Private Equity Firm Acquires SD-WAN Cloud Service Provider Expereo
Summary
Private equity firm Vitruvian Partners has acquired Expereo, an SD-WAN and cloud acceleration service provider. Expereo serves roughly 30 percent of Fortune 500 companies, mainly as a service provider that optimizes Internet performance. In a prepared statement about the Vitruvian Partners deal, Expereo CEO Irwin Fouwels 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.” “We have been tracking Expereo since 2016 and have seen the company consistently outperform, and more recently make multiple significant strategic acquisitions. 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.” “The rapid adoption of cloud-based applications and SD-WAN technologies puts Internet-based WAN solutions at the center of multinational companies’ business models. Expereo has delivered impressive growth since we invested in the business and truly capitalized on these technology trends.