EMERAM subsidiary ]init[ takes over Swiss Ironforge Consulting
Munich/Berlin — ]init[ AG für digitale Kommunikation, a portfolio company of the investment companies EMERAM and Rivean Capital, is expanding its international public sector business with the acquisition of the Swiss company Ironforge Consulting AG. The transaction, effective September 1, 2022, has now been successfully completed. The aim is to tap into the Swiss market as well as to further develop the portfolio for end-to-end digitization solutions. ]init[, with more than 800 employees, is considered one of the leading project service providers in the field of digital transformation.
Since September 1, ]init[ has held 100 percent of the shares in the Swiss IT consultant Ironforge. Ironforge Consulting AG is an established player in the Swiss market since 2009 with 35 employees. The company’s customers include a large number of Swiss federal ministries. In addition, Ironforge also works for administration-related companies such as Swiss Post and Swisscom. Among other things, Ironforge has participated in the development of a Swiss ePortal for the administration.
The partnership will further strengthen Ironforge’s position in its core markets in Switzerland and enable it to accompany the Swiss administration along the entire digitization process. The company is thus aligning itself with the continuing growth in demand for holistic digitization in the public sector and is creating offerings for the consistent introduction and optimization of front-end and back-end solutions.
The current management team of Ironforge around the two managing directors Roberto Santovito and Gianni Lepore will accompany the further development of the company. Both will retain a stake in the company to drive the expansion of Ironforge together with ]init[. In return, Harald Felling, CEO of ]init[ AG, will join the board of directors of Ironforge AG.
Dr. Christian Näther, Managing Partner at EMERAM Capital Partners (Photo: Emeram), comments: ”]init[ is a digital success story par excellence. With the acquisition, the company strengthens its international orientation and gains an important location abroad. As a business development partner, we comprehensively support ]init[’s dynamic growth course. This has enabled the company to significantly expand its market position in recent years. We continue to see considerable opportunities for the future, also through further acquisitions.”
Harald Felling, CEO of ]init[ AGIronforge and we share a common culture, a very similar DNA and a strong focus on the public sector. We are therefore delighted to be able to promote Ironforge with our many years of experience in end-to-end digitization in the public sector and support it in its further growth. In this way, we want to help shape the digital transformation of Switzerland’s likewise federally organized administration.”
Gianni Lepore, founder and CEO of Ironforge AG, adds: “With ]init[ as an experienced partner, Ironforge will continue its success story with even more power. We want to significantly expand our depth and breadth of services in order to provide our customers with even better support for IT projects and digitalization projects. In this way, we want to become a central driver of user-centric digitization for the Swiss administration.”
The parties have agreed not to disclose the purchase price.
Advisors ]init[ : Noerr and Wenger Plattner (Legal) and BDO (Financial)
About ]init[ — www.init.de
]init[ AG für digitale Kommunikation is one of the leading full-service providers for digital projects in Germany. The company employs over 800 people (FTE) in Berlin, Bremen, Hamburg, Cologne, Munich and Mainz.
With fee revenues of over EUR 138 million, ]init[ is one of the ten fastest-growing Internet agencies according to the BVDW 2022 ranking. In the ranking of digital experience service providers by Lünendonk & Hossenfelder, ]init[ ranked 13th in 2021 as a “rising star” with an improvement. ]init[’s more than 500 customers include the Press and Information Office of the German Federal Government as well as numerous federal and state ministries, Continental AG, BSH Hausgeräte and Heidelberg Cement.
ABOUT Ironforge Consulting AG ‑www.ironforge.ch
Ironforge Consulting AG is an independent and neutral IT consulting company based in Muri near Bern and a subsidiary of the German ]init[ AG für digitale Kommunikation since September 2022. The Ironforge management team is formed by Roberto Santovito (COO) and Gianni Lepore (Founder and CEO). They are the first point of contact for all matters.
In its core areas of Project Services and Business Services, Ironforge supports its customers from the planning and conception to the implementation of their ICT projects. The consultants include experienced IT project managers, business analysts and polyvalent IT experts. In addition to numerous Swiss federal offices and various cantons, customers also include administration-related companies. Ironforge currently employs 35 people and was founded in 2009.
About EMERAM CAPITAL PARTNERS — www.emeram.com
EMERAM is one of the leading investment managers for medium-sized companies in German-speaking countries. Funds advised by EMERAM provide more than €500 million in capital for the development of growth companies. The portfolio includes companies from the Technology/Software, Value-added Services and New Consumer Staples sectors. EMERAM acts as a long-term business development partner for its companies and promotes the sustainable growth (organic and inorganic) of the portfolio companies. In addition, the focus is on the implementation of holistic ESG concepts.
The portfolio currently consists of six platform investments with a cumulative workforce of more than 2,500. The companies continuously achieve double-digit organic sales growth. In addition, a total of 30 add-on acquisitions to date have accelerated growth and enabled international expansion.