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Pride Capital Partners supports full-service provider Fivespark in the acquisition of Use IT

Pride Capital Partners portfolio company Fivespark acquired Use IT as part of its long-term growth strategy. Use IT provides, among other services, workplace management, hosting and connectivity. Fivespark is an Amstelveen based full-service provider that provides a total solution of managed services, software development, connectivity, hardware and adoption. Customers of Fivespark are large SME, non-profit organizations and corporates. The ICT service provider is, among others, an official partner of KPN, VodafoneZiggo and Microsoft. In realizing its growth ambitions, Fivespark is supported by Pride Capital Partners. Fivespark expects to realize more acquisitions in the near future.

The team of Use IT, consisting of 20 employees, manages thousands of workstations and is known for high-quality and proactive service in the field of ICT. The entire team of Use IT and the associated knowledge and expertise will be retained after the acquisition. Ray Kemp, CEO of Fivespark: „The acquisition of Use IT allows us to manage the growing demand for everything around the digital workplace. We welcome an experienced team for whom topics such as digital work environments and connectivity are their second nature.“ Use IT has been around for more than 20 years and is based in Amsterdam. The name Use IT will continue to exist.

Fivespark’s ambition is to facilitate easy, secure and digital collaboration for companies and their employees. With that mission in mind, Fivespark believes to continue succeeding. In recent years, the company has grown to 70 employees and serves more than 1,800 companies such as British School of Amsterdam and retail chain vanHaren. „Companies grow fast when people can work safely and freely. The digital workplace is often the beating heart of that growth. The demand for expertise around this is growing and it is important that we have all key services and expertise in-house to make this possible.“ states Ray Kemp, CEO of Fivespark.

Lars van ’t Hoenderdaal, Managing Partner Pride Capital Partners: “The acquisition of Use IT is the first step in building a full-service managed services organization in the ICT segment. Pride Capital Partners is supporting the ambitious management team in their strategy to become a major player in the industry, so we are looking forward to support Fivespark in realizing more strategic acquisitions together.”

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About Fivespark

Fivespark has more than 20 years of experience in telecom and ICT. Under the motto “Keep it simple”, more than 70 Fivespark colleagues start their workday for more than 1,800 customers. Fivespark offers them a total solution within five pillars that transcends the traditional approach. These five pillars are managed services, software development, connectivity, hardware and adoption. Fivespark works with Microsoft, Samsung, Apple, KPN, VodafoneZiggo and Datto, among others. From offices in Amstelveen and The Hague, Fivespark works throughout the Netherlands. More information can be found at fivespark.com

About Pride Capital Partners

Pride Capital Partners supports and invests in profitable and growing businesses in the Software and IT industry. By combining private debt and equity, Pride Capital Partners enables software and IT entrepreneurs in realizing their growth ambitions. Typical scenarios include growth, acquisitions and management buy-out (MBO) transactions. The focus is on Benelux, DACH-region and Nordic companies. Pride Capital Partners has offices in Amsterdam, Cologne and Copenhagen.
The funding of Pride Capital Partners is provided by its own shareholders, institutional investors, wealthy individuals, family offices and (former) entrepreneurs. The portfolio includes Fivespark, Carya, Ixly, Dileoz, Matrixian, Archipel Academy, ScanmarQED, Netaxis Solutions, Fairbanks, Blue Field Agency and Spotzer Digital in the Benelux region. In the DACH-region the portfolio includes
Architrave, GBC Gruppe, Talentsconnect, moveXM, Kendox, eKomi and Link11. In the Nordics, Pride Capital invested in EasyTranslate.

www.pridecapital.nl

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