Elovade Deutschland GmbH
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Elovade Deutschland GmbH - overview
Established
1995
Location
Wetzlar, -, Germany
Primary Industry
Software
About
Based in Germany, Elovade Deutschland GmbH is a value-added software distributor focused on IT security and managed service provider (MSP) solutions, catering to various business needs with robust security offerings. Founded in 1995 in Wetzlar, Germany, Elovade Deutschland GmbH specializes in providing IT security solutions. The company has undergone strategic pivots to enhance its service offerings and currently operates without any known subsidiaries. Founder Volker Lang's previous entrepreneurial endeavors are not documented.
Elovade has been involved in 3 notable deals, with the most recent deal occurring on October 31, 2023. Elovade is a next-generation value-added software distributor specializing in IT security and managed service provider (MSP) solutions. Their core product offerings include a comprehensive suite of security solutions such as antivirus, encryption, email and network protection, as well as RMM (Remote Monitoring and Management) solutions, backup services, and email archiving. These products are tailored to meet the diverse needs of enterprises of various sizes, enabling them to maximize operational potential while ensuring robust security measures.
Elovade serves over 25,000 system houses primarily in Europe, focusing on markets like Germany, Austria, Switzerland, and Sweden, to help businesses navigate the complexities of modern IT security and management. In 2023, Elovade reported a total revenue of USD 48. 30 mn and an EBITDA of USD 7. 49 mn.
The company generates revenue through a structured business model focused on B2B transactions, facilitated by partnerships with system houses. Clients engage with Elovade through subscription agreements and licensing models, with various pricing plans tailored to partners' needs, including free trial options to encourage product adoption. Elovade plans to enhance its service offerings and expand its operational footprint beyond the DACH region. The recent acquisition of EBERTLANG Distribution GmbH by Verdane Capital Advisors will support this expansion, enabling Elovade to scale its assets and accelerate growth.
Specific upcoming products and services are under development, and further details on release dates will be shared as they become available.
Current Investors
NEXX Capital
Primary Industry
Software
Sub Industries
Application Integration Software, Content Management Software
Website
www.elovade.com
Verticals
Cloud Computing, HealthTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Elovade Deutschland GmbH - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Brigantia Partners Limited | - | ||||||||
| Add-on | Completed | Avangate Security Srl | - | ||||||||
| Add-on | Completed | Inuit AB | - | ||||||||
| Secondary Buyout | Completed | Elovade Deutschland GmbH | - | ||||||||
| Add-on | Completed | 8Soft GmbH | - |
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