Delft, September 5, 2023 – IT service provider INTERSTELLAR takes a momentous step in its growth strategy by acquiring managed services provider Felton. This acquisition reinforces both parties’ growth ambitions, enabling them to provide customers with even better support in transitioning to stable, innovative IT environments. Felton’s addition to INTERSTELLAR makes it – with its 700 employees and a 165 million euro turnover – the best agency to assist SMEs with cloud, cybersecurity, and modern workplace challenges.
Felton’s next phase
Felton has over 35 years of experience designing, implementing, and managing safe and up-to-date IT infrastructures. Its Amersfoort office employs 65 professionals with customers across the Netherlands. Felton joined the TIIN Capital portfolio in 2020, which augmented the IT company’s growth through the Dutch Security TechFund. This move also advanced Felton to its next phase of development, which included the Lantech merger. INTERSTELLAR, founded in 2021 from several Quadrum Capital investment company portfolio companies, now acquires all shares. The acquisition won’t affect Felton’s current management and founder Stan Bridié will remain on board as an advisor.
Strengthening the portfolio
Felton aims to enhance its cloud and security presence as part of INTERSTELLAR, capitalizing on the group’s economies of scale. This acquisition also strengthens the INTERSTELLAR portfolio, granting it a larger mid-market share and expanding its presence in the Central Netherlands.
Maarten van Montfoort, INTERSTELLAR CEO, had the following to say about the Felton acquisition: “We aim to serve customers as the Netherlands’ principal IT service provider. We do that by acquiring the right knowledge and expertise in-house and continuously developing our skills – independently and through acquisitions. And Felton’s core identity makes them a flawless fit for this mission. The company culture is a good match for how INTERSTELLAR works, and so are the customers, portfolio, and common Microsoft-first strategy. INTERSTELLAR is overwhelmingly enthusiastic about partnering with the Felton team in serving our customers.”
Marnix van der Moolen, Felton CEO, added: “Over the past few years, TIIN Capital has helped Felton become what it is today. Now, with INTERSTELLAR, we have a strategic shareholder. That facilitates our continued growth and enhances our security and cloud proposition.”
Interstellar is part of Quadrum Investment Fund II and III.
Categories: News
Tags: Information technology
