Prodware has acquired WESTPOLE Benelux to expand its European presence and enhance its IT service portfolio, particularly in cybersecurity and cloud solutions.
Information on the Target
WESTPOLE Benelux, which generates approximately €40 million in annual revenue, has a strong foothold in the IT services sector with its presence spanning Belgium, Luxembourg, France, and Italy. Having over 40 years of experience, WESTPOLE specializes in outsourced services, business process management, cloud computing, and cybersecurity solutions. The company manages critical information systems for governmental institutions in Belgium, Luxembourg, and Italy, as well as the European Union, and has established a solid reputation among major industrial clients, particularly in public sector and banking markets. With a dedicated workforce of around 400 employees, WESTPOLE Benelux is recognized for its expertise in handling strategic IT demands.
Industry Overview in the Target’s Specific Country
The IT services industry in Belgium has shown robust growth, driven by increasing digital transformation and cybersecurity needs across various sectors. Major companies in the market are investing heavily in advanced technologies to enhance operational efficiencies and secure data integrity. There is a growing demand for cloud services, driven by businesses recognizing the potential benefits of scalability and cost-effectiveness.
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With the increasing sophistication of cyber threats, enterprises are elevating their cybersecurity measures. This trend has generated significant opportunities for companies like WESTPOLE, which offers a range of
Similar Deals
Prodware
invested in
Westpole Benelux
in 2023
in a Merger deal
Disclosed details
Revenue: $42M