Vitruvian Partners will acquire a majority of Expereo from Apax Partners.
Expereo is a provider of Managed Internet, Cloud access and SD-WAN solutions, working with customers to provide managed Global Internet and network connectivity solutions spanning the globe.
Irwin Fouwels, CEO of Expereo, said: "Vitruvian Partners will further bolster our ambitious growth trajectory, enabling us to capitalize even faster on the fundamental changes and opportunities digital transformation brings in the global network and cloud connectivity space. Vitruvian and the continued support of Apax Partners, will enable us to further build out our leadership position at scale whilst broadening our services suite, enabling our global enterprise customers' network transformation and cloud-first strategies with enhanced internet and cloud access services with a single, best-in-class, digital customer experience".
David Nahama, Senior Partner at Vitruvian Partners, added: "We have been tracking Expereo since 2016 and have seen the company consistently outperform, and more recently make multiple significant strategic acquisitions. Expereo has established a global leadership position in the highly attractive global cloud and software-defined networking market, allowing it to deliver compelling and differentiated solutions to its customers, underpinning its attractiveness from an investment perspective. We approached Irwin and Thomas late last year and are delighted to be partnering with the Expereo team and Apax on the next significant chapter of Expereo's expansion and success."
