GleSYS acquires Stockholm Internet eXchange (STHIX)
Hosting company GleSYS today announces the acquisition of Stockholm Internet eXchange (STHIX). The acquisition is part of the growth strategy established by the owners together with VIA equity.
– I’m very delighted we’ve completed this acquisition to further expand our business across the Nordic region, says Glenn Johansson, CEO of GleSYS.
The STHIX founder is also satisfied with the acquisition.
– We already have an established and well-functioning cooperation and now we get the opportunity to further develop the business, both within Sweden but also in new markets. In GleSYS we feel we’ve found the best-suited partner in the field, says Rasmus Åberg, founder and CEO of STHIX.
– We’ve developed a clear growth strategy together with the GleSYS team to expand the offering of Infrastructure as a Service (IaaS) to meet enterprise needs. This will be done both organically and through further acquisitions. We’re very pleased to be able to broaden the network and connectivity business with such a well-reputed and skilled player as STHIX, says Daniel Hallberg, investment responsible at VIA equity.
STHIX will be operating as a separate business unit in the GleSYS Group post the transaction.
GleSYS offers IT Infrastructure as a Service (IaaS) to businesses with high requirements on availability and uptime, such as e-commerce and cyber security. The company operates two own data centers in Falkenberg and Stockholm, and offers cloud services in Oslo, Amsterdam and London. The company also acts as internet service provider (ISP) through a vast European fibre network. With head office in Falkenberg and offices in Malmö and Stockholm the company today has 40 employees. The company's turnover is approximately SEK 110 million (2019) with good growth.
STHIX provides reliable high-speed interconnection between internet service providers. STHIX was established in 2006 in Stockholm and has expanded its internet exchange points into all major data centers in Sweden and Denmark, extending the footprint to encompass Copenhagen, Gothenburg, Stockholm, Sundsvall and Umeå.
About VIA equity
VIA equity is a leading Northern European multi-stage private equity firm with an excellent track record of building and transforming our investments into national and international industry leaders. We invest in companies of all sizes, either alone (primarily in small and medium-sized companies with revenue from EUR 10 million to EUR 100 million) or together with one or more of our Limited Partners (primarily larger deals). VIA manages three funds with total assets under management of DKK 3 billion. Historically VIA has invested in software, internet, technology, energy and IT service companies.
CEO, GleSYS AB
+46 346 738 800
CEO, Stockholm Internet eXchange AB
+46 8 1215 4470
Investment responsible, VIA equity a/s
+45 2466 3150