netgo GmbH
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netgo GmbH - overview
Established
2007
Location
Berlin, -, Germany
Primary Industry
IT Infrastructure
About
netgo group GmbH is a Germany-based IT service provider that focuses on delivering innovative IT and software solutions to optimize business processes and tackle modern IT challenges for various industries. netgo GmbH, founded in 2007 in Berlin, Germany, specializes in IT services and software solutions. The company has made a strategic pivot towards cloud services and managed IT solutions, catering to various sectors including finance, healthcare, and education. The current leadership team includes CEOs Andre Hüttemann, Constantin Wehmschulte, Daniel Steig, Friedolin Tronicke, Guido Baumann, Marco Fritz, Markus Radtke, Martin Müller, Martín del Castillo, Michael Schmiedel, Oliver Günter, Ralf Berndt, and Sebastian Meyer.
In October 2019, Waterland Private Equity Investments acquired a 60% majority stake in the company, and this transaction was completed at that time. netgo group specializes in comprehensive IT and software solutions designed to enhance business processes. Their core offerings include cloud services, IT infrastructure, software development, and managed services. These solutions are tailored to meet the needs of various industries, including finance, healthcare, education, and logistics, and support clients ranging from small businesses to large corporations.
The company primarily operates in the DACH region and extends its services to other European markets. In 2022, netgo group reported a revenue of EUR 387. 42 mn, with an EBITDA of EUR 16. 54 mn.
This revenue is generated through a structured model that includes subscriptions for cloud services, managed IT solutions, and bespoke software development projects, demonstrating the company's ability to maintain a robust financial structure through long-term client partnerships and direct engagements. netgo group is poised for growth with plans to launch new IT solutions and expand into additional European markets. The company aims to leverage its recent funding from the October 2019 deal to enhance its product offerings and increase market penetration. Specific details on new product launches or market entry dates have not been disclosed, but the ongoing investment will support these strategic initiatives.
Current Investors
Waterland
Primary Industry
IT Infrastructure
Sub Industries
Data Centers, Consulting Services, eMarketing/Digital Marketing, Website Hosting, IT Infrastructure, IT Security/Cybersecurity, Software
Website
www.netgo.de
Verticals
Cloud Computing, Cloud Computing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
netgo 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, Secondary Buyout | Completed | MEHRWERK GmbH | - | ||||||||
| Add-on | Completed | Cema AG | - | ||||||||
| Add-on | Completed | Arxes-tolina GmbH | - | ||||||||
| Add-on | Completed | CSM MeinSystemhaus GmbH & Co. KG | - | ||||||||
| Add-on | Completed | commehr GmbH | - |
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