TIMETOACT GROUP Acquires OpenAdvice IT Services GmbH
September 30, 2022
TIMETOACT GROUP has acquired OpenAdvice IT Services GmbH, a specialist in application performance monitoring and business service assurance, consolidating an existing IBM partner relationship. The deal strengthens TIMETOACT GROUP's managed-services and monitoring capabilities and brings OpenAdvice's leadership (Jeanette and Markus Fürst) into the TIMETOACT shareholder group; financial terms were not disclosed.
- Buyers
- TIMETOACT GROUP
- Targets
- OpenAdvice IT Services GmbH
- Sellers
- Markus Fürst, Christian Port
- Platforms
- TIMETOACT GROUP
- Industry
- IT Services
- Location
- Hesse, Germany
- Transaction Type
- Addon
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