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Organic growth, accelerated by strategic acquisitions
€10.3mn
INVESTMENT BY DBAG
€62mn
Revenues 2021 (preliminary)
333
Employees 2021

KEY FACTS AT A GLANCE

  • Customized services for cloud-first, digital product development and digital transformation
  • 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

 

20

 

2019

 

37

 

2020

 

62

 

2021 (preliminary)

As of 31 March 2022

~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

Cloudflight is one of the leading full-service providers for industrial digital transformation in Europe. With more than 950 qualified employees from the areas of software development, cloud architecture, data science and strategic IT, the company enables the successful digitalisation of its customers. Cloudflight's expertise includes artificial intelligence, cloud applications and operations, embedded software development, human-machine interface design and global e-commerce solutions for B2B and B2C customers. Cloudflight delivers scalable, flexible custom software that its IT specialists implement quickly and seamlessly in the enterprise. Clients benefit from a rapid return on investment, a future-proof technology stack and significant operational efficiencies.

Cloudflight was formed in 2019 through the merger of custom software pioneer Catalysts and IT analyst Crisp Research. Two years later, Cognostics, macio and Divante have joined the Cloudflight community, deepening expertise in AI, HMI and eCommerce. Together, Cloudflight offers its customers an end-to-end service portfolio - from consulting to custom software development and cloud native solutions to operations. 

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. 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 15 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 Maastricht University and the University of Newscastle, Australia.

Current portfolio companies

evidia Cloudflight Gienanth operasan Silbitz

Former portfolio companies

Lucas Herbert

Managing Director

+49 69 95787-208