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M&A Deal Summary

Open Line Acquires Parsek Information Technologies

On December 9, 2021, Open Line acquired information technology company Parsek Information Technologies from 3TS Capital Partners

Acquisition Highlights
  • This is Open Line’s 1st transaction in the Information Technology sector.
  • This is Open Line’s 1st transaction in Austria.

M&A Deal Summary
Date 2021-12-09
Target Parsek Information Technologies
Sector Information Technology
Buyer(s) Open Line
Sellers(s) 3TS Capital Partners
Deal Type Add-on Acquisition

Target

Parsek Information Technologies

Vienna, Austria
Parsek Information Technologies is a healthcare IT specialist, which provides collaboration and integration platforms and solutions to various stakeholders in the health and care markets. Its enterprise-grade collaboration and integration platform Vitaly, connects physicians, hospitals, post-care institutions, rehabilitation centers, health insurers, service providers, and of course patients. Parsek Information Technologies is based in Vienna, Austria.

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Buyer(S) 1

Buyer

Open Line

Limburg, Netherlands
Category Company
Founded 2002
Sector Information Technology
DESCRIPTION

Open Line designs, implements and manages ICT infrastructures and cloud solutions. Deploying (hybrid) cloud services in socially, socially and legally 'difficult' environments requires trust and certainty. Healthcare, government and the financial sector, for example, place high demands on data protection. Open Line was founded in 2002 and is based in Limburg, Netherlands.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Austria M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

3TS Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

3TS Capital Partners is a private equity firm that targets buyout and expansion capital investments in Central and Northern Europe. 3TS primarily targets growth tech businesses operating in the communications, internet, media, and technology-enabled services sectors. 3TS typically holds investments for three to five years. 3TS Capital Partners was formed in 1999 and is based in Helsinki, Finland.

DEAL STATS #
Overall 19 of 23
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 9
Country: Austria M&A 2 of 2
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 SALESmanago

Cracow, Poland

SALESmanago is a cloud-based online marketing automation platform used by over 5,000 companies all over the world that manage databases of over 200 mln customers. Using the power of real-time website and mobile application behavior analysis SALESmanago enables clients to fully personalize e-mail marketing, dynamic website content, social media (via Facebook Custom Audiences), and mobile marketing (push and in-app messages). SALESmanago was founded in 2011 and is based in Cracow, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 Tresorit

Budapest, Hungary

Tresorit is a cloud-based, secure file synchronizing software provider, specifically designed to share confidential data of business users. Tresorit is suitable for making shared directories in a way that the files in the directories are encrypted before being uploaded and the encrypted file will get into the cloud. Tresorit was founded in 2011 and is based in Budapest, Hungary.

Sell -
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