Clearwater International advises Solido Hosting on the sale to Intelligent Group
Clearwater International has advised Solido Hosting A/S (Solido) on its sale to the international provider of hosting and cloud services, Sentia, backed by the Benelux-based private equity investment group, Waterland.
Solido, established in 2000 by Christer Lasse Leth Nielsen, has a leading position in the Danish hosting market offering customised hosting and application solutions to businesses. The company specialises in highly automated/structured design and management of complex hosting solutions, based on the individual needs of the customer. It has shown positive growth with CAGR of 16% in the last five years with a significantly high level of recurring revenue.
Sentia is an international hosting group providing products and services. Sentia is one of the market leaders in the Benelux for hosting services. In addition to cloud servers and complex tailored hosting and outsourcing, it also offers domain names, email services, and traditional web hosting.
The company provides services for more than 100,000 customers spread around the globe but concentrated mostly in the Benelux. Thanks to the acquisitions, Sentia now has approximately 550 employees and the expected consolidated turnover for 2016 amounts to €95m.