Press Release: The Carlyle Group invests in HSO
FOR IMMEDIATE RELEASE
July 10, 2019
Veenendaal, the Netherlands – HSO announces today that global investment firm The Carlyle Group (NASDAQ: CG) has made an investment in HSO, a leading global Microsoft Dynamics 365 partner.
Equity for the investment came from Carlyle European Technology Partners (CETP) III, a €635 million fund that invests in technology-focused companies in Europe and the US.
As Microsoft Solution Integrator, HSO innovates, designs, implements, integrates, optimizes and manages business processes and applications based on Microsoft Dynamics 365, Microsoft 365, all leveraging Microsoft’s cloud platform Azure. HSO serves clients across Europe, North America and Asia.
Carlyle’s investment will support HSO’s strategy to substantially expand its global capabilities.
Michael Wand, Managing Director and Co-Head of the CETP advisory team, said: “HSO is one of the top independent Microsoft Dynamics 365 partners worldwide and a business which we have admired for a while due to our previous investments in the space. With dedicated industry sector and technology expertise in innovative business process applications and a global footprint, HSO is well positioned to support clients in their digital transformation journey. We are excited to partner with the management team led by the founder Peter J. ter Maaten and we look forward to supporting their future growth plans.”
Peter J. ter Maaten, founder and CEO of HSO, said: “Delivering results, embracing new technologies and an entrepreneurial attitude has allowed HSO to grow year-on-year for more than 15 years. We are delighted to partner with one of the largest global investment firms in technology and business services as we prepare for our next stage of growth. Our focus will remain putting clients first, setting the standard for delivering exceptional global services, with people that share the desire and drive to be the best in the technologies and industries we serve. We welcome the investment and experience that CETP brings to HSO and we look forward to benefiting from it to bolster our future growth and expansion.”
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $216 billion of assets under management as of December 31, 2018, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.
HSO is a leading global technology- and professional services company, delivering successful business transformations, using Microsoft cloud business applications, data and analytics, that improve results of our customers.
As Microsoft Solution Integrator, HSO innovates, designs, implements, integrates, optimizes and manages business processes and applications based on Microsoft Dynamics 365, Microsoft 365 and Microsoft Azure.
With over 800 professionals throughout Europe, North America and Asia, HSO combines innovative technology with extensive industry expertise in retail, distribution, manufacturing and (field-) services and unique global delivery capabilities to help customers achieve and maintain competitive advantage (anywhere) in today’s digital and global world.
HSO has been part of Microsoft’s Inner Circle since 2007, the top 1% of best performing Microsoft partners worldwide.
The Carlyle Group
Tel: +44 (0) 207 894 1632
Tel : +31 (0) 6514 70188