Press

12.11.2015
CANCOM: Acquisition of Xerabit GmbH strengthens datacenter/storage business in key account segment

Munich, Germany, 12 November 2015 - TecDAX listed CANCOM SE has acquired all shares of Xerabit GmbH, based in Unterschleißheim near Munich. The company operates as a consulting and system house for business-critical IT infrastructure in the datacenter segment, as well as for IT processes, software, and services. With three locations in Germany, Xerabit realized sales of EUR 27.3 million in 2014. An experienced and highly qualified team of IT specialists holds longtime and close relationships to well-known enterprise clients and vendor partners. In particular, Xerabit belongs to the Top 5 IBM partners in Germany with the highest status (IBM Specialty Premier Partner and IBM Storage Elite Partner). Further strategic partnerships exist with Dell/EMC, Hitachi (HDS), NetApp und DataCore.

The respective portfolios of CANCOM and Xerabit are largely complementary. CANCOM not only expands its consulting know-how in the storage/datacenter segment, but also its key account client base with a focus on the finance and insurance industry. Moreover, the broader product and services range within the CANCOM group will create potential added value for clients as well as employees.

The Xerabit founders and managers Bernhard Hopp and Günter Simmnacher will continue to manage the Xerabit business, thus ensuring the required continuity. CANCOM CEO Klaus Weinmann comments: "We are looking forward to working with the Xerabit team and trust that we will further expand our sound growth in the high-end datacenter solutions segment by raising new potential."

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Sebastian Bucher
Manager Investor Relations