Felton was sold to Cloud Security Group
Felton, an IT managed services provider, was sold to Cloud Security Group BV. This is a buy-and-build platform aimed at the Dutch managed services sector. The platform is supported by the Dutch Security TechFund of Tiin Capital.
Stan Bridié, CEO of Felton: “To take the next step with Felton in a rapidly changing market, I started looking for a strategic partner with the support of PhiDelphi. After having discussed with several parties, I became convinced that the future and the service offering of Felton is optimally safeguarded by scaling up with the buy and build strategy of the Cloud Security Group. The professional guidance of PhiDelphi has resulted in a great outcome for Felton and for myself.”
Harald Miedema, partner at PhiDelphi: “The managed services sector has been consolidating for several years now. Due to the rise of working in the cloud, the Internet of Things, and the increased importance of security, companies have increasing demands for their ICT network. Joining forces helps IT service providers to meet these demands. Felton’s transaction with Cloud Security Group fits in the consolidation trend.”
With this transaction, PhiDelphi strengthens its track record in the IT sector. Earlier this year PhiDelphi advised both Visionplanner and Nmbrs in their successful sale to Visma, and end of last year near-shore software developer NetRom in the transaction with Icelake Capital.
Felton (www.felton.nl) is the outsourcing partner for its customers for IT infrastructures with a focus on cloud and security. With a team of 30 employees based in Hilversum, Felton focuses on national clients in healthcare, finance, construction, and business services. With its own private cloud environment and with 24/7 support, Felton supports its clients at the highest level as a technology partner.