Munich, Frankfurt, Karlsruhe, Pfäffikon and Sofia, 5 July, 2021. Following completion of their merger, and with the backing of pan-European private equity firm Silverfleet Capital, digital transformation leaders ec4u and BULPROS are embarking on the next phase of their growth journey together under the new company name DIGITALL.
By leveraging business synergies in the areas of customer base, services and geographic footprint, as well as the wider digitalization trend, DIGITALL is firmly setting its sights on future growth. With more than 1,400 employees across 25 offices in 11 countries, the company offers a full range of digital cloud solutions, including cyber security, migration and managed services, for clients’ business-critical processes in marketing, sales, service and e-commerce across the entire customer lifecycle.
DIGITALL will be led by the proven management team of Ivaylo Slavov as CEO and David Laux as COO, both of whom served as heads of the respective predecessor companies and who continue to hold significant stakes in the merged company.
Ivaylo Slavov, CEO of DIGITALL, commented: “I am really proud to be DIGITALL now. I look forward to steering DIGITALL towards further growth, together with our leadership team. Our strong brand signals our clear focus and commitment to deliver best in class digital transformation services and the next level of cloud experience on the digital journey of our customers.”
David Laux, COO of DIGITALL, added: “This is an exciting moment and the next logical step for me as a person and our whole team. We are aiming for significant business and regional growth as we join forces and open a new chapter under the DIGITALL brand for our community - employees, customers and partners. With our innovative business and technology offerings, our strong customer base and clear positioning in a promising digital market, I am 100% convinced we have the key ingredients for future success and to become one of the most relevant digital players on the market.”
The management team will be supported on the Advisory Board by industry leaders with in-depth and complementary sector experience. Joining the Advisory Board are Hamid Akhavan, who brings extensive industry experience from his time as CEO and COO of T-Mobile and Deutsche Telekom AG respectively; Digital Services expert Gregor Bieler, who offers a wealth of relevant experience having served on the Supervisory Boards of several leading IT players as well as in the management team of Microsoft; and Cyber Security expert Frank Brandenburg, with his twenty-eight years of experience in sales, marketing, business development and financial management, having served amongst other roles as Global COO at NTT Security. Silverfleet Capital partners Dr Christian Süss and Joachim Braun will also become members of the Advisory Board.
“The rapid pace of technological advancement is impacting all industries, creating excellent opportunities for DIGITALL as a leading transformation specialist to partner with enterprises in their digital journey,” remarked DIGITALL Chairman of the Advisory Board Hamid Akhavan. “Our growth strategy for DIGITALL is simple - we measure our success through the success of our customers.”
“The cloud-based platform business is both highly attractive and very dynamic,” added Advisory Board member Gregor Bieler. “I am delighted to be in a position to help DIGITALL in unlocking its full potential.”
“I’ve been very impressed with the management team and its plans for the future,” said Frank Brandenburg, member of the Advisory Board. “The rebrand is a further, clear statement of DIGITALL’s ambition.”
Dr Christian Süss and Joachim Braun, Partners at Silverfleet Capital, commented: “DIGITALL already has several strategic partnerships with leading players in the digital platform ecosystem. We look forward to helping DIGITALL explore further areas for cooperation and expansion.”
BULPROS and ec4u were advised by Gleiss Lutz (Legal), Karastoyanov, Mitkov & Associates (Legal), Dragan Manoev (Advisory), Fuchsbrunner & Koll. (Legal) and Finance Advisory GmbH & Co. KG (Advisory).
Picture from left to right: David Laux, COO at DIGITALL, Hamid Akhavan-Malayer, Chairman of the Advisory Board at DIGITALL, Ivaylo Slavov, CEO at DIGITALL, Joachim Braun, Partner at Silverfleet Capital, Dr Christian Suess, Partner at Silverfleet Capital, Benjamin Hubner, Principal at Silverfleet Capital
About Silverfleet Capital:
Silverfleet Capital has been a leading European mid-market private equity investor for more than 30 years building its our track record across more than 120 deals, with €3.7bn of investments and €6.4bn of proceeds since 1990. Recent investments include:
- CARE Fertility, the UK’s leading fertility services provider;
- CoreDux, a leading designer and manufacturer of ultra-purified and specialised metallic hoses;
- Collectia, a fast-growing debt collection and debt purchase business operating primarily in Denmark with a niche presence in Sweden, Norway and Germany; and
- ec4u & BULPROS, two leading European IT service providers specialising in digital transformation, cloud-based solutions and cyber security.
Silverfleet also has a dedicated lower mid-market investment team, the European Development Fund, which has completed three investments:
- STAXS Contamination Control Experts, the Benelux leader in cleanroom consumables distribution
- TrustQuay, the global leader in technology for the trust, corporate services and alternative fund administration markets
- OneStock, a European leader in modern and agile order management software (OMS) for retail
Silverfleet Capital specialises in creating value by identifying businesses within its core sectors that will benefit from selected macro growth criteria and then working with its portfolio companies to transform their growth prospects. These transformation strategies include investing to accelerate organic growth, increasing the international profile of each business, making follow-on acquisitions, and focusing on operational improvements.
Silverfleet Capital invests in companies with headquarters across the UK and Ireland, the DACH region, Benelux and the Nordics.
Silverfleet Capital has a consistently strong realised investment track record. Recent exits include:
- 7days, a leading designer, producer and supplier of modern and innovative medical workwear (3.1x cost);
- Phase One, a leading technology business specialising in high-end digital imaging software and equipment (4.6x cost); and
- Ipes, a leading provider of outsourced services to Private Equity in Europe (3.7x cost).
To find out more: www.silverfleetcapital.com
We are now DIGITALL (formerly ec4u and BULPROS), born from two technology companies with more than 20 years of success on the global market. Joining forces, we deliver the next generation Digital Transformation & Digital Cloud Experience to enterprises. We digitalize and protect customers, employees and data. Our customers trust us to transform their core business processes in a secure way in the digital world. This is how we empower them to become the digital leader in their industry and scale globally.
DIGITALL operates on a global scale with over 1,400 employees across 25 offices in 11 countries located in Europe and North America.
In addition to building a competitive portfolio, our team of expert employees has established strong relationships with strategic technology partners, including Salesforce, Microsoft, IBM, SAP, Oracle, Cisco, Snowflake etc.
DIGITALL is combining the strengths of two companies that have been recognized through several notable rankings and employer awards. These include nominations amongst the fastest growing technology companies according to Deloitte, Financial Times, Inc. 5000, and ISG; top employer awards by kununu (Open Company and Top Company) and by Great Place to Work (best employer in Germany and best employer in the IT sector); recognition among the TOP 1% companies for CSR activities by EcoVadis; and an award as a top employer by the German industry magazine FOCUS BUSINESS.
Our experienced teams bring deep industry understanding and expertise in Telco and Utilities, Financial Services and Insurance, Software and Technology, Retail, Logistics, Consumer Goods, Fashion and Luxury, Automotive, Manufacturing and Construction, Healthcare and Life Science and Public sector.
To find out more: www.digitall.com