Rautenberg & Company advises secunet Security Networks AG on the acquisition of SysEleven GmbH.

Our team advised secunet Security Networks AG on the acquisition of SysEleven GmbH. The closing of the transaction took place on 20 May 2022.

secunet is Germany's leading cybersecurity company and IT security partner of the Federal Republic of Germany. With over 700 experts, the company, listed in the Prime Standard of Frankfurt Stock Exchange, strengthens the digital sovereignty of governments, businesses and society. secunet specializes in areas with unique security requirements, such as cloud, Industrial IoT, eGovernment and eHealth. Its customers include German federal ministries, more than 20 DAX-listed corporations and other national and international organizations. With security solutions from secunet, companies can maintain the highest security standards in digitization projects and thus advance their digital transformation. In 2021, secunet generated revenues of around 338 million euros.

SysEleven is an independent German provider of cloud infrastructure, cloud services, managed services and managed Kubernetes. The company has its own open source-based cloud infrastructure with ISO27001 certified data center locations in Germany (Infrastructure-as-a-Service) and provides MetaKube, a platform for the efficient management and optimization of computing, storage and network resources based on Kubernetes (Managed Kubernetes). With over 100 employees, SysEleven achieved revenues of around 15 million euros in 2021.

Our team around Gero Steinröder advised secunet as Buy-side M&A Advisor on the deal origination of the transaction.