The acquisition of the Spanish company Open3S is the fifth for Innovery in 3 years, since the entry of the private equity fund in 2019. Innovery acquires 100% of the share capital of Open3S, a company specialized in cybersecurity, data analytics and IT infrastructure services. Thanks to this operation, Innovery strengthens its presence in the IT security market in Spain, bringing the doubling of the expected annual revenues to €15 million and the local staff to 130 employees, with the addition of a headquarter in Barcelona next to the one already present in Madrid.
Innovery is an excellent example of the buy-and-build process that Wise equity implements to support the development of its wholly owned companies.
