Enhancement of our Application Performance Monitoring und Business Service Assurance portfolio with acquisition of OpenAdvice
TIMETOACT GROUP, a leading provider of IT services for medium-sized businesses, large corporations and public institutions in Germany, Austria and Switzerland, has acquired OpenAdvice IT Services GmbH, a proven specialist in application performance monitoring and business service assurance. The acquisition supports TIMETOACT GROUP’s ongoing expansion of its portfolio of high-quality consultancy services and specialist-managed services offerings. The existing partnership between the two companies via the IBM partner program is now being consolidated and expanded under the umbrella of TIMETOACT GROUP. Jeanette and Markus Fürst will continue to lead the OpenAdvice business and will become shareholders in TIMETOACT GROUP, while Christian Port will retire from the business. Both parties agreed not to disclose the details of the transaction.
Joining TIMETOACT GROUP will make us part of a major brand, allowing us to leverage multiple synergies moving forward. The services jointly used across the group will support our growth as a business, particularly when it comes to recruitment. For our customers, the diversified positioning of the TIMETOACT GROUP also offers many advantages and a significantly expanded service offering.
Markus FürstFounder and CEOOpenAdvice
I am particularly delighted to be able to utilise synergies with the wider TIMETOACT GROUP and to also make the group’s portfolio available for OpenAdvice customers. I also see joint growth prospects with our existing partners, IBM and GrafanaLabs, in our main application performance monitoring business.
Jeanette FürstHead of SalesOpenAdviceOpenAdvice is a consultant and service provider for the successful development of customer-specific solutions in the IT service operations area and specialises in application performance monitoring and business service assurance. Established in 2000, it today supports customers throughout Germany and Europe from its headquarters in Heusenstamm near Frankfurt.
The acquisition of OpenAdvice is an important step in the expansion of our managed services portfolio. OpenAdvice’s customers will also benefit from the fact that TIMETOACT GROUP – one of the largest IBM platinum business partners in the DACH region – will give them access to the entire IBM product offering, coupled with our top-class services. Moreover, the Fürst husband and wife team have allowed us to bring two highly motivated managers on board. We are thrilled to be able to develop TIMETOACT GROUP together.
Frank FuchsCEOTIMETOACT GROUPThe previous shareholder of OpenAdvice, Markus Fürst, and sales manager, Jeanette Fürst, will continue to lead OpenAdvice as a business unit within TIMETOACT GROUP. The agreement was quickly reached during the bilateral decision-making process, during which significant synergy and growth potential were identified, particularly with TIMETOACT’s Business Applications division. For TIMETOACT GROUP, the transaction marks its third acquisition since funds advised by Equistone Partners Europe acquired a majority stake in the company in June 2021 and represents another important step in the group’s growth.
We are delighted to add Jeanette and Markus Fürst, two successful and extremely likeable entrepreneurs, to the group of shareholders of TIMETOACT GROUP.
Felix BinsackCEOTIMETOACT GROUPFrank Fuchs, Christian Koch and Felix Luxen are responsible for the transaction on the part of TIMETOACT GROUP. TIMETOACT GROUP was advised during this transaction by BDLV (Financial & Tax), de Angelis Rechtsanwälte (Legal) and P+P Pöllath & Partners (Legal). The OpenAdvice shareholders were advised during the transaction by v. KEUSSLER Rechtsanwälte (Legal) and Steuerberatung Ostle (Financial & Tax).