Prianto Group Acquired by QBS in Strategic Deal
Deal News | Jan 30, 2025 | EIN
QBS Software, based in Cheshire, has announced its acquisition of Prianto Group, a Germany-headquartered firm, marking its 14th transaction over six years. This acquisition is set to create a combined organization with near $600 million in recurring revenues and over 400 employees across 12 countries. The move is part of QBS's strategy to integrate strategic acquisitions to enhance its organic growth, as stated by Dave Stevinson, CEO of QBS. The transaction has involved the acquisition of 12 Prianto companies located in 10 different countries. Prianto's co-founders, William Geens and Oliver Roth, express optimism about the strengthened market opportunities and their roles in the newly formed group, which positions them among the leading software distributors globally. The deal is anticipated to be finalized by February 2025.
Sectors
- Software Distribution
Geography
- Germany – Prianto Group, the target company, is headquartered in Germany, making this geography relevant to the acquisition.
- United Kingdom – QBS Software is headquartered in Cheshire, UK, highlighting the cross-border nature of this transaction.
Industry
- Software Distribution – The article discusses a major acquisition in the software distribution industry, highlighting QBS Software's expansion through acquiring Prianto Group, a company known for its expertise in software distribution.
Financials
- $600 million – Projected organization recurring revenues post-acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| QBS Software | Acquirer | Company | Cheshire-headquartered firm acquiring Prianto Group as part of its strategic expansion. |
| Prianto Group | Target | Company | Software distribution company headquartered in Germany, being acquired by QBS Software. |
| Dave Stevinson | CEO of QBS | Person | Chief Executive Officer of QBS, leading the acquisition strategy. |
| William Geens | Co-founder of Prianto | Person | Co-founder of Prianto, discussing the strategic benefits of the acquisition. |
| Oliver Roth | Co-founder of Prianto | Person | Co-founder taking on the role of Group CCO post-acquisition. |
| Thomas Kasper | Managing Director of Prianto | Person | Managing Director of Prianto, commenting on the merger. |