A trusted participant in IT companies

Headquartered in Utrecht, ilionx was based greater than 20 years in the past and at present has over 1,200 workers throughout 13 areas within the Netherlands. It affords digital technique, cloud-oriented software improvement, knowledge & AI options, hyper-automation companies, and managed companies to organisations.

The corporate affords companies primarily to prospects in regulated industries and the general public sector. It has already delivered profitable tasks and implementations at healthcare establishments, (semi) governmental organisations, and business corporations with over 500 workers.

The funding from FSN Capital will permit ilionx to proceed its natural progress because it cements its place as a “trusted, long-term IT companies supplier.” The Nordic fund additionally sees alternative for add-on acquisitions within the massive and extremely fragmented Dutch IT companies market.

Marcus Egelstig, Associate at FSN Capital Companions, funding advisor to FSN Capital VI, says, “We’re very excited that FSN Capital VI will be a part of forces with ilionx to assist the corporate in realising its technique. We see ilionx as a really reliable IT associate for its prospects with a powerful spine in extremely competent workers, mixed with an entrepreneurial spirit and customer-centric strategy.”

A fragmented market

Regardless of being a fragmented market, the Dutch IT companies market continues to get pleasure from a optimistic outlook. In keeping with Analysis and Markets, the IT companies market within the Netherlands is estimated to develop at a CAGR of three.93 per cent between 2022 and 2027. It’s estimated to develop from round $11.87B in 2021 to $13,463B by 2027.

As one of many few sectors to develop in 2020, the IT companies business performs a significant function within the progress of the Dutch economic system. With an elevated demand for IT companies as a consequence of digitisation and the adoption of key applied sciences like AI, machine studying, and blockchain, ilionx is uniquely positioned within the regulated business.

With a market share of 20 per cent, the federal government is the most important finish person of IT companies within the Netherlands with a deal with good governance, good cities and citizen administration.

“I’m very assured that we are able to realise our ambitions with FSN. It’s an organisation with a eager eye for the well-being of our workers,” says Jan Veltman, CEO of ilionx. “Collectively we provide a very good surroundings for professionals, and we’re concerned in society as an entire.”

Veltman provides, “Sustainability, progress and people-centricity are extraordinarily necessary for each FSN and us and I’m happy that we are able to reinforce one another on this, additionally in the direction of our prospects.”