Holland Venture sells its shares in QSight IT to KPN

Amsterdam, October 3, 2017 – On the 2nd of October, Holland Venture and the other (management) the signed the acquisition contracts to sell their shares in QSight IT to Dutch telecom and ICT provider KPN. QSight IT is a leading Dutch player in the field of cybersecurity and Cloud consultancy.

QSight IT: Dutch player in the field of cybersecurity and cloud
QSight IT is a leading cyber security specialist who, in a dynamic world, cleverly and pragmatically leads ahead in securing information and making its customers information available. QSight IT identifies and remedies, amongst others, complex security threats. QSight IT is a 100% Dutch IT company. Next to (cyber) security, the company focuses on consultancy, support and management services. Employing around 250 highly qualified professionals, the company serves organizations in the public and private sectors and achieved a turnover of approximately EUR 50 million in 2016.

Growth through buy-and-build
In the summer of 2015, Holland Venture took an interest in Qi ict, based in Delft. In September 2016, through a merger with security provider Onsight Solutions, Qi ict transformed into a security power house. The combined company continued its operations under the name QSight IT. Since 2014, Qi ict held a strategic stake in Inovativ and expanded its security services to the Cloud. In 2017, this position was strengthened through a merger with Sparked. InSpark has emerged from this merger as one of the leading Microsoft Cloud specialists in the Netherlands.

Security strategic priority KPN
The acquisition is in line with KPN’s strategy to grow its security and public cloud consultancy business and further strengthens its position as leading security services provider in The Netherlands. The acquisition of QSight IT is complementary to KPN’s current security services portfolio and further strengthens its detection and prediction capabilities. In addition, the leading public cloud expertise of the Company broadens KPN’s (public) cloud propositions. Supported by these acquisitions, KPN is able to offer a broad range of high quality (cloud) security services to all of its SME, LE and Corporate customers.

Cloud and cybersecurity current themes
Hubert Verbeek, Managing Partner Holland Venture: “Securing data is of absolute importance and indispensable for any organization. With this vision in mind, we have helped QSight IT to become a leading player in cyber security and Microsoft Cloud services in both the middle segment of the market as well as for large corporates. A 100% Dutch acquisition by KPN was the perfect scenario for a cyber security transaction. In the current market, we still see plenty of growth opportunities for QSight IT. We wish KPN and QSight IT good luck in the future.”

The transaction is subject to regulatory approval.