The transaction brings 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. Going forward, Cloudflight will leverage the skills and experience of approximately 350 cloud computing experts to provide a comprehensive service to clients – encompassing strategic advice on all things digital, platform and architecture design, software development, as well as 24/7 cloud operations. 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.

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.

DBAG Fund VII formed Cloudflight in June 2019. The newly appointed group CEO and group CFO together with the existing management team aim to continue the strong growth path of prior years. Fuelled by growing customer demand and high utilisation rates, Cloudflight expects to increase its revenues and EBITDA by double-digit growth rates in 2019.

In 2020, Cloudflight will focus on expanding its resources, especially retaining and training skilled personnel to further leverage the market growth. It is the management’s target to position Cloudflight as a full-service digitisation partner by expanding it service offering, e.g. by pursuing an active acquisition strategy focused on smaller IT services companies.