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Organic growth, accelerated by strategic acquisitions
€10.3mn
INVESTMENT BY DBAG
€37mn
Revenues 2020 (preliminary)
311
Employees 2020

KEY FACTS AT A GLANCE

  • Strategic digital consulting, platform and architecture design, software development and round-the-clock cloud operations
  • Implementation and acceleration of the digital transformation of companies
  • Further development of the group of companies through strategic acquisitions

CLOUDFLIGHT

INVESTMENT BY DBAG

€10.3MN

First invested

JUNE 2019

REVENUES in €mn

 

27

 

2018

 

33

 

2019

 

37

 

2020 (preliminary)

As of 30 June 2021

~26

PER CENT

compounded annual growth rate expected for custom software development market

What convinced us was the team's entrepreneurial vision, together with strong growth momentum in the market environment Cloudflight is operating in.

LUCAS HERBERT
MANAGING DIRECTOR

PROFILE

The transaction brought together software specialist Catalysts with Crisp Research – an IT research and consultancy firm specialised on cloud computing, creating a provider of digital and cloud services with a truly special profile, in a fragmented market. With over 300 software and cloud experts, Cloudflight can provide customers with holistic support from strategic digital consulting, platform and architecture design, to software development and round-the-clock cloud operations. The focus is on the core area of software development. The company supports SMEs, corporate groups and public-sector clients with the implementation and acceleration of their digital transformation.

Catalysts contributes its software development expertise to the new Group, whilst Crisp's team of experienced digital strategists and cloud computing architects will be advising clients – independent of which technology they are using. Both companies benefit from long-standing client relationships in their respective fields of activity and extensive expertise in digital 'hot spots' such as cloud computing, Internet of Things, and artificial intelligence.

POTENTIAL FOR DEVELOPMENT

The combination of Catalysts and Crisp to one group of companies and the investment offer opportunities for clients and employees: The company can now pursue a European growth strategy that offers customers a comprehensive service portfolio and software developers exciting fields of activity and attractive locations. The plan is for Cloudflight to develop further, gaining strength through strategic acquisitions. The management's goal is to position Cloudflight as a full-service digitisation partner by expanding the service offering, for example through an active acquisition strategy that focuses on smaller IT service companies. Corresponding company acquisitions are in preparation.

Responsible team member

Lucas Herbert
Lucas Herbert

Managing Director

Lucas Herbert
+49 69 95787-208

Lucas Herbert

Managing Director

Lucas Herbert joined Deutsche Beteiligungs AG in 2007 and became a Managing Director in 2015.

Lucas Herbert has 13 years of experience in the private equity sector. During this time, he has gained extensive knowledge, particularly in the IT services/software, mechanical and plant engineering and healthcare sectors. Lucas Herbert has been involved in a large number of corporate investments and disposals. These include Romaco, Spheros, Gienanth and Silbitz. He also led the investment process in blikk, Cloudflight and operasan.

He holds a Master of Science in Business Administration from the Rotterdam School of Management, Erasmus University, and also studied at the Maastricht University and the University of Newscastle, Australia.

Current portfolio companies

Silbitz Gienanth

Former portfolio companies

Lucas Herbert

Managing Director

+49 69 95787-208