Expereo acquires Comsave to defragment last mile
24 June 2020 | Melanie Mingas
Expereo has acquired connectivity intelligence platform Comsave, which automates the sourcing and provisioning of internet and last-mile access services across multiple service providers, as it looks to “digitally transform the fragmented last mile supplier landscape”.
Target customers include multinational enterprises and service providers.
Expereo confirmed the acquisition for an undisclosed sum on Friday, and further said the deal would advance the launch of its digital platform, expereo.one, for sourcing and managing global Internet, cloud access, and SD-WAN solutions.
“Comsave pioneered the automation in sourcing and provisioning of Internet access services, having built an industry-leading platform and API eco-system across a multitude of service providers,” said Matthijs van Seventer, CEO of Comsave.
“To scale this globally with Expereo, building on the synergies of our technology platforms and common vision is an amazing next step for Comsave and its partners,” he added.
Expereo CEO, Irwin Fouwels said: “Our combined capabilities are simplifying the complex and costly access component in architecting and sourcing global connectivity solutions for our partners and customers. With Comsave's people, technology, and know-how, we can radically simplify and reduce the cost of managing a multitude of access suppliers, therefore accelerating our partners' and customers' digital transformation.”
“We are delighted to have Matthijs and his team joining us on this journey. We are particularly proud to complete this acquisition during these challenging times for many, evidencing the robustness of both our businesses as well as Apax Partners' commitment and ability to execute on our growth strategy,” Fouwels concluded.
Founded in 2004, Expereo today works with 30% of the Fortune 500. In 2018, the business was acquired from former owners The Carlyle Group (NASDAQ:CG), by European private equity firm Apax Partners.
When news of the deal first broke, Expereo had 11,500 enterprise and government sites under management across 190+ countries.
Previously, Expereo was a portfolio company of Carlyle Europe Technology Partners III (CETP), a pan-European fund focusing on buyout investments in telecoms, media and technology.
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