AMSTERDAM, Feb. 18, 2021 (GLOBE NEWSWIRE) — Expereo, the global provider of managed Internet, Cloud access, and SD–WAN solutions, announces the acquisition of nextgen SD–WAN & SASE solutions provider Videns IT Services, bolstering Expereo's SD–WAN network transformation and management capabilities for its multinational enterprise customers.

Videns IT Services is a network independent managed services provider delivering fully managed SD–WAN and Secure Access Service Edge (SASE).

The acquisition illustrates Expereo's ambition and commitment to simplifying global networking and cloud access with flexible, agile and secure network and cloud access solutions for multinational enterprises. Acquiring Videns will strengthen Expereo's SDWAN offering with deep sector experience and know–how in leading SDWAN and SASE solutions, adding depth and breadth to its nextgen global network and cloud access solutions.

“Videns expertise is built upon SD–WAN implementations for numerous multinational as well as domestic enterprise customers. Since 2012 we never stopped investing in good partnerships and technology that enabled us to establish ourselves as one of the leaders in Managed SDWAN and SASE services," says Ruud van Straaten, Managing Director of Videns.

“Expereo's global leadership position in nextgen internet–centric managed network services is the perfect stepping stone for the Videns team to achieve global scale and presence. Joining Expereo will enable us to further invest and scale the development of class leading SDWAN and SASE solutions with our technology partners, continuing to service our customers with our best practice expertise throughout their network transformation journey," van Straaten explains.

“Videns has a rich history and early on established a market–leading position in managed SDWAN and SASE services. The Videns team, capabilities and market recognition fuels our ambition of global leadership in the nextgen SDWAN and SASE market, guiding our enterprise clients through their network transformation challenges and delivering on superior, agile, cost effective cloud access and global network solutions," explains Expereo CEO, Irwin Fouwels. "Videns cuts through the hype, walks the talk, based on a wealth of experience and customer use cases; a great fit in every aspect with Expereo," adds Fouwels.

About Videns IT Services

Founded in 2012, Videns IT Services is the leading network–independent service provider of managed SD–WAN and SASE solutions. Videns is the alternative for enterprises that are looking to replace their traditional telco services with flexible, cost–effective, cloud–enabled and secure WAN services. Videns combines deep customer knowledge with specialist SD–WAN and SASE knowhow. Videns supports more than 45 multinational enterprise customers with 3.500 customer locations across 70 countries.

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About Expereo

Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD–WAN, and Cloud Acceleration services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government sites worldwide, helping to enhance every business' productivity with flexible and optimal Internet performance.

In Feb 2021, Vitruvian Partners international growth capital and buyout firm, acquired a majority stakeholding in Expereo, alongside to the leading European private equity firm Apax Partners sas, and company management.

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AMSTERDAM, Netherlands, Feb. 01, 2021 (GLOBE NEWSWIRE) — Vitruvian Partners, the international growth capital and buyout firm, has reached an agreement with Apax Partners sas, the European private equity firm based in Paris, to acquire a majority shareholding in Expereo, the world's leading provider of Managed Internet, Cloud access and SD–WAN solutions. Apax Partners will remain as a minority shareholder alongside Vitruvian Partners and the company's management team, who will continue to lead the business. The completion of the transaction is subject to obtaining customary merger control clearances.

Expereo has a strong track record of growth, financial performance and value–enhancing acquisitions, solidifying its position as a market leader in providing managed Global Internet and network connectivity solutions to its communication service provider partners and an impressive array of multinational corporate customers spanning the globe.

“Vitruvian Partners will further bolster our ambitious growth trajectory, enabling us to capitalize even faster on the fundamental changes and opportunities digital transformation brings in the global network and cloud connectivity space,” says Irwin Fouwels, CEO of Expereo. “Vitruvian and the continued support of Apax Partners, will enable us to further build out our leadership position at scale whilst broadening our services suite, enabling our global enterprise customers' network transformation and cloud–first strategies with enhanced internet and cloud access services with a single, best–in–class, digital customer experience.”

David Nahama, Senior Partner at Vitruvian Partners, adds:
“We have been tracking Expereo since 2016 and have seen the company consistently outperform,"and more recently make multiple significant strategic acquisitions. Expereo has established a global leadership position in the highly attractive global cloud and software–defined networking market, allowing it to deliver compelling and differentiated solutions"to its customers, underpinning its attractiveness from an investment perspective. We approached Irwin and Thomas late last year and are delighted to be"partnering"with the Expereo team and Apax on the next significant chapter of Expereo's expansion and success.” Joe O'Mara, Partner at Vitruvian Partners, concluded: “Together with Apax, we believe we have significant capital and operational capabilities to support Expereo's growth and acquisition aspirations.”

Thomas de Villeneuve, Partner at Apax Partners, says: “The rapid adoption of cloud–based applications and SD–WAN technologies puts Internet–based WAN solutions at the center of multinational companies' business models. Expereo has delivered impressive growth since we invested in the business and truly capitalized on these technology trends. We are extremely pleased to continue on this success journey together with Vitruvian, Irwin and his team.”

About Vitruvian

Vitruvian is an international growth capital and buyout firm headquartered in London with offices across London, Stockholm, Munich, Luxembourg, San Francisco, and Shanghai. Vitruvian focuses on dynamic situations characterized by rapid growth and change across industries spanning information technology, financial services, life sciences & healthcare, media, and business and consumer services. Vitruvian Funds have backed over 50 companies and have assets under management of approximately 10 billion. Notable investments to date include global market leaders and innovators in their field such as Voxbone, Bitdefender, Farfetch, Just Eat, Trustpilot, Easypark, Unifaun, Marqeta Global""e and CRF Health, Vitruvian is a signatory of the UN supported Principles of Responsible Investment (“PRI”).

www.vitruvianpartners.com

About Expereo

Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD–WAN, and Cloud Acceleration services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government sites worldwide, helping to enhance every business' productivity with flexible and optimal Internet performance.

www.expereo.com

About Apax Partners

Expereo was acquired by Apax Partners in 2018.
Apax Partners is a leading European private equity firm based in Paris. With over 45 years of experience, Apax Partners provides long–term equity financing to build and strengthen world–class companies. Funds managed and advised by Apax Partners exceed 4 billion. These funds invest in fast–growing middle–market companies across four sectors of specialisation: Tech & Telecom, Consumer, Healthcare and Services.

Paris–headquartered Apax Partners sas (www.apax.fr) and London–headquartered Apax Partners LLP (www.apax.com) have a shared history but are separate, independent private equity firms.

@ApaxPartners_Fr
www.apax.fr

Advisors
Vitruvian was advised by Freshfields, Bruckhaus Deringer (legal), Nielen Schuman (corporate finance & debt advisory), Bain & Company (commercial due diligence), FTI Consulting (financial due diligence) and PwC (tax). Apax was advised by Weil, Gotshal & Manges.

Expereo 2021

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