KPN acquires cloud provider IS Group
KPN has acquired hosting and cloud services provider IS Group for an undisclosed sum.
The acquisition will enable KPN to further strengthen its position in the Dutch cloud computing market as well as expand its managed hosting capabilities with services like cloud-based workspace systems for small medium enterprises (SMEs).
“Our business customers are increasingly asking for cloud-based services to support their growth,” said Frank van der Post, CCO of KPN.
“Together with IS Group we will be better able to service our customers in their transition to the cloud, with solutions that increase efficiency and flexibility, while allowing for rapid scalability.”
The Netherlands-based company, which has approximately 130 full-time employees, reported revenues of €25 million in 2014.
van der Post was appointed CCO of KPN in March 2015. KPN is divesting its operations in European markets like Germany and Belgium to focus its services in The Netherlands. In April 2015, it sold Belgian company BASE to Telenet Group for €1.325 billion.