Keensight's LinkByNet buys Data Essential
Keensight Capital's France-based IT services firm LinkByNet has acquired Luxembourg-based Data Essential, a startup specialising in consulting and the integration of cloud solutions.
LinkByNet has completed the add-on with the intention of developing its consulting division, formed in mid-2017 and now expected to employ around 100 people by early 2020. The Data Essential bolt-on will also help the France-headquartered acquirer to strengthen its presence in Benelux.
The transaction sees Data Essential founder Jonathan Basse join LinkByNet's shareholding structure.
The bolt-on is the fourth carried out by the group since Keensight acquired the business in 2016, investing €50m. LinkByNet previously acquired France-based companies Treeptik, Securiview and Objectif Libre.
Company
Founded in 2015, Data Essential is a Luxembourg-based startup specialising in the consulting and integration of cloud solutions (public and private). It delivers enablement, integration and support services to help customers with big data and analytics, cloud native infrastructure and DevOps coaching. The business employs fewer than 50 people, according to LinkedIn.
People
Data Essential – Jonathan Basse (founder).
LinkByNet – Stéphane Aisenberg (co-founder, CEO)
Keensight Capital – Philippe Crochet (partner).
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