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Carlyle Backs SEIDOR's Expansion with €3B Investment Strategy

Author: Benzinga Newsdesk | August 20, 2024 07:06am

Global investment firm Carlyle (NASDAQ:CG) today announced it has agreed to invest in SEIDOR, a leading technology services and solutions consultancy. The terms of the transaction were not disclosed.

Founded in 1982, SEIDOR provides IT solutions and a variety of services including consulting, implementation, and maintenance across Artificial Intelligence, Microsoft Edge, Customer & Employee Experience, Data & Cloud, Cybersecurity, and enterprise resource planning ("ERP") software. In addition to a highly diversified customer base, the company has partnerships with a range of industry players including SAP, Salesforce, Microsoft, IBM, Google, and AWS, and also develops proprietary products. Headquartered in Barcelona, the company has over 9,000 employees.

Carlyle will aim to support SEIDOR's growth by strengthening the management team, investing in product innovation and expansion, further developing its partnership ecosystem, evolving the company's go-to-market strategy, and driving operational efficiencies by removing business silos and pursuing cross-selling opportunities.

Equity for the investment will be provided by Carlyle Europe Technology Partners ("CETP") V, a €3 billion fund which invests in technology companies across Europe. Carlyle will leverage its longstanding track record of internationalising European software companies, including current portfolio companies GBTEC, SER Group, Shopware, CSS, 1E, Phrase and Hack The Box.

Posted In: CG

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