Quistor, an established brand in the Oracle Cloud Technology and Managed Services industry, announced that it has reached a definitive partnership agreement with investment firm IceLake to further support the company’s global growth. Hogenhouck m&a advised Quistor on this transaction.
New partnership accelerates global expansion
Quistor, founded in 2005, is known for its extensive experience with JD Edwards and Oracle Cloud technology. Quistor serves more than 250 clients worldwide and employs about 250 people with offices in the Netherlands, Spain, the Czech Republic, France, Mexico, the United Kingdom and the Philippines. Icelake’s support is essential in Quistor’s ambition to become the global leader for Oracle partner services.
Javier Prego Molina, CEO of Quistor said, “The partnership with IceLake gives us the opportunity to create a leading IT platform to which other Oracle partners can connect and scale our business in new regions. In addition, we can further increase our product offering and expertise to best serve our customers. For Quistor, it is also a great opportunity to partner with IceLake, which has extensive experience in supporting management teams in their international growth strategies, and enables Quistor to roll out its strategy to become a global leader for Oracle partner services, including starting operations in new regions such as the United States, Scandinavia and the DACH region.
Further expansion of product and geographic footprint
IceLake is a private equity firm, based in Amsterdam, with experience in partnering with entrepreneurs and management teams to support their (international) growth ambitions.
Matteo Racca, partner at IceLake said, “The market for Oracle products will grow significantly as companies move to cloud solutions. Quistor is a leading Oracle partner in Europe with distinct niche expertise and an advanced 24/7 managed services offering. The organization is particularly well positioned to help customers with their cloud migration and expand its services globally. We look forward to working with the Quistor management team and organization to realize their ambitions and support them in further expanding the group’s product and geographic footprint.”
The Hogenhouck team that advised Quistor consisted of Victor Rosier, Daan Zonneveld and Bo van der Ven. Victor Rosier on Quistor: “At Quistor, Hogenhouck found experienced shareholders and a committed management team. This transaction allows the continuing shareholders and the management team to accelerate their ambitious growth plans, while giving the departing shareholders room to focus on something new. This ambitious transaction could not have been accomplished without a growing and ultimately seamless partnership with the management team and shareholders, where trust and complementary knowledge were the cornerstones.”