CONET Group Acquires ISB AG

IK Partners Acquires CONET from H.I.G. Capital

October 26, 2021

IT Services

IK Partners' IK IX Fund has signed a definitive agreement to acquire a majority stake in CONET from H.I.G. Capital, with CONET's management investing alongside IK. CONET is a German IT consulting, systems-integration and software development firm focused on public-sector and enterprise digital transformation, employing over 1,100 people across Germany, Austria and Croatia; the deal is subject to antitrust clearance.

CONET Technologies Acquires PROCON IT AG

December 12, 2019

IT Services

CONET Technologies, a portfolio company of H.I.G. Capital, has agreed to acquire PROCON IT AG. The deal strengthens CONET's presence in southern Germany and expands its capabilities in SAP Business Intelligence, data intelligence, and cloud solutions; PROCON IT's management will remain in place.

Converge Technology Solutions Acquires Software Information Systems, LLC

January 21, 2019

IT Services

Converge Technology Solutions Corp. acquired all Class A membership interests in Software Information Systems, LLC (SIS) from VBS Holding Company, Inc., giving Converge full control of SIS. The deal adds managed cloud delivery, compute/network/storage optimization and IT spend optimization capabilities to Converge's Hybrid IT platform and keeps SIS's existing management team in place.

The Planet Group (MidOcean-backed) Acquires Interactive Business Systems (IBS)

November 13, 2020

Staffing & HR

The Planet Group, a portfolio company of MidOcean Partners, has agreed to acquire Interactive Business Systems (IBS), an Oak Brook, Illinois–based provider of flexible IT staffing, project solutions and managed services. The deal is an add-on acquisition intended to strengthen Planet's technology services and expand its IT staffing and managed-service capabilities, including IBS's Midwest presence and offshore delivery center in India.

Relatech Acquires ConneXSoft Product Suite

May 13, 2025

Software

Relatech S.p.A. has acquired the product suite of ConneXSoft GmbH, a Munich-based provider of SCADA extension software for building, energy management and industrial automation markets. The deal supports Relatech's internationalization into the DACH region, strengthens its Ignition SCADA distribution in Germany and Austria, and led to the creation of a new entity, Relatech CXS GmbH, to serve local customers and partners.

Convergint Acquires Keyotel

October 4, 2021

Engineering Services

Convergint, a global systems integrator, has acquired Keyotel, a German electronic security integrator, doubling Convergint's footprint in Germany and establishing a new office in Frankfurt. The acquisition strengthens Convergint's service capabilities across Germany and expands its local presence to better serve global customers.