Cloud service provider Eshgro receives capital injection from Holland Capital to accelerate further growth

Cloud service provider Eshgro receives capital injection from Holland Capital to accelerate further growth

Boxmeer / Amsterdam, March 24, 2020 – Investment company Holland Capital has increased its interest in cloud service provider Eshgro. Based in both Boxmeer and Amsterdam, the recent investment enables Eshgro to step up its growth ambitions. The cloud service provider aims to further strengthen its market position by way of organic growth and acquisitions.

Unique solution and rapid growth
With its proprietary software, Eshgro opens up the Microsoft Modern Workplace with industry-specific / business-critical applications. Known as ‘Smarter 365’, this unique solution is rolled out, managed and kept up-to-date for customers in a fully automated fashion. This enables organizations to implement the Modern Workplace within days instead of months and helps realize and manage IT solutions in a faster, easier and more secure way. Savings of up to 50% can be achieved compared to traditional IT service providers. Eshgro’s vision and approach has stuck a chord, as evidenced by the rapid growth of the company, adding over 10 million in recurring revenues driven by its platform.

In times of the Corona virus, the Smarter 365 platform has become even more pertinent. For example, Eshgro offers a free home-office set-up within just 15 minutes, enabling organizations that do not have a home-office solution yet to quickly establish a safe working environment for their employees.

Holland Capital expands interest
Investor Holland Capital, which has been involved with Eshgro as a shareholder since 2015, announces that it has expanded its interest to a majority stake. The main reason for doing so is the wish to continue the rapid growth of Eshgro, both organically and through acquisitions.

Niels van Aalten, partner Holland Capital, says: “The fast-growing recurring turnover, the seamless connection to the Microsoft technology stack and excellent service to direct customers form the main reasons for further support of Eshgro; a logical point in time to increase our stake and achieve further growth.”

Anton Loeffen, CEO Eshgro, adds: “Holland Capital has expertise in positioning fast-growing companies correctly. They therefore make for a valuable partner in our growth process. We owe our current focus to clear sparring sessions with Holland Capital. This is also fully in line with the growth ambitions that Eshgro has clearly set-out before. With the greater financial support from Holland Capital, we can continue to build vigorously. ”