Deals

Riverdam Participations acquires Xaris ICT & Telecom

Specialist IT and Telecom managed services provider

Background

Xaris ICT is a specialised IT and Telecom managed services provider for small and medium enterprises, operating from its office in Wognum. Xaris offers a comprehensive range of IT services including; online workplace management, point-of-sale ('POS') service and support, software development, and telecom-related services.

Deal Summary

Riverdam Participations acquires a majority in Xaris ICT & Telecom. The acquisition of Xaris ICT is Riverdam's eighth investment to support its ambition to grow both organically and through acquisitions in this market. This supports its strong belief in the distinctiveness of regionally operating IT-managed service providers.

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Jurgen van Dijk

Stepstone Corporate Finance+

T: +31 655400510

Ruud van Hoek

Stepstone Corporate Finance+

T: +31 621577232