EasyVista Successfully Completes Acquisition of a Majority Shareholding in OTRS Group, Reaffirming its Ambition to Become a Global Leader in IT Solutions
21 December 2024 - 12:00AM
Business Wire
EasyVista announces the successful completion of its acquisition
of a majority shareholding in OTRS Group, a prominent ITSM provider
headquartered in Germany and listed on the Frankfurt Stock
Exchange. With this acquisition, the Eurazeo-backed company is on
track to exceed €70 million in sales by the end of the year, with
half of it being generated outside of France.
EasyVista has completed and closed the acquisition of a total of
over 90% of OTRS shares. The company intends to acquire the
remaining shares in OTRS by means of a voluntary public takeover
offer combined with a delisting, as well as to carry out a
squeeze-out procedure.
With the acquisition of OTRS, EasyVista will be able to
accelerate its expansion across the European market to gain a
foothold in Germany. A leading provider of IT service management
and security incident response solutions listed on the Frankfurt
Stock Exchange, OTRS generated revenues of more than €12 million in
2023 in 56 countries, 55% of which were in Germany. OTRS supports
more than 850 clients worldwide, including Airbus and Porsche, and
has also developed a range of services tailored to SMEs and
SMBs.
Since Eurazeo became a majority shareholder, EasyVista has
tripled its recurring revenue and significantly strengthened its IT
services technology platform, which now includes a complete suite
of IT service management, remote support, IT monitoring and
self-healing technologies. EasyVista's customers include leading
companies, such as the American Red Cross, US Foods and Goldman
Sachs in the USA, Aéroports de Paris and Vinci in France, Unicaja
in Spain, and Galp in Portugal, underscoring its ambition to play a
leading role in the global IT solutions market.
Patrice Barbedette, CEO of EasyVista, declared: "We are
thrilled to welcome OTRS into the EasyVista family and are proud to
have successfully completed this acquisition in such a short
timeframe, a testament to the shared vision and confidence of OTRS
shareholders in EasyVista's ambitions. This acquisition not only
accelerates our international growth but also strengthens our IT
services platform and IT security offering, further solidifying our
position as a leading global player.”
André Mindermann, Co-founder and CEO of OTRS Group,
declared: “I'm very happy that OTRS is now joining forces with
EasyVista to create Europe’s leading IT solutions platform. We look
forward to working together to meet the most critical IT needs of
organizations worldwide. "
About OTRS Group
OTRS Group is the manufacturer and the world’s largest provider
of the enterprise service management suite OTRS. It offers
companies industry-independent software solutions for structured
communication in customer service, IT service management and
security management. In addition to the core product OTRS, the
security solution STORM ensures efficient cybersecurity incident
management and transparent documentation in accordance with
standards such as ISO 27001.
For more information, visit https://otrs.com/
About EasyVista
EasyVista is a leading IT software provider delivering
comprehensive IT solutions, including service management, remote
support, IT monitoring, and self-healing technologies. EasyVista
empowers companies to embrace a customer-focused, proactive, and
predictive approach to IT service, support, and operations.
EasyVista is dedicated to understanding and exceeding customer
expectations, ensuring seamless and superior IT experiences.
Today, EasyVista supports more than 3,000 companies worldwide in
accelerating digital transformation, enhancing employee
productivity, reducing operating costs, and boosting satisfaction
for both employees and customers across various industries,
including financial services, healthcare, education, and
manufacturing. For more information, visit www.easyvista.com.
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