Corporate finance

IKEI advises BeClever shareholders on its sale to Devoteam group

With an extensive experience in managing M&A transactions, IKEI has assisted BeClever's ownership in the identification, negotiation and closing of the company's sale transaction, acting as financial and legal advisor.

Devoteam, a leading European company in digital consulting and technology platforms for companies, strengthens its services in Cybersecurity with the acquisition of BeClever, an IT services company specialized in providing cybersecurity solutions around the management and protection of digital identity (IAM).

Founded in 2011 in Bilbao, BeClever, specializing in identity-based security solutions, provides expert services around access management (AM), privileged account protection (PAM), as well as identity governance and administration (IGA). That level of technical specialization is one of the reasons that has led the European group Devoteam to bet on the company and expand the services they already provided in cybersecurity, being the ultimate goal to become one of the main players in this field on the Spanish market.

This acquisition is part of the Devoteam Group's strategic plan, which aims to reach 1.5 billion euros in revenues by 2024. In this line, it has decided to continue growing in Spain organically and inorganically. In fact, this latest operation preceded by the acquisition of Necsia earlier this year (with which Devoteam strengthened its Microsoft services) and previously with the integrations of New Bic, Power Data, Binima and Nubalia, reinforced capabilities around data, processes and the cloud. After acquisition of BeClever, Devoteam will now have 900 employees in Spain.

About Devoteam

Devoteam is a leading European consulting firm focused on digital strategy, technology platforms and cybersecurity. Combining creativity, technology and data insights, it collaborates with its clients in transforming their business. With 25 years of experience and 8,500 employees in Europe and the Middle East, Devoteam promotes responsible technology for people and works to create change for the better. In Spain it has approximately 850 employees between its headquarters in Madrid and offices in Barcelona, Zaragoza, Bilbao and Granada, with a very important experience in different technologies, platforms and IT solutions.

About BeClever

BeClever is an IT services company with more than 10 years of experience in the sector and a staff of 50 people. Pioneers in following a Security approach focused on Identity, it is an expert in providing solutions and services for access and identity management IAM (Identity & Access Management), covering the various specializations and needs around AM (Access Management), CIAM (Customer Identity Access Management), PAM (Privileged Access Management),) and IGA (Identity Governance & Administration). All this from the hand of the main manufacturers in the sector, maintaining first level strategic alliances with the technological leaders in Identity Management according to Gartner. 

About IKEI

IKEI is a consulting and corporate advisory firm of reference in the middle market operations segment. With more than 60 corporate operations managed in the last 10 years, it has a qualified and experienced senior team in transactions, with experience in international advisory firms and who have also held management responsibilities in industrial and service companies. It also has legal and tax services experienced in Mergers and Acquisitions (M&A), accompanying its clients in the processes of integration, acquisition and transfer of companies.

Five days 06/21/22: "Devoteam strengthens its cybersecurity offering with the acquisition of Spanish BeClever".