Alantra advises Kabel on its sale to Avanade
Madrid – Alantra, the global investment banking firm and asset management specialist, has advised Kabel on its sale to Avanade. Kabel is a leading Spanish digital transformation solution provider as well as Microsoft’s #1 partner by competences in Spain.
Since its inception in 1995, Kabel has pursued the objective of becoming its clients’ technological partner, mainly developing software and IT infrastructure. It has become a market leader in digital transformation solutions.
Avanade was founded in 2000 as a joint venture between Accenture and Microsoft and is a proven leader in innovative professional IT services within the Microsoft environment. Currently, the company is present in 26 countries and employs over 50,000 professionals serving 34% of Fortune 500 companies.
Kabel’s capabilities in multi-cloud, artificial intelligence, data, and application development will further bolster Avanade’s presence in Spain and wider Europe. With the addition of Kabel’s almost 300 professionals, the combined team will offer the Spanish market broad and deep expertise in customized, end-to-end business transformative solutions in all industry segments.
Alfredo Rivela, Founder and President of Kabel, commented on the transaction: “In order to continue growing in a sustained and sustainable way, it is necessary to have the best travel companions. Avanade shares our values and its relationship with Accenture will allow us to take on even more complex projects and offer our clients a broader range of technologies and solutions, while continuing our commitment to helping our clients improve society through technology.”
Ana Segurado, Managing Director at Alantra, added: “Kabel is a company that has demonstrated it is at the cutting edge of the cloud and data development services, with a top management team and a strong reputation among its clients. We are very proud to have helped Kabel to find the best partner for the next step in its development.”