inherent Group buys Toulouse-based SME cloud IT services provider Equadex
Summary
Equadex, a French SME data server and cloud services startup, is becoming part of NY private equity firm inherent Group in an acquisition deal also supported by pan-European PE outfit Keensight Capital. The startup currently works with 500 SMEs and says it provides end-to-end support encompassing IT consulting, integration, app development connectivity, while also assisting with deployment in the enterprises specific operational technology stack. Following the acquisition, the Equadex team is set to join adista, an inherent Group portfolio holding in northeast France also focused on IT and cloud hosting services. A total of 12 local data centres were active in inherents portfolio prior to the acquisition and the private equity firm also owns 100 cloud "points of presence" aimed at shoring up regional connectivity. Intelligent analytics, automation and cloud-based software apps execute key parts of an SMEs operational infrastructure without the need to host on-premises data servers.