turn around” and its “buy and build” strategy.

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