Fund invests in major Swiss MSP
EQT Mid Market Europe now has a majority stake in Open Systems AG, which has 150 staff and claims to be one of the largest pure-play managed security services providers in Europe. The plan is to support continued global growth through development of new technical capabilities and services, enhanced go-to-market approach and pushing expansion in the European and US markets
The existing executive team, led by Martin Bosshardt as CEO, will remain with Open Systems and continue to lead its growth. The current shareholders remain invested in the company.
Open Systems was founded in 1990 by Florian Gutzwiller in Basel, Switzerland. Since then, Open Systems has grown and transitioned from a security integrator into one of the largest pure-play Managed Security Services Providers in Europe. The Company offers security enabled networks with SD-WAN, Network Security, Web and Application Security as well as Incident Handling and Response. It operates in more than 180 countries, with operations centres in Zurich and Sydney, Australia, and an office in New York, USA.