Keensight sells LinkByNet to Accenture

In addition to the minority stake owned by Keensight, Accenture will also acquire the rest of the company's shares.

The sale ends a five-year holding period for Keensight, which invested €50m in LinkByNet in exchange for a minority stake in the company.

Under Keensight's ownership, LinkByNet doubled in size through organic growth, especially in Asia, and via an external acquisition strategy. The company completed five add-ons: Treeptik in 2017, Securiview in 2018, and Objectif Libre, Data Essential and Wise Partners in 2019.

Accenture is a global professional services company headquartered in Ireland and listed on the NYSE. The firm offers strategy, consulting, interactive, technology and operations services with a focus on digital, cloud and security. It employs 506,000 staff and has clients in more than 120 countries. Accenture generated revenues of $44bn and operating income of $6.5bn in 2020.

With the acquisition of LinkByNet, the firm expects to enhance the global capabilities of its Accenture Cloud First division, with LinkByNet contributing deep cloud and engineering specialisation, managed services, sophisticated technology tools and cybersecurity intelligence.

Company
Founded in 2000 and based in Saint-Denis, LinkByNet advises companies on cloud infrastructure to promote their digital transformation, cybersecurity tools and optimisation of data.

The business employs 900 staff across its offices located in France, Belgium, Canada, China, Luxembourg, Mauritius, Singapore and Vietnam.

LinkByNet generated revenues of around €100m in 2020.

People
Keensight Capital – Philippe Crochet (managing partner).
Accenture – Karthik Narain (global lead, Accenture Cloud First); Olivier Girard (market unit lead for Accenture France & Benelux).
LinkByNet – Patrick Aisenberg, Stéphane Aisenberg (founders).

Advisers
Company – Arma Partners (corporate finance).

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