Advisory role of Company Brokers Brokers on acquisition of ICT service provider Consulutions by Altios Cloud Experts

Apeldoorn Altios Cloud Experts is expanding and, together with investment company Riverdam, is acquiring Zutphen Consulutions. Joining forces will help the businesses to further strengthen their regional market position, further accelerate business growth in the Apeldoorn region, and better support clients in the increasing demand for online workplace management and communication solutions.

Apeldoorn Altios Cloud Experts' online Cloud solutions ensure that employees can work securely and carefree anywhere. "The acquisition of Consulutions is part of a larger plan. In addition to organic growth, we are actively looking for acquisition candidates in the Central and Eastern part of the Netherlands to further strengthen the market position of Altios Cloud Experts and expand our excellent services," said Jan-Hendrik Straatman, Managing Director of Altios Cloud Experts. The addition of Consulutions allows Altios Cloud Experts to grow faster and more effectively, to further professionalize the organization in Apeldoorn and to better serve even more non-profit organizations and SME businesses with their online workplace management, VoIP, cloud services and ICT management.

Growth of regionally operating IT Managed Service Providers
The IT industry is among the fastest growing industries in the Netherlands, as well as an important facilitator of digitization in other sectors. Riverdam has anticipated this and has invested heavily in the acquisition of regionally operating IT Managed Services Providers over the past three years. With the acquisition of Consulutions, Riverdam strengthens its fast-growing platform of regionally operating IT Managed Services Providers with five locations in the Netherlands: Emma Solutions ICT in Den Bosch, Office IT in Sneek, Xaris ICT in Wognum, Altios Cloud Experts in Apeldoorn and ILC-Europe in Eindhoven.

IT Managed Services Providers' cloud ICT solutions enable employees of SMB businesses and non-profit organizations to work securely and carefree anywhere. "The Dutch IT market is the third 'Mainport' of the Netherlands and we foresee further growth acceleration in the coming years due to further digital transformation as an underlying driver" states co-founder Manuel Leussink of investment company Riverdam.

Jordie Wagenvoort and Ten Brey, founders of Consulutions, express their full confidence in the strategic merger of the ICT service providers. "With the integration of Consulutions, Altios Cloud Experts strengthens its position as market leader in the region. The combination of our expertise and experience lays the foundation for accelerated growth in the Eastern Netherlands," said Wagenvoort and Brey.

"This regional joining of forces enables us to serve clients even better, while providing continuity and attractive growth opportunities for our employees. We look forward with enthusiasm to the future and the new opportunities this cooperation brings."

About Altios Cloud Experts
Altios Cloud Experts is an experienced ICT and Telecom service provider and supports organizations and businesses with workplace automation, VoIP telephony, mobile telephony, server management, 1st and 2nd line system management, virtualization of servers and workplaces, security and monitoring of ICT systems and public-private and hybrid Cloud solutions. Altios is based in Apeldoorn and operates nationwide.

About Consulutions
Consulutions, a leading IT Managed Service Provider based in Zutphen, distinguishes itself as the specialist in Microsoft 365 and Security solutions. As a reliable partner in the Eastern Netherlands, Consulutions offers customized solutions and high-quality support for small and medium-sized enterprises (SMEs) nationwide.

About Riverdam
Riverdam is an investment company and invests in profitable Dutch SME businesses with revenues of up to EUR 20 million. It offers entrepreneurs the best opportunity to further grow the business, through deployment of knowledge and experience, financing opportunities, hands-on support and a large network.