Telefónica Tech Buy Be-Tena, Cloud Solutions Provider

Up to 350 million euros: that is the amount that Telefónica Tech has paid (or may pay depending on potential contingent payments linked to its future results) to acquire The preferences.

As one of the five main partners of Cloud Microsoft Dynamics In Europe, The preferences specialized in promoting digital transformation based mainly on Microsoft, but also work with Infor, UI Path and Qlik to optimize business processes from different sectors.

The transaction involves assessing the company in 13.7 times its HOME/OIBDA, considering the synergies and their results provided by 2022. Be-terna reached in 2021 a proform income of 121 million euros And it is growing above 30% year -on -year, both organic and inorganically, with a successful history of 15 integrations. Telefónica Tech has acquired the 100% of the actions of the Be-Tena A Deutsche Private Equity (DPE) group (DPE) and other minority shareholders. This new operation, whose closure will be completed when the authorization of the competence authority in Germany occurs, reinforces the growth history of Telefónica Tech, whose annual revenues approached 1,000 million euros in 2021 with an interannual growth of 33.6%.

Founded in 2005, Be-Tena currently has a Highly qualified equipment of more than 1,000 employees distributed in 28 locations In Germany, Austria, Switzerland, Adriatic Region and Nordic countries, among other markets. With this new acquisition, Telefónica Tech significantly enriches its geographical scale and its professional and managed services capabilities throughout Europe.

Partnership con Microsoft

Be-terna is among the Microsoft Dynamics Microsoft in Europe And he has won numerous prestigious awards for members, such as the Inner Circle in 2021 and has recently received advanced specialization in small and medium -sized Microsoft companies. In addition, Be-Tena has multiple certifications and prizes in the sector, such as Microsoft's Gold Partner Status for eleven competitions, Qlik Elite Solution Provider and Infor Gold Channel Partner on multiple occasions.

Be-Tena's acquisition reinforces Telefónica Tech's commitment to become a leading actor in technological services in Europe. Be-terna adds one new geographical scale and reinforces the digital capabilities of operations de M&A de Telefónica Tech realizadas hasta la fecha, que alcanza ya la cifra de más de 5.400 empleados altamente cualificados. En el último año, Telefónica Tech ha integrado acens, he bought Altostratus, he has incorporated Prompt And he has consolidated Telefónica Tech UK&I a través de las adquisiciones de Cancom UK&I, y recientemente Incremental Group, que ha servido para reforzar sus capacidades en la nube y construir una compañía tecnológica líder en Reino Unido e Irlanda.

José Cerdán, CEO of Telefónica Tech, stands out on the acquisition that “as the pandemic forces to migrate faster towards the cloud and a greater need for digital transformation, Microsoft stands as one of the preferred partners for these projects, and Be-Tena is a leading European actor in this field”. On the other hand, Christian Kranebitter, founder of Be-Tena, celebrates this "key milestone in the history of Be-Tena": "Currently, many clients are increasingly transferring critical workloads for the business to the cloud. The combination of our existing solutions with the offer of Telefónica Tech creates a portfolio of solutions that ideally supports this transformation."