Clearwater International advises IREO Soluciones y Servicios on its sale to ALSO Holding AG
Clearwater International has advised IREO Soluciones y Servicios (IREO), a value-added distributor (VAD) specialised in security and service management software, on its sale to ALSO Holding AG (ALSO), a leading Swiss technology provider to the ICT industry.
Based in Madrid and founded in 2002 by Chuck Cohen and Gema Cobos, IREO is one of Spain’s top VAD, specialising in security, networking, systems/data centre management and IT Service Management Solutions (ITSM) for value-added resellers (VARs) and system integrators. The company represents more than 20 market-leading vendors who provide innovative and differentiated solutions and has a customer base of approximately 600 resellers, covering the mid-sized enterprise market.
ALSO is one of the leading technology providers for the ICT industry and are active in 27 countries across Europe and 93 countries worldwide via Platform-as-a-Service (PaaS) partners. The ALSO ecosystem offers around 110,000 resellers hardware, software and IT services from more than 700 vendors in over 1,340 product categories.
Through this acquisition, ALSO will expand its cloud business in Spain even faster with the integration of IREO's solutions into ALSO Cloud Marketplace (ACMP). The acquired know-how will be used to enhance business in all other European countries, as well as PaaS partners.