Longship Fund II divests The Cloud People Group AS to NTT DATA Business Solutions, enabling further growth and market expansion in the European ServiceNow sector.
Target Information
Longship Fund II has successfully divested its ownership in The Cloud People Group AS ("The Cloud People") to NTT DATA Business Solutions as of December 18, 2025. NTT DATA, a global leader in AI, digital business, and technology services, will become the majority owner, with The Cloud People's management team retaining their shares in the company.
Founded in 2019 and based in Oslo, The Cloud People has swiftly established itself as one of Europe's leading dedicated ServiceNow partners, delivering comprehensive ServiceNow transformation services primarily to mid- and large-sized enterprises. Longship, which became a partner with The Cloud People in 2021, played a pivotal role in implementing a substantial value-creation strategy that enabled significant scale and revenue growth.
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Industry Overview in Norway
The IT services industry in Norway is experiencing robust growth, led by increasing digitalization and demand for cloud solutions. As businesses migrate their operations to digital platform
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NTT DATA Business Solutions
invested in
The Cloud People Group AS
in 2025
in a Other Private Equity deal