Pan-European distributor QBS has acquired German rival Compuwave in a deal set to extend both companies’ reach into “innovative non-standard” software markets, said QBS.
Dave Stevinson (pictured), CEO of QBS Technology Group, said Compuwave represented “another exceptionally high-quality addition to our European network”.
“Compuwave is a compelling opportunity to acquire a fast-growing and highly-focused business with a strong management team,” Stevinson said. “This is our third acquisition since the outbreak of Covid-19 in March.”
Following a previous string of buys across Europe, QBS announced the acquisition of security VAD AlphaGen in March and the capture of a full stake in Zedsphere in April.
Compuwave has 35 staff across offices in Munich and Berlin and reported turnover of €30m in 2018. It has more than 1,600 active resellers on its books across Germany, Austria and Switzerland, including cloud service providers and system integrators.
Compuwave's portfolio includes products from the likes of Progress, JetBrains, Teamviewer and Techsmith. Oliver Schnapka, joint CEO of Compuwave, said: “The acquisition confirms our business strategy and enables us to further accelerate our profitable growth both in the DACH region and across Europe.”
QBS says it has around 5,000 European resellers on its books. In June this year, SentryOne announced it was partnering with UK-headquartered QBS to sell its database performance monitoring and DataOps solutions through the channel across the EMEA region.