July 10, 2019 – HSO announces 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.”

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.

Web: www.carlyle.com
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Podcasts: www.carlyle.com/about-carlyle/market-commentary

About HSO

HSO is a Business Transformation Partner with deep industry expertise and global reach, leveraging the full power of Microsoft technology to transform the way in which people work and how businesses operate, ultimately driving improvements in business performance for our clients.

HSO helps companies modernize business operations, adopt intelligent automation, deliver real-time performance insights and connect the enterprise – accelerating the impact of digital transformation based on Microsoft Dynamics 365, Microsoft 365, and Microsoft Azure.

Founded in 1987, HSO has more than 1,200 professionals throughout Europe, North America, and Asia and is one of the world’s top business solution and implementation partners and a member of Microsoft’s elite Inner Circle representing the top 1 percent of partners worldwide.


The Carlyle Group
Catherine Armstrong
Tel: +44 (0) 207 894 1632
Email: catherine.armstrong@carlyle.com

Paul Hope
Group Marketing Director
Email : phope@hso.com